Steve Martin in The Pink Panther 2
Steve Martin and Alec Baldwin will act as co-hosts at the 2010 Academy Awards ceremony, Oscar telecast producers Bill Mechanic and Adam Shankman have announced.
Steve Martin hosted the 73rd and 75th Academy Awards shows, earning an Emmy nomination for the first stint. He has also served as a presenter several times, most recently at the 2009 Oscar ceremony in February, when he shared the stage with Tina Fey. (Theirs was a very clever bit. Tina Fey, in fact, would have been an ideal Oscar co-hostess.)
Alec Baldwin was nominated for an Academy Award in 2003 for his supporting role in The Cooler.
The 2010 Academy Award nominations will be announced on Tuesday, February 2, 2010, at 5:30 a.m. PT in the Academy’s Samuel Goldwyn Theater in Beverly Hills.
The 2010 Academy Awards ceremony will take place on Sunday, March 7, 2010, at the Kodak Theatre at Hollywood & Highland Center. In the US, it'll be televised live by ABC.
I think this is a great combo to host the Oscars together, unfortunately I haven't watched an Awards show in at least 5 years.