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VIDEO: Ellen DeGeneres Shares the Potential Pros & Cons of Hosting THE OSCARS

As previously announced, daytime television's Ellen Degeneres is set to host the 2014 Oscars - in her opening monologue featured on today's broadcast, the comedian shared the pros and cons of the notoriously difficult gig. Check it out below!

DeGeneres previously hosted the 79th Academy Awards in 2007, for which she received a Primetime Emmy nomination for "Outstanding Individual Performance in a Variety or Music Program."

DeGeneres has made a home for herself in daytime with her hit Syndicated talk show, "The Ellen Degeneres Show," which has earned a total of 45 Daytime Emmys during its 10 seasons.

DeGeneres' began her career as an emcee at a local Comedy Club in her hometown of New Orleans. Her acting career in television included roles in several successful sitcoms before Being offered a part on "These Friends of Mine" by ABC. After the first season, the show was renamed "Ellen." Running from 1994 to 1998, the show garnered record ratings, with DeGeneres receiving Emmy nominations each season in the Best Actress category. In 1997, DeGeneres was the recipient of the coveted Peabody Award as well as earning an Emmy for writing the critically acclaimed "Puppy Episode" when her character came out as a gay woman to a record 46 million viewers.

DeGeneres has also been successful in her feature film work. DeGeneres scored unprecedented popular and critical response to her character, Dory, the fish with extreme short-term memory, in the blockbuster Pixar animated feature "Finding Nemo." DeGeneres recently announced the highly anticipated sequel to "Finding Nemo," Disney-Pixar's "Finding Dory," currently scheduled to be released in November 2015.

Academy Awards for outstanding film achievements of 2013 will be presented on Oscar Sunday, March 2, 2014, at the Dolby Theatre at Hollywood & Highland Center and televised live on the ABC Television Network. The presentation also will be televised live in more than 225 countries and territories worldwide.

VIDEO: Ellen DeGeneres Shares the Potential Pros & Cons of Hosting THE OSCARS

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