Nikki Finke of the entertainment news website Deadline is reporting that none other than Yale’s own James Franco GRD ’16 has been asked to host the 83rd Annual Academy Awards along with actress Anne Hathaway.

According to Finke both Franco and Hathaway accepted the offer, but there is still a chance something could change. She writes:

What’s most unusual about their hosting is that both thesps may be Oscar nominees themselves in the fiercely competitive Best Actor and Actress categories this awards season. Franco is considered a shoo-in for a nomination director Danny Boyle’s thriller 127 Hours, the real life story of a trapped hiker who must choose between his arm and freedom. And Hathaway is more of a long-shot in director Ed Zwick’s romantic dramedy Love And Other Drugs which opened soft at the box office this past weekend. That might be the main reason one or both of the stars decide to beg off.

Our biggest question is: Will Franco mention Yale at all during the telecast?

At least we know he is prone to what can be described as a “stage/film/musical/crazy production.” Sounds perfect for an Oscar broadcast.

UPDATE: 12:52 p.m.

IT’S OFFICIAL. Franco and Hathaway are hosting, Oscar telecast producers (Yalie!) Bruce Cohen ’83 and Don Mischer announced.