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Due to recent changes to the rules of the coveted category, nine movies including 'The Artist' and 'Hugo' are eligible to enter the list.
The female lead of 'Extremely Loud and Incredibly Close' claims she and her younger co-star Thomas Horn 'had the tough stuff' in the film, but Hanks missed the intense scenes.
Bullock looks elegant in a black satin trouser suit, while Hanks looks sleek in two-piece suit at the special screening of 'Extremely Loud and Incredibly Close' taking place at the Ziegfeld Theater.
The new promo video shows more touching scenes centering on a boy named Oskar who suffers a heartbreaking loss when his father dies before he embarks on a solo journey in New York.
The video centers on the strong bond between Tom Hanks and Sandra Bullock's characters and their son, Oskar, who scours New York City in search of a lock that a key his father left him will open.
The 'Blind Side' beauty sports wavy and lighter lock, and wears a checked coat to complete her frumpy look when filming the movie in Manhattan.
The two Oscar-winning stars have been reportedly offered to star in a movie adaptation of a novel set after 9-11 attacks, with Stephen Daldry on board to work behind the lens.