Will Ferrell and Zach Galifianakis are the latest celebrities to be named as presenters for the 2012 Academy Awards.
This will mark the first time Galifianakis, known for the R-rated comedy "Hangover" film franchise, will appear on stage at the Oscars and the fourth such presenting stint for Ferrell.
At the 2007 Academy Awards, he and fellow funnyman Jack Black showcased their singing skills with a song mocking boring Oscar acceptance speeches often given by winners (see video, below). Ferrell was also an Oscar presenter in 2006 and 2004.
Ferrell and Galifianakis recently filmed the movie "The Campaign" together and have collaborated on other comedy projects before. Ferrell, the co-creator of the "Funny Or Die" online comedy video portal, has also starred in and produced Galifianakis' web talk series "Between Two Ferns" (see video - warning: Contains explicit content)
Galifianakis also recently appeared in the 2011 movie "The Muppets," whose main stars, Kermit and Miss Piggy, are also set to present awards at the 2012 Oscar ceremony.
Other presenters include Michael Douglas, Tina Fey, Halle Berry, Bradley Cooper, Chris Rock, Tom Cruise, Penelope Cruz, Cameron Diaz, Tom Hanks, Angelina Jolie, Rose Bryne, Milla Jovovich, Ellie Kemper, Jennifer Lopez, Melissa McCarthy, Wendy McLendon-Covey, Maya Rudolph, Ben Stiller, Kristen Wiig and Emma Stone.
Cirque du Soleil will also debut an exclusive performance at the ceremony. It will feature the largest Cirque cast ever assembled for a single act and will be accompanied by music from Oscar-nominated composer Danny Elfman. This will mark the second time Cirque du Soleil has performed during an Academy Awards telecast.
Check out Oscar.com and make your picks on who you think will win at this year's Academy Awards. Also check out Entertainment Weekly writer Dave Karger's Oscar Poll Insight below, where he gives tips to win your Oscar pool.
Leading up to the ceremony, "On The Red Carpet" co-host Rachel Smith will be doing interviews with hair and fashion stylists and makeup artists for the "Best Dressed" video series featured on Oscar.com.
OnTheRedCarpet.com will have complete coverage of the Oscar season.
Before the ceremony, "On The Red Carpet" will be streaming LIVE online from our exclusive spot directly over the red carpet. The show will feature cameras all over the red carpet (including the fashion cam), and even behind the scenes, to give you all the best views of Oscar Sunday. Plus, your Facebook comments, Tweets and Google + reactions will be part of our show! Just use the hash tag #OTRC.
The show will be hosted by Lawrence Zarian, a TV personality and style expert who has been a regular on "Live with Regis and Kelly" (now, "Live with Kelly") for many years, and Tina Malave, host of KABC-TV show "Eye on LA."
Mondo Guerra from season 8 of "Project Runway," will also stop by to dish about fashion. We'll also stay posted on what viewers are buzzing about with our "Red Hot. Right Now." social chart revealing the latest trends.
Follow @OnTheRedCarpet on Twitter and "Like" On The Red Carpet on Facebook, and download our FREE entertainment news app for the iPhone and iPad
Also check out the FREE Oscars.com app.
It's now available online in the iTunes App Store. The official app of the Academy Awards gives movie fans the most exclusive, interactive Oscar Night experience ever.
Not only can you make your Oscar picks, you can even compete with friends on Facebook. On Oscar Sunday, users play along during the show and predict category winners ahead of the opening of the envelopes. The app will refresh and calculate your results as categories are won.
(Pictured above: Zach Galifianakis feeds Will Ferrell a strawberry during an interview on his Funny Or Die web series "Between Two Ferns" in 2011.)