"Craig and Neil have the overwhelming support of the academy's governors to produce the Oscars again in 2014," Academy President Hawk Koch said in a statement Wednesday. "In order to establish continuity with this year's enormously successful show, we felt it was important to give these consummate professionals the green light now to begin creating another great evening."
"We are very honored to have been asked to return as Oscar producers for a second year," Zadan and Meron said in a statement. "We look forward to creating a distinctive and entertaining show."
"Craig and Neil have great relationships, a sense of showmanship, and a passion for our academy," Chief Executive Officer Dawn Hudson said. "And they're a pleasure to work with. All perfect qualities for our show."
The Academy Awards or Oscars show, honoring 2013's best in film, is to air live on ABC March 2.
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