PARK CITY - Oscar nominations day is always busy, but before transitioning to Sundance Film Festival coverage, Gregory Ellwood and Guy Lodge took a few minutes to chat about what today's nods mean as the march continues toward the 86th Academy Awards.

From "Alone Yet Not Alone"-gate (one of the more embarrassing moments for the Academy in recent memory) to the top tallies for "American Hustle" and "Gravity" to predictions for the big show, Lodge and Ellwood give their insights into the day's big news.

Check out their thoughts in the video embedded at the top of this page. Agree or disagree? Share your thoughts below.