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  • This image released by Lionsgate shows Ryan Gosling, right, and...

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    This image released by Lionsgate shows Ryan Gosling, right, and Emma Stone in a scene from, “La La Land.” The film is nominated for an Oscar for best feature film. The 89th Academy Awards will take place on Feb. 26.

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    This image released by Roadside Attractions and Amazon Studios shows Casey Affleck in a scene from “Manchester By The Sea.” Affleck is nominated for an Oscar for best actor in a leading role for his work in the film.

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    This image released by Focus Features shows Ruth Negga, right, and Joel Edgerton in a scene from, “Loving.” Negga is nominated for an Oscar for best actress in a leading role.

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    This image released by Paramount Pictures shows Denzel Washington in a scene from “Fences.” Washington is nominated for an Oscar for best actor in a leading role for his work in the film. The 89th Academy Awards will take place on Feb. 26.

  • This image released by Lionsgate shows Ryan Gosling, left, and...

    Dale Robinette/Lionsgate via AP

    This image released by Lionsgate shows Ryan Gosling, left, and Emma Stone in a scene from, “La La Land.” The film is nominated for an Oscar for best feature film.

  • In the film “Hidden Figures,” Mary Jackson (Janelle Monae, left),...

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    In the film “Hidden Figures,” Mary Jackson (Janelle Monae, left), Katherine Johnson (Taraji P. Henson) and Dorothy Vaughan (Octavia Spencer) celebrate their stunning achievements in one of the greatest operations in history. The film is nominated for an Oscar for best picture.

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    This image released by A24 Films shows Mahershala Ali, left, and Alex Hibbert in a scene from, “Moonlight.” Ali is nominated for an Oscar for best supporting actor for his work in “Moonlight.”

  • PHOTO BY MARK ROGERS COURTESY OF LIONSGATE Andrew Garfield stars...

    PHOTO BY MARK ROGERS COURTESY OF LIONSGATE Andrew Garfield stars as Desmond Doss in “Hacksaw Ridge.” Gardfield is nominated for an Oscar for best actor in a leading role.

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    This image released by A24 shows Alex Hibbert, foreground, and Mahershala Ali in a scene from the film, “Moonlight.” Ali is nominated for an Oscar for best actor in a supporting role.

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Even before the awards are handed out, the 89th Academy Awards is stacking up as one for the record books.

Not only did the bittersweet musical gem “La La Land” net a record-tying 14 nominations but a diverse mix of actors including the likes of Ruth Negga, Denzel Washington and Dev Patel are helping to make sure that, this year, the Oscars will so inclusive rather than so white.

Never before have people of color been nominated in all four of the major acting categories as well as for Best Director, Best Documentary Feature and Best Adapted Screenplay.

As if that wasn’t good enough news, there’s also a handful of big races without clear frontrunners. And, as any award show junkie knows, the more categories which are up for grabs, the better the broadcast.

So, before you watch Jimmy Kimmel host the ceremonies on Feb. 26, read up on our picks for who will and who should win this year’s Oscars.

BEST PICTUREThe Nominees: “Arrival,” “Fences,” “Hacksaw Ridge,” “Hell or High Water,” “Hidden Figures,” “La La Land,” “Lion,” “Manchester By The Sea” and “Moonlight.”

Will Win: “La La Land”Should Win: “La La Land”

The Rationale: The big question of the evening will be: how will politics influence Oscar voters? The nominations already reflect a determination on the part of the Academy to honor a diverse bunch of actors and filmmakers. Will those sentiments favor such films as “Hidden Figures” and “Moonlight”?

Even without the wild card of politics, this is a tough category to call, with possible spoilers everywhere.

At the moment, the frontrunner is “La La Land,” one of the most blissfully entertaining movies of 2016. The Los Angeles-set musical manages to sweep you off your feet with its depiction of the dizzying romance between an aspiring actress (Emma Stone) and a struggling jazz musician (Ryan Gosling).

It’s also about Hollywood and, as the recent wins for “Argo” and “The Artist” prove, the film community loves to watch itself up on the screen. But even though “La La” is a huge hit, it could be written off as too breezy to win the Best Picture prize.

