Lead star Daniel Kaluuya's name was mentioned among fellow Best Actor nominees Timothee Chalamet, Daniel Day-Lewis, Gary Oldman and Denzel Washington t huge applause from the assembled crowd while filmmaker Jordan Peele became the fifth black person to be recognised in the Best Director category in Oscars history following John Singleton (Boyz N the Hood), Lee Daniels (Precious), Steve McQueen for 12 Years a Slave in 2013 and Moonlight filmmaker Barry Jenkins just last year.
The horror satire which was a critical and commercial smash hit has become the second Best Picture nominee to have ever had a US release of February after 1991 winner The Silence of the Lambs - also a horror.
Get Out - which cost $4.5m - also saw Peele nominated for Best Original Screenplay.
The Shape of Water leads this year's pack with 13 nominations followed by Dunkirk (eight), Three Billboards Outside Ebbing, Missouri (7) and Joe Wright's Churchill drama Darkest Hour (6).
Peele responded to the news with the below tweet.
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