The Comedienne and daytime TV personality tweeted the news to her 21 million followers.
“It’s official: I’m hosting the #Oscars! I’d like to thank @TheAcademy, my wife Portia and, oh dear, there goes the orchestra,” she wrote.
DeGeneres has the mantle not only to keep guests and awardees at the entertained , but tens of millions of home viewers.
The event comes up at the Dolby Theatre in Los Angeles March 2.
Seth MacFarlane held audience captivated at this year’s event.
First time DeGeneres served as host of the Oscars was in 2007.