'Transformers: Revenge of the Fallen' has dominated this year's Razzie Awards with seven nominations.

Michael Bay's action movie ? which stars Megan Fox and Shia LaBeouf ? is up for the largest number of gongs along with Will Ferrell's flop 'Land of the Lost', which is also up for seven "honours".

Despite raking in a fortune at the box office, the 'Transformers' sequel is up for Worst Picture of 2009, while Fox is nominated in the Worst Actress category and her on-screen romance with LaBeouf earned them a nod for Worst Screen Couple.

Their co-star Julie White is up for Worst Supporting Actress, filmmaker Bay found himself on the shortlist for Worst Director, and the movie was also put forward for the Worst Remake, Rip-off or Sequel award and Worst Screenplay.

The Razzies ? which recognises the least impressive screen offerings of the year and is considered the antithesis of the Oscars ? are organised by John Wilson and awards are voted for by members of the Golden Raspberry Award Foundation, which is open to anyone.

Bay's main competitor Ferrell has joined the director in a number of categories, with his sci-fi comedy film.

'Land of the Lost' and its cast are in the running for Worst Picture, Worst Actor, Worst Screen Couple, Worst Supporting Actor, Worst Remake, Rip-off or Sequel and Worst Screenplay.

The 2010 ceremony could also see Hollywood actress Sandra Bullock pick up both a Razzie and an Oscar within 24 hours.

The 45-year-old actress has been nominated as one half of the Worst Screen Couple alongside her 'All About Steve' co-star Bradley Cooper.

The Razzies will be held the day before the Oscar ceremony on March 7 ? for which Sandra is expected to be nominated as Best Actress for her role in 'The Blind Side'.

Other Razzie nominees include Robert Pattinson and Taylor Lautner, who despite being teenage heartthrobs, are up for the Worst Screen Couple with their 'Twilight Saga: New Moon' co-star Kristen Stewart.

As well as the regular categories, this year's Razzies will also recognise the worst actors, actresses and pictures of the decade.