Steve Martin, Alec Baldwin to co-host Oscars

The 82nd Academy Awards will get into the buddy act with Steve Martin and Alec Baldwin.

Oscar telecast producers Bill Mechanic and Adam Shankman announced Tuesday that "the team of Steve and Alec are the perfect pair of hosts for the Oscars. Steve will bring the experience of having hosted the show in the past and Alec will be a completely fresh personality for this event."

In true comedic form, Martin quipped, "I am happy to co-host the Oscars with my enemy Alec Baldwin."

Baldwin also added, "I don't play the banjo but I'm thrilled to be hosting the Oscars -- it's the opportunity of a lifetime."

Teaming Martin and Baldwin up could bode well for the telecast. Not only are they starring opposite each other in the upcoming romantic comedy "It's Complicated," but they rank at No. 1 (Martin with 15 shows) and No. 2 (Baldwin with 14) for hosting "Saturday Night Live" the most times.

Baldwin is currently starring in the Tina Fey comedy "30 Rock," while Martin, who's hosted the Oscars twice, is currently touring with with the bluegrass band Steep Canyon Rangers in support of his latest album "The Crow: New Songs for the Five String Banjo."

The 82nd Academy Awards will be telecast on ABC from the Kodak Theatre in Hollywood on Sunday, March 7.

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