Jimmy Kimmel will host the Oscars in 2018

Jimmy will host the show under the direction of Michael De Luca and Jennifer Todd who will both be returning to produce the show, as Cheryl dubbed the trio as the “Oscars Dream Team”.

Cheryl said in a statement released on Tuesday (16.05.17): "Jimmy, Mike and Jennifer are truly an Oscar Dream Team. Mike and Jennifer produced a beautiful show that was visually stunning. And Jimmy proved, from his opening monologue all the way through a finale we could never have imagined, that he is one our finest hosts in Oscar history.”

Jimmy also confirmed the news in his own statement, where he poked fun at the infamous mishap at this year’s show when the wrong winner was mistakenly read out for the coveted Best Picture award.

He said: "Hosting the Oscars was a highlight of my career and I am grateful to Cheryl, Dawn and the Academy for asking me to return to work with two of my favourite people, Mike De Luca and Jennifer Todd. If you think we screwed up the ending this year, wait until you see what we have planned for the 90th anniversary show!”

And he mentioned the mix up - which saw ‘La La Land’ read out as the winner instead of ‘Moonlight’ after presenters Warren Beatty and Faye Dunaway were handed the wrong envelope - when he took to Twitter to confirm the news.

Jimmy wrote: "Thanks to @TheAcademy for asking me to host The #Oscars again (assuming I opened the right envelope). (sic)”

Meanwhile, producers Michael and Jennifer dubbed the experience of working on the ceremony as “once-in-a-lifetime”.

They said in a joint statement: "It's not often you get two chances to have a once-in-a-lifetime experience and even more rare to be handed the keys to a party 90 years in the making. We always thought the idea that anything can happen on the Oscars was a cliché until we lived it."