It's Official: Franco & Hathaway Host 2011 83rd Annual Academy Awards in 2011

As BroadwayWorld speculated earlier today, James Franco and Anne Hathaway will officially serve as co-hosts of the 83rd Academy Awards®, Oscar telecast producers Bruce Cohen and Don Mischer announced today. Both have previously appeared on the telecast but not in hosting capacities.

"James Franco and Anne Hathaway personify the next generation of Hollywood icons- fresh, exciting and multi-talented. We hope to create an Oscar broadcast that will both showcase their incredible talents and entertain the world on February 27," said Cohen and Mischer. "We are completely thrilled that James and Anne will be joining forces with our brilliant creative team to do just that."

Franco, who currently can be seen in "127 Hours," will be making his second appearance on an Oscar telecast. His other film credits include "Eat, Love, Pray," "Date Night," "Milk" and "Pineapple Express." Franco is also known for his portrayals of Harry Osborn in the "Spider-Man" trilogy.

Hathaway will be making her fifth appearance on an Academy Awards telecast. She was recently seen in "Alice in Wonderland" and currently can be seen in "Love and Other Drugs." Hathaway's other film credits include "Bride Wars," "Becoming Jane," "The Devil Wears Prada" and "The Princess Diaries." She was nominated for an Oscar in 2008 for her lead performance in "Rachel Getting Married."

Academy Awards for outstanding film achievements of 2010 will be presented on Sunday, February 27, 2011, at the Kodak Theatre at Hollywood & Highland Center, and televised live on the ABC Television Network. The Oscar presentation also will be televised live in more than 200 countries worldwide.

The Academy of Motion Picture Arts and Sciences is the world's preeminent movie-related organization, with a membership of more than 6,000 of the most accomplished men and women working in cinema. In addition to the annual Academy Awards - in which the members vote to select the nominees and winners - the Academy presents a diverse year-round slate of public programs, exhibitions and events; provides financial support to a wide range of other movie-related organizations and endeavors; acts as a neutral advocate in the advancement of motion picture technology; and, through its Margaret Herrick Library and Academy Film Archive, collects, preserves, restores and provides access to movies and items related to their history. Through these and other activities the Academy serves students, historians, the entertainment industry and people everywhere who love movies.

For more information, visit www.oscars.org