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"What a talented team," said Boone Isaacs.  "Mike and Jennifer have a great working relationship and a tremendous love and respect of film, and will surely draw from their vast experience to create an exceptional and unforgettable event for movie fans everywhere."LOS ANGELES, CA — Three-time Oscar^®-nominated producer Michael De Luca and Emmy^®-nominated producer Jennifer Todd will produce the 89th Oscars^® telecast, Academy President Cheryl Boone Isaacs announced today.  It will be their first involvement with the Academy Awards^®, which will air live on the ABC Television Network, and broadcast worldwide, on Oscar Sunday, February 26, 2017.

"We are deeply honored to produce the Academy Awards," said De Luca and Todd.  "We both revere the Oscars and grew up watching them each year with our families.  We are so humbled and grateful to be a part of this incredible legacy, and look forward to creating an exciting show that celebrates movies and the power they have to connect us all."

"We are thrilled to be working with Mike and Jennifer," said Academy CEO Dawn Hudson. "In our meetings, they shared an early vision for the show that is inspired and in keeping with the films they’ve produced: entertaining, unexpected and of the highest caliber."

"Mike and Jennifer have an intimate knowledge of the art of filmmaking. Their celebrated successes in storytelling will enhance the Oscar ceremony and capture the magic that sets the medium apart from any other," said Channing Dungey, President, ABC Entertainment.

De Luca earned Best Picture Oscar nominations for producing "Captain Phillips," "Moneyball" and "The Social Network."  He is credited on more than 60 films, including such features as "Fifty Shades of Grey," "Blow," "Magnolia," "American History X" and "Boogie Nights."  A former president of production at Sony Pictures, DreamWorks and New Line Cinema, De Luca is currently producing the last two films of the "Fifty Shades" trilogy for Universal, "Fifty Shades Darker" and "Fifty Shades Freed," which will be released in 2017 and 2018, respectively.

Todd is currently president of Pearl Street Films, the production company founded by Ben Affleck and Matt Damon, where she produced the upcoming film "Live by Night," due out December 25, and executive produced this year’s "Jason Bourne." Her other credits include such films as "Alice through the Looking Glass," "Celeste and Jesse Forever," "Alice in Wonderland," "Across the Universe," "Prime," "Memento," "Boiler Room," and the "Austin Powers" films. Todd earned an Emmy nomination for her work on the HBO television movie "If These Walls Could Talk 2."

The 89th Oscars will be held on Sunday, February 26, 2017, at the Dolby Theatre^® at Hollywood & Highland Center^® in Hollywood, and will be televised live on the ABC Television Network at 7 p.m. ET/4 p.m. PT.  The Oscars also will be televised live in more than 225 countries and territories worldwide.