Ellen DeGeneres will host this year's Oscars.

"It's official: I'm hosting the #Oscars!" the talk show host tweeted this morning. "I'd like to thank @TheAcademy, my wife Portia and, oh dear, there goes the orchestra."

The Academy is "thrilled," with the choice, said producers Craig Zadan and Neil Meron in a statement.

"As a longtime friend, we had always hoped to find a project for us to do together, and nothing could be more exciting than teaming up to do the Oscars," the statement read. "There are few stars today who have Ellen's gift for comedy, with her great warmth and humanity. She is beloved everywhere, and we expect that the audience at the Dolby Theater, and in homes around the globe, will be as excited by this news as we are."

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DeGeneres, 55, last hosted the Oscars in 2007, becoming the first openly gay person to do so.

"I am so excited to be hosting the Oscars for the second time," she added in a statement. "You know what they say - the third time's the charm!"

Last year, Seth MacFarlane hosted the event, to mixed reviews.

DeGeneres has a busy schedule these days. Not only does she host her own television show, but she's also participating in the sequel to "Finding Nemo," titled "Finding Dory," scheduled for release in 2015.

The Oscars will air on March 2, 2014 on ABC.

(Photo credit: Kevin Winter/Getty Images)