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Some source reported that On Wednesday, James Franco posted a 19-second clip of he and his Academy Awards co-host Anne Hathaway reenacting the iconic carnival scene ("You're The One That I Want") from 1978's Grease. No word if the scene will make it into Sunday’s telecast.
Franco and Hathaway appear on the cover of the latest THR and dish about what they have in store for the show. Hathaway said that she think is really difficult to pull off, and she's not particularly adept at it. and she wouldn't  feel comfortable doing it. "Also, I don't mean to sound overly serious, but I am the youngest host in history and I have no business being cynical or calling anyone out. I certainly haven't earned the right to do that." Hathaway added.