Updated from 02/27/2011

Updated to include winners of best picture, best director.

LOS ANGELES --

The King's Speech

snapped up four Oscars at the 83rd annual Academy Awards Sunday, including those for best picture and best director.

The film, directed by Tom Hooper, explores British King George VI's struggle to overcome a stammer. It had been the overall favorite going into the presentation and had garnered the most nominations of any movie this year: 12.

Colin Firth, who played the king, won best actor, and screenwriter David Seidler won best original screenplay.

Natalie Portman won best actress for her role as a ballet dancer in the psychological thriller

Black Swan

.

The Fighter

, a boxing saga, delivered Oscars to Melissa Leo and Christian Bale in the best supporting actress and best supporting actor categories.

Alice in Wonderland

won the first Oscar of the evening's show, for art direction.

Colin Firth stars in The King's Speech

The Social Network

, which dramatizes the early days of

Facebook

, had been considered a possible contender for best picture. It won awards for best film editing and best adapted screenplay for Aaron Sorkin's adaptation of the book

The Accidental Billionaires

. Music by Trent Reznor and Atticus Ross also gave the movie an Oscar for best original score.

The Danish drama

In a Better World

won best foreign language film, the same category it won at this year's Golden Globe Awards.

Going into the awards program,

True Grit

, the Coen brothers' remake of the classic Western, had garnered the second largest number of nominations -- 10 -- followed by

The Social Network

and

Inception

, each with eight. But

True Grit

failed to win a single award. The science-fiction thriller

Inception

won four technical awards: best cinematography, best visual effects, best sound editing and best sound mixing.

In addition to

The King's Speech

,

The Social Network

,

True Grit

and

Inception

, best picture nominees this year included

Black Swan

,

The Fighter

,

The Kids Are All Right

,

127 Hours

,

Winter's Bone

and

Toy Story 3

, the third animated film to receive a nomination in this category.

Toy Story 3

ended up winning best animated feature.

In an attempt to boost interest in the awards presentation, organizers this year doubled the number of nominees for the best picture award.

The organizers of the program, which was televised by ABC, also tried to put a youthful face on the show by tapping James Franco (who also received a best actor nomination for the survival tale

127 Hours

) and Anne Hathaway as hosts.

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This article was written by a staff member of TheStreet.