And The Oscar Host Is… Ellen DeGeneres

Ellen DeGeneres will return to host the Oscars for a second time, it was announced Friday.

"We are thrilled to have Ellen DeGeneres host the Oscars," producers Craig Zadan and Neil Meron said in a statement.

"As a longtime friend, we had always hoped to find a project for us to do together and nothing could be more exciting than teaming up to do the Oscars. There are few stars today who have Ellen's gift for comedy, with her great warmth and humanity. She is beloved everywhere and we expect that the audience at the Dolby Theatre, and in homes around the globe, will be as excited by this news as we are."

DeGeneres -- who follows Seth Macfarlane in the role -- added, "I am so excited to be hosting the Oscars for the second time. You know what they say - the third time's the charm."

The show will be broadcast live on Sunday, March 2, 2014.