BREAKING NEWS

James Franco, Anne Hathaway To Co-Host Academy Awards

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Nov. 29 2010, Published 1:40 p.m. ET

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Two of Hollywood's hottest young screen stars, James Franco and Anne Hathaway, will co-host the 83rd Academy Awards ceremony in February, RadarOnline.com has learned.

“James Franco and Anne Hathaway personify the next generation of Hollywood icons -- fresh, exciting and multi-talented," the show’s producers Bruce Cohen and Don Mischer said in a statement Monday. “We hope to create an Oscar broadcast that will both showcase their incredible talents and entertain the world on February 27.

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“We are completely thrilled that James and Anne will be joining forces with our brilliant creative team to do just that," the producers said.

Franco, 32, might be a busier man than expected that night, as the handsome actor is rumored to be in serious consideration for a best actor nod for his role in 127 Hours.

Hathaway, 28, could also be considered for her work in Love & Other Drugs, though the film's flop at the box office in its opening weekend may quell such chatter.

PHOTO: Life's A Drag For James Franco; His Gender-Bending Magazine Cover

Their selections show a youthful turn in the Academy's hosting criteria, as no one younger than 40 has ever hosted the Oscars before.

The pair take over for Alec Baldwin and Steve Martin, who hosted Hollywood's most prestigious award ceremony in 2010 to its best ratings in five years. Other past hosts of note include Bob Hope, Johnny Carson, Billy Crystal, David Letterman, Jon Stewart and Whoopi Goldberg.

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