Murphy, an Oscar nominee himself (Dreamgirls), was handpicked by producer Brett Ratner to host the show, which is slated to air Sunday, February 26th.
“Eddie is a comedic genius, one of the greatest and most influential live performers ever,” said Ratner in a statement. “With his love of movies, history of crafting unforgettable characters and his iconic performances – especially on stage – I know he will bring excitement, spontaneity and tremendous heart to the show Don [Mischer] and I want to produce in February.”
“I am enormously honored to join the great list of past Academy Award hosts from Hope and Carson to Crystal, Martin and Goldberg, among others,” said Murphy in the same statement.
According to Deadline, Murphy’s Hollywood agency WME sees his hosting gig as an opportunity to kick-start the actor’s “dormant career.”