James Franco, 32, and Nicole Kidman, 43, are formalizing plans to appear on Broadway in a revival of Sweet Bird of Youth next fall.
The play, penned by Tennessee Williams in 1959, follows a drifter using an aging movie star to break into film. David Cromer is set to direct, while movie mogul Scott Rudin will produce.
Both Kidman and Franco are currently up for leading actor Oscars (for Rabbit Hole and 127 Hours respectively), and he will host the February 27 telecast.
Kidman already has a best actress statue for her performance as Virginia Woolf in 2002's The Hours, which Rudin produced.