James Franco and Anne Hathaway to host 83rd annual Academy Awards

Actor James Franco and actress Anne Hathaway will host the 83rd Academy Awards in February, the Academy announced on Monday.

Franco, 32, can currently be seen in "127 Hours" but is also known for his roles in movies such as "Eat, Love, Pray," "Date Night," "Milk" and "Pineapple Express." He is also known for his portrayals of Harry Osborn in the "Spider-Man" trilogy.

Hathaway, 28, was recently seen in "Alice in Wonderland" and currently can be seen in "Love and Other Drugs." Other films 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."

Oscar telecast producers Bruce Cohen and Don Mischer made the announcement on Monday, saying they 'personify' the next generation of Hollywood icons. "We hope to create an Oscar broadcast that will both showcase their incredible talents and entertain the world on February 27," they said in a statement. "We are completely thrilled that James and Anne will be joining forces with our brilliant creative team to do just that."

Academy Awards for outstanding film achievements of 2010 will be presented on Sunday, February 27 at the Kodak Theatre at Hollywood and Highland Center in Hollywood and will be televised live in more than 200 countries worldwide.