Lady Gaga on her improved Oscar chances: 'I'm so happy'

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Lady Gaga and Elton John could soon share more than the stage, given the performers are on a short list for the best original song Oscar -- and Gaga is thrilled about the recognition.

"Just heard my duet 'Hello, Hello' with Elton is up for nomination at the Oscars!" she tweeted from Japan on Tuesday.

"Gnomeo & Juliet is such a beautiful film. I'm so happy!!"

Gaga and Elton are on a narrowed-down list released by the Academy of Motion Picture Arts & Sciences on Monday, with nearly 40 other performers that will duke it out for the final nomination slots (announced Jan. 24).

They'll go up against original tracks from "The Muppets,' Mary J. Blige and her "The Living Proof" from "The Help," and folks like will.i.am and Zooey Deschanel (for a song she belts in the latest "Winnie the Pooh" adventure).

Gaga isn't concerned exclusively with accolades at the moment, however, she's happy her new album "Born This Way" has been so well received by her fans.

"Sipping tea in Japan with Haus. Feeling so grateful. We sold about 1 million albums a month worldwide since the release of BORN THIS WAY," she tweeted.

What do you think of the duo's Academy Awards chances? Tell us in comments.

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-- Matt Donnelly

twitter.com/MattDonnelly

Photo: Lady Gaga and Elton John perform together May 13, 2010, in New York. Credit: Jason DeCrow / Associated Press