Person of the Week: Academy Awards Hosts Steve Martin and Alec Baldwin

March 5, 2010— -- When you think back to Academy Awards ceremonies over the years, you might not remember what Julia Roberts wore or who won for best supporting actor, but you probably remember the hosts, particularly if they made you laugh and kept the show moving along.

This Sunday, for the first time in 23 years, the hosting duties will be handled by more than one person. Steve Martin and Alec Baldwin will share the stage.

The last time multiple hosts helmed the Oscars was 1987 when Chevy Chase, Goldie Hawn and Paul Hogan did it, but never in the ceremony's 82-year history have there been just two co-hosts.

Martin's got experience under his belt, having hosted in 2001 and 2003, but it will be Baldwin's first turn on the Oscar stage.

"I've hosted twice before alone and they felt I needed help," Martin quipped.

"They felt it didn't go so well," said Baldwin.

The show's producers think the pairing of Baldwin and Martin harkens back to some of the great comedy teams of film -- Abbott and Costello, or Martin and Lewis.

"I think the Oscars are going to be intelligent, charming, urbane," said Baldwin.

"And then we'll be there," Martin added.

With an average audience of over 36 million in the U.S. and hundreds of millions of others around the globe, there is a lot of pressure on the pair to do well. Martin, the experienced host, thinks he's ready.

"The first time I did it, I was very nervous ahead of time," he said. "Second time I did it I was less nervous, although I still stood backstage, standing in front of a mirror alone, and they're just about to introduce you and you go, 'How did I, what did I, what am I doing?' But I think this time will be fine. I'll put everything on him."