Following yesterday's report that Chris Rock was in "serious talks" to host the 88th Academy Awards , producers David Hill and Reginald Hudlin have confirmed the popular stand-up comedian has indeed been selected.

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"Chris Rock is truly the MVP of the entertainment industry," the pair of producers said in their announcement statement. "Comedian, actor, writer, producer, director, documentarian – he’s done it all. He’s going to be a phenomenal Oscar host!"Rock also commented on his role as emcee, saying, "I'm so glad to be hosting the Oscars. It's great to be back."This isn't the first time Rock has hosted the Oscars, having also led the 77th awards show back in 2005. Oddly enough, there was no mention of a second host, despite the fact that Hill announced a few months back the Oscars would have two hosts this year The 2016 Oscars will air on ABC on Sunday, February 28, at 7PM ET, 4PM PT.

Alex Osborn is a freelance writer for IGN. You can follow him on Twitter