Two of America's favorite comedians, Steve Martin and Alec Baldwin, will be co-hosting this year's Academy Awards. They'll be the first people to host the ceremony as a pair since the first Oscars show in 1929. Martin has already hosted the show twice before and even garnered an Emmy nomination for it in 2001, but Alec Baldwin has never hosted the show before. Martin has made guest appearances on Baldwin's hit show, "30 Rock."
Martin joked about the news: "I am happy to co-host the Oscars with my enemy Alec Baldwin." In turn, Baldwin remarked (about Martin's musical abilities), "I don't play the banjo but I'm thrilled to be hosting the Oscars - it's the opportunity of a lifetime."