Chris Rock will host the 2016 Academy Awards

It's official: Chris Rock will host the 88th annual Academy Awards ceremony.

There's no great surprise here — on Tuesday, numerous trade outlets reported that Rock was in serious talks to host, with a formal announcement expected shortly.

Chris Rock previously hosted the Oscars in 2005, earning mostly strong reviews from critics — but a bizarre rebuke from Sean Penn, who objected to a gag about his All the King's Men co-star Jude Law:

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The 88th annual Academy Awards will be held on February 28, 2016.