At 63 years old, the comic actor will host the illustrious ceremony for the ninth occasion, stepping in after Eddie Murphy, the original choice, withdrew.
He humorously commented that this star-studded role would enhance his visibility.
On Twitter, he stated: “Am doing the Oscars so the young woman in the pharmacy will stop asking my name when I pick up my prescriptions. Looking forward to the show.”
This marks the first time since 2004 that the Analyse This star will host the Oscars.
Academy president Tom Sherak expressed his excitement, saying: “I’m thrilled to welcome Billy back to the Oscar stage. He’s a comic legend and Oscar icon, and it feels good to have him back where he belongs.”
Eddie, the comedian, chose to step down following the exit of producer Brett Ratner, who resigned after making homophobic remarks during an interview about the show.
Brian Grazer has taken over as producer alongside Don Mischer for the awards ceremony.
He expressed his enthusiasm for Billy’s return, stating: “Like so many others, I’ve been eager to see Billy host again. It’s very gratifying that he agreed to do it with Don and me at the helm.”
Earlier this year, Billy remarked that his cameo at last year’s Academy Awards, which were hosted by Ann Hathaway and James Franco, left him feeling “itchy,” and he was contemplating giving hosting another chance.
He commented: “It’s always fun. It’s really hard, but maybe one or two more times? I don’t know. They know where I am.”
While this will be his ninth appearance as host, Billy has yet to surpass the record for the most frequent frontman.
Bob Hope holds the record with 19 ceremonies hosted between 1940 and 1978.
