STAGE TUBE: Producer Adam Shankman Auditions Dancers For This Year's Oscar Awards Show

Academy Awards Producer Adam Shankman shared a peek inside the Oscar dance auditions. He goes on to say that he believes this years Oscar show will return to "more comedy, emotional moments, some great musical moments, and a real celebration of the biggest box office year in Hollywood history."

Shankman made his own debut as an Oscar dancer twenty years ago.

The 82nd Annual Oscar show will be broadcast on March 7th, with nominations announced Feb 2nd.

Steve Martin and Alec Baldwin will serve as co-hosts of the 82nd Academy Awards. This will be Martin's third time hosting the Oscars and Baldwin's first.

Martin hosted the 73rd and 75th Academy Awards shows, earning an Emmy nomination for the first stint. He has also served as a presenter on the show several times, most recently at the ceremony in February when he appeared with Tina Fey. He is currently touring with the bluegrass band Steep Canyon Rangers in support of his latest album "The Crow: New Songs for the Five String Banjo." In 1977 and 1978 Martin won Grammys for Best Comedy Recording. He earned a third Grammy in 2001 in the Best Country Instrumental Performance category. In 2007 Martin earned a Kennedy Center Honor.

Baldwin was nominated for an Academy Award in 2003 for his supporting role in "The Cooler." That year also marked his most recent appearance as a presenter on the show. Baldwin currently stars as Jack Donaghy on the comedy "30 Rock," a role for which he has won two Emmys (in 2008 and 2009). Baldwin earned a Tony nomination in 1992 for his performance in "A Streetcar Named Desire."