Universal Pictures' 'Seabiscuit' was named Tuesday as a best picture Oscar nominee in the 76th Academy Awards. From left, Tobey Maguire, Chris Cooper, and Jeff Bridges are shown in a scene from the film.

Universal Pictures' 'Seabiscuit' was named Tuesday as a best picture Oscar nominee in the 76th Academy Awards. From left, Tobey Maguire, Chris Cooper, and Jeff Bridges are shown in a scene from the film.

Universal Pictures

<i>Seabiscuit</i> Nominated for Best Picture

Seabiscuit, the summer blockbuster about the famous Depression-era racehorse, received seven Academy Award nominations, including one for Best Picture.

Competing against Seabiscuit for Best Picture is The Lord of the Rings: The Return of the King; Lost in Translation; Master and Commander: The Far Side of the World; and Mystic River.

Nominations were announced Tuesday morning.

Seabiscuit also received nominations in the following categories: Art Direction, Cinematography, Costume Design, Sound, Film Editing, and Writing (Adapted Screenplay).

Seabsicuit, based on a book written by Laura Hillenbrand, was directed by Gary Ross for Universal Pictures, Dreamworks Pictures, and Spyglass Entertainment.

The Oscar's will be presented Feb. 29.