"Everything Everywhere," a science-fiction flick about an exasperated Chinese immigrant struggling to finish her taxes, landed 11 nominations, including best picture and four acting nods.
Other films in the hunt for the top trophy at the Academy Awards included sequel "Avatar: The Way of Water," James Cameron's visual spectacle that currently ranks as the sixth-highest grossing movie of all time.
Last year's Academy Awards ceremony, when Will Smith slapped presenter Chris Rock before winning best actor, drew about 15.4 million TV viewers, the second-smallest audience ever.
Apple TV+ (AAPL.O) nabbed best picture last year for heartwarming drama "CODA."
This time, Disney received the most nominations, a total of 22, for movies including "Avatar," "Banshees" and animated "Turning Red."