The Oscars are skewing younger this year -- because Anne Hathaway and James Franco will be hosting the show!

With a combined age of 60, organizers for the awards show said the two young stars will co-host the 83rd ceremony, which will be held on February 27.

Both actors are already generating Oscar buzz for their latest releases, Hathaway for "Love & Other Drugs" and Franco for "127 Hours."

Last year, Steve Martin, 65, and Alec Baldwin, 52, co-hosted the show.

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