This will be the comedian's second time hosting the Oscars. He previously hosted the 77th Academy Awards in 2005.
The 88th Academy Awards will air at 7 p.m. ET on Feb. 28, 2016 on ABC. Nominations will be announced on Jan. 14.
Get real-time updates as this story unfolds. To start, just \"star\" this story in ABC News' phone app. Download ABC News for iPhone here or ABC News for Android here.
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