"It's official: I'm hosting the #Oscars!" tweeted Ellen on Friday afternoon. "I'd like to thank @TheAcademy, my wife Portia and, oh dear, there goes the orchestra."
Ellen will take to the stage on 2 March 2014, for the 86th Academy Awards, to act as the ceremony's emcee for the second time after presented the Oscars in 2007.
"I am so excited to be hosting the Oscars for the second time," said Ellen. "You know what they say -- the third time's the charm."
The Academy of Motion Picture Arts and Sciences also recently made the decision to elect marketing executive Cheryl Boone Isaacs as its new president.
One of Cheryl's first tasks was to confirm who would host the 2014 Oscar ceremony and she wasted no time in giving Ellen the job.