James Franco and Anne Hathaway Oscar hosts

James Franco and Anne Hathaway have been selected to co-host the 83rd Academy Awards telecast on February 27, 2011.

It is the second year in a row that more than one host has been selected, with Alec Baldwin and Steve Martin performing the duties last February.

The most interesting twist is that both hosts are in consideration for awards. Franco is considered a favorite to win Best Actor for his performance in Danny Boyle’s 127 Hours, whereas Hathaway has a long-shot chance at Best Actress for Love and Other Drugs.

Guess sucking up in this way might help them cinch the Oscar.

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