This will be Hart's first attempt at emceeing the annual awards night.
"For years I have been asked if I would ever host the Oscars and my answer was always the same... I said that it would be the opportunity of a lifetime for me as a comedian and that it will happen when it's suppose to.
"I am so happy to say that the day has finally come for me to host the Oscars. I am blown away simply because this has been a goal on my list for a long time... To be able to join the legendary list of hosts that have graced that stage is unbelievable," Hart wrote alongside a picture of a golden Oscar statuette.
"I will be sure to make this Oscars a special one," he added.
Kimmel gave a shout-out to the comedian and tweeted, "Congratulations amigo - @TheAcademy made an excellent choice. You are going to kill it."
Hart has previously hosted award ceremonies like the BET Awards in 2011 and the 2012 MTV Video Music Awards.
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