James Franco & Anne Hathaway New Oscars Hosts

Oscar telecast producers Bruce Cohen and Don Mischer announced just now that "James Franco and Anne Hathaway personify the next generation of Hollywood icons— fresh, exciting and multi-talented. We hope to create an Oscar broadcast that will both showcase their incredible talents and entertain the world on February 27. We are completely thrilled that James and Anne will be joining forces with our brilliant creative team to do just that."

Anne Hathaway recived her first nomination as Best Leading Actress for her role in Rachel Getting Married back in 2009, and James Franco's performance has generated Oscar buzz for his role in this year's 127 Hours directed by Slumdog Millionaire's Danny Boyle.