The awards season has been kicked off with People's Choice Awards, and the next in line is the 72nd annual Golden Globes Awards, which will take place in Beverley Hills on 11 January.
On the movie front there are a number of strong contenders this year, which include "The Imitation Game," "Boyhood," "Selma," "The Theory of Everything" and "Birdman," and favorites in the television segment include "Fargo", "Orange is the New Black," "Girls," and "Jane the Virgin."
While "Birdman" might win the prize for the best motion picture, industry sources believe the drama film segment has two strong contenders in "Selma" and "Boyhood."
"It seems like it's probably between 'Boyhood' and 'Selma' -- those seem to be the ones that seem to be going over the most with the 90 or so members of the Hollywood Foreign Press Association who determine the outcomes of the Globes," Scott Feinberg, The Hollywood Reporter's awards analyst, told CBS News. But ultimately "Boyhood" could take the prize as it is likely get points for "being different," Feinberg noted.
As for the best actress, competition could be between Jennifer Aniston and Julianne Moore. Aniston's "Cake" has received sufficient praise from critics to become a strong contender this award season and besides Golden Globe, Aniston has picked up Screen Actors Guild and Critics' Choice nominations.
Moore is set to give Aniston strong competition with her performance in "Still Alice," where she essays the role of a woman battling Alzheimer's.
While chatter indicates that Moore could be the winner, CBS News noted that "Globes do like the celebrity part of it all -- and Aniston has Moore beat on that front."
The top two contenders for best actor in a motion picture drama could be Benedict Cumberbatch (The Imitation Game) and Eddie Redmayne (The Theory of Everything).
"You have these two tortured geniuses and I think it seems like the edge is going to go to Redmayne who in some ways has the showier performance," said Feinberg. "He's portraying a guy dealing with ALS...I think it is evocative of Daniel Day Lewis in 'My Left Foot' and some of the other great physical performances. I do think he will edge out Cumberbatch, even though Cumberbatch is the bigger star."
Tina Fey and Amy Poehler will return to co-host the show for the third time and the event will air live from Los Angeles from 8 p.m. ET on NBC.