James Franco and Anne Hathaway will serve as co-hosts for the 83rd annual Academy Awards, producers confirmed Monday.
Franco has earned critical raves for his latest film, 127 Hours, the real-life story of outdoorsman Aron Ralston who cut off part of his arm after getting it stuck under a boulder. The actor's resume includes diverse roles in Eat, Pray, Love, General Hospital, Milk and Pineapple Express.
Hathaway's newest project is the much-hyped Love and Other Drugs in which she costars with Jake Gyllenhaal. She also showed off her singing and dancing chops when she performed a musical number with Hugh Jackman when he hosted the Oscars two years ago.
"James Franco and Anne Hathaway personify the next generation of Hollywood icons – fresh, exciting and multi-talented," Oscar telecast producers Bruce Cohen and Don Mischer said Monday.
The Oscars air live on ABC from the Kodak Theatre at Hollywood & Highland Center on February 27.