James Franco and Anne Hathaway to host the Academy Awards

James Franco and Anne Hathaway have been tapped to host the 83rd Academy Awards.

Looks like the Academy is attempting to go for a younger audience… What do you think?

The Press release is below.

FRANCO, HATHAWAY TO HOST OSCAR® SHOW

Beverly Hills, CA – James Franco and Anne Hathaway will serve as co-hosts of the 83rd Academy Awards®, Oscar 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 Oscar 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 Oscar telecast. His other film credits include “Eat, Love, Pray,” “Date Night,” “Milk” and “Pineapple Express.” Franco is also known for his portrayals 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 and Other Drugs.” Hathaway’s other film credits include “Bride Wars,” “Becoming Jane,” “The Devil Wears Prada” and “The Princess Diaries.” She was nominated for an Oscar in 2008 for her lead performance in “Rachel Getting Married.”