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According to Vulture, the AFI determines its selections via a small panel of film actors, academics and critics. This year's panel reportedly included Juno writer Diablo Cody, Precious director Lee Daniels, US film critic Leonard Maltin and actress Jennifer Love Hewitt.
The AFI's movies of the year are Black Swan, The Fighter, Inception, The Kids Are All Right, 127 Hours, The Social Network, The Town, Toy Story 3, True Grit and Winter's Bone.
Their TV shows of the year were revealed to be The Big C, Boardwalk Empire, Breaking Bad, Glee, Mad Men, Modern Family, The Pacific, Temple Grandin, 30 Rock and The Walking Dead.
The AFI also handed out special awards to The King's Speech and Waiting For Superman.
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