Ellen DeGeneres Returns to Host the Oscars

The new Academy president approved the idea immediately.
2:40 | 08/03/13

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Transcript for Ellen DeGeneres Returns to Host the Oscars
After taking a bit of a risk LAST YEAR WITH seth McMarlin that raised a few eyebrows, the producers of the oscars are taking a different route. They announced the host for the 86th academy awards right here on abc. And there it is. ellen DeGeneres. Rachel smith is on the story. I loved hearing this yesterday. Absolutely. The road to oscars is on. It's begun. And this morning, we're learning that the academy secured ellen just 48 hours before the announcement. One of the academy members said they pitched to ellen on wednesday. She approved the deal immediately. And ellen took the job next morning. No drumroll or dramatic pause preceded this oscar announcement. Instead, a tweet posted by ellen DeGENERES TO HER 21 MILLION Followers. Reading, it's official. I'm hosting the oscars. I'd like to thank the academy. My wife, portia, and there goes the orchestra. Ellen has a love of cinema. She seems friendly and familiar. I think that work she does with her audience on her daytime show and the kind of interviewing she does, makes her a really good fit for this. Reporter: Degeneres joins steve martin, whoopie goldberg and billy crystal as a repeat emcee of the king of all award shows. But she has a long way to go if she wants to top bob hope's 18 times. This is hollywood's most exciting giveaway show. Her friendly charge and jabs and self-deprecating jokes, winning over the crowd that she first hosted in 2007. This has been a dream of mine since I was a little girl. Reporter: The world waits with bated breath to see how she will top the star-studded skits. Pitching scripts to martin scorsese. And posing for picks with clint eastwood. Do you mind? Reporter: And giving directions to steven spielberg. Make it more even on both sides. Reporter: That bringing gold for the academy, with nearly 40 million viewers pane a daytime talk show host, sweeping up an emmy nod, for hollywood's biggest prime time event. She has knowledge and intelligence and class and affection. All the reasons I'm a big fan of the decision. Ellen's big announcement via twitter has raked in 18,000 retweets and 18,000 favorites. The oscars will take over the HEART OF HOLLYWOOD, MARCH 2nd, 2014. I can't believe preparations have begun. seth MacFarlane was

This transcript has been automatically generated and may not be 100% accurate.

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