If there’s a film nipping at “La La Land’s” heels it is “Moonlight,” the story of a gay African-American male coming of age in Miami. Intimate yet universal, “Moonlight” avoids cliches at every turn, confronts big themes of race, gender and the search for identity; and creates characters who feel ferociously alive.

Another contender coming on very strong in the homestretch is “Hidden Figures,” a crowd-pleaser about three African-America women in the 1960s who helped America win the space race. A surprise winner at the SAG Awards, “Hidden Figures” has a good shot at the Best Picture Oscar.

Still, in the end, it’s likely “La La Land” will hit all the right notes with Academy voters.

BEST ACTORThe Nominees: Casey Affleck for “Manchester by the Sea,” Andrew Garfield for “Hacksaw Ridge,” Ryan Gosling for “La La Land,” Viggo Mortensen for “Captain Fantastic” and Denzel Washington for “Fences”

Will Win: AffleckShould Win: Affleck

The Rationale: As Lee, a Boston janitor dealing with an unthinkable tragedy from his past, Affeck delivered the year’s most quietly intense turn. In his scenes with Michelle Williams, Affleck seemed to peel back layers of guilt and pain, while barely raising his voice above a whisper.

But Affleck has been dogged by accusations of sexual harassment from women who worked with him on a previous film project. Could the controversy impact Oscar voters?

Affleck also lost the Screen Actors Guild award, in a big upset, to Washington, who delivers a bold, showy performance in “Fences.” This is a tight race: Washington could nab his third Oscar but, chances are, Affleck will squeak out a win.

BEST ACTRESSThe Nominees: Emma Stone for “La La Land,” Natalie Portman for “Jackie,” Ruth Negga for “Loving,” Meryl Streep for “Florence Foster Jenkins” and Isabelle Huppert for “Elle”

Will Win: StoneShould Win: Huppert

The Rationale: Stone was wonderful in “La La Land” as she made you not only care about her character but ache for her to get together with her one true love. Everything worked about Stone’s performance from her singing and dancing to her ability to convey ambition, pain and pure joy. A win at the SAG Awards confirms Stone as the front-runner.

Huppert is the sentimental favorite. Her turn as an unconventional rape victim in “Elle” is just one of the dozens of edgy, envelope-pushing portrayals she’s created over the years. Huppert is surely the greatest living actress without an Academy Award. That’s a situation that could be remedied on Oscar night.

BEST SUPPORTING ACTRESSThe Nominees: Viola Davis for “Fences,” Naomie Harris for “Moonlight,” Nicole Kidman for “Lion,” Octavia Spencer for “Hidden Figures” and Michelle Williams for “Manchester By The Sea.”

Will Win: DavisShould Win: Davis

The Rationale: Davis is long overdue. She’s one of the most respected actors in Hollywood with nominations for “Doubt” and “The Help” on her resume. On top of that, she not only held her own with Denzel Washington in “Fences” but she stole scenes away from him. And he was the director! Davis is this year’s surest of sure things.

BEST SUPPORTING ACTORThe Nominees: Mahershala Ali for “Moonlight,” Jeff Bridges for “Hell or High Water,” Lucas Hedges for “Manchester By The Sea,” Dev Patel for “Lion” and Michael Shannon for “Nocturnal Animals.”

Will Win: AliShould Win: AliThe Rationale: As a drug dealer who takes an abused kid under his wing, Ali created an indelible portrait of a very complex man. “Moonlight” doesn’t give Ali’s characters much of a story arc – one of the film’s few flaws – and that could hurt his chances. But Ali remains the one to beat on Oscar night.

BEST DIRECTORThe Nominees: Denis Villeneuve for “Arrival,” Mel Gibson for “Hacksaw Ridge,” Damien Chazelle for “La La Land,” Barry Jenkins for “Moonlight” and Kenneth Lonergan for “Manchester by the Sea.”

Will Win: ChazelleShould Win: Chazelle

The Rationale: Even if “La La Land” loses the Best Picture title, Chazelle is likely to pull off a win in this category. Why? “La La Land” feels like the work of a real visionary. Academy members are bound to be impressed.