That '70s Show: Regis Returns to Oscar Red Carpet
12/10/2007 AT 03:05 PM EST
"Regis is the perfect guy to serve as host. He knows everyone, and everyone loves Regis!" producer Dennis Doty says in a statement. "I'm thrilled that he has agreed to be the ringmaster for this year's extravaganza."
The Academy of Motion Picture Arts and Sciences is producing the show, which airs Feb. 24 on ABC. Philbin, 76, who co-hosts Live With Regis & Kelly, will guide the half-hour lead-in red-carpet interview show. Philbin was "a pioneer interviewer of arriving stars" at the Oscars in the 1970s, according to the Academy.
The 80th Academy Awards nominations will be announced Jan. 22 at 5:30 a.m. PT.