James Franco and Anne Hathaway to Host the 83rd Academy Awards®!

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James Franco and Anne Hathaway will serve as co-hosts of the 83rd Academy Awards®, Oscars 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 Oscars 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 Oscars telecast. His other film credits include Eat Pray Love, Date Night, Milk and Pineapple Express. He is also known for his portrayal 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 & Other Drugs. Her other film credits include Bride Wars, Becoming Jane, The Devil Wears Prada and The Princess Diaries. Hathaway 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 as The 83rd Annual Academy Awards on the ABC Television Network. The Oscars presentation will be televised live in more than 200 countries worldwide.