Rock will be hosting the star-studded event for the second time, having hosted the Oscars in 2005. He said, "I'm so glad to be hosting the Oscars. It's great to be back."
In case you don't remember Rock's monologue in 2005, watch it!
Producers David Hill and Reginald Hudlin added in a statement, "Chris Rock is truly the MVP of the entertainment industry. Comedian, actor, writer, producer, director, documentarian – he's done it all. He's going to be a phenomenal Oscar host!"
Mark your calendars — the 88th Academy Awards will be held on Sunday, February 28, 2016, at the Dolby Theatre in Hollywood. The show will be televised live by ABC at 7 p.m. ET/4 p.m. PT.