Oscar Awards 2011 Hosts Announced - James Franco, Anne Hathaway

Academy of Motion Picture Arts and Sciences is getting ready for the Oscars 2011 and have announced the hosts of the Oscars 2011.

James Franco and Anne Hathaway will be co-hosting the ceremony for their first time. James Franco and Anne Hathaway is also set to be the youngest duo ever to host the Oscars. James Franco will be nominated for the Oscars for his movie "127 hours" and Anne Hathaway will also be nominated to the prestigious award for her latest flick "Love and other Drugs."

Hathaway reprised that role for The Princess Diaries 2: Royal Engagement, and starred in family films, appearing as the title character in Ella Enchanted, both in 2004. On November 29, 2010, it was announced that Hathaway and James Franco would host the 83rd Academy Awards. James Franco played the title role in Mark Rydell's television biographical film James Dean, which earned him a Golden Globe for Best Actor in a Miniseries or Television Film. Franco was named by Joel Stein as "The Coolest Person of the Year.”