Steve Martin and Alec Baldwin are teaming up to host the 82nd Academy Awards, Newsday has learned.

The duo will follow 2009 host Hugh Jackman, who announced last week that he would not return to helm next year’s ceremony. While Academy Award-nominated actor Alec is a first-time Oscar host, Steve hosted the 73rd and 75th Academy Awards.
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Hugh Jackman has turned down the chance to host the 2010 Academy Awards.

The Wolverine star, who did a wonderful job hosting last year’s ceremony, declined the chance to renew Oscar presenting duties, according to Variety.

Earlier reports had suggested that the 41-year-old has instead chosen to prepare for his next film Real Steel once his Broadway run in A Steady Rain wraps up.

The 82nd Academy Awards will take place on March 7, 2010.