This will be DeGeneres' second time hosting the Oscars (she also hosted in 2007). "I am so excited to be hosting the Oscars for the second time. You know what they say - the third time's the charm," DeGeneres said in a statement.
She follows behind a slew of famous faces to take on the role including Billy Crystal, Jon Stewart, Johnny Carson, Whoopi Goldberg, James Franco and Anne Hathaway (to name a few). The 86th Academy Awards will air March 2, 2014.
What do you think? Is Ellen the right person for the job?