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Billy Crystal is the New (Old) Oscar Host

Funnyman Crystal is all set to return for his ninth Oscar telecast.

In what has to be the single most dramatic week in the recent history of the Academy, in which they lost both their producer and their host in a matter of days, then arguably traded up by replacing Brett Ratner with Brian Grazer, and arguably traded sideways by replacing Eddie Murphy with Billy Crystal, one of the most popular Oscar hosts in history. Crystal returned to the ceremony for a brief segment last year, in which he upstaged both James Franco and Anne Hathaway with his signature, affable wit.

Deadline reports that the rumors are true: Billy Crystal will take over the hosting duties at this year's ceremony. While this doesn't do much for the Oscars' obvious efforts to appeal to young audiences, Crystal is at least a sure thing. Audiences know that he can do this particular job, so at least we can all sit back and enjoy ourselves for a change. Crystal hosted the ceremony eight times in the past, from 1990-1993, and in 1997, 1998, 2000, and 2004. The only person to host the Oscars more times than Crystal is the legendary Bob Hope, but Crystal has a long way to go to catch up: Hope hosted an epic 18 telecasts in his particuar stint.

Crystal tweeted about the news, stating, "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."

CraveOnline will be back with more Oscar news after we finish our pitch for Mr. Saturday Night 2.