VIDEO: Chris Rock Compares the Academy Awards to New Year's Eve in First Promo

Chris Rock returns to host the 88th Oscars in 2016, and he's pretty sure the ceremony might look familiar. In a new commercial for the Academy Awards, Rock says, "Much like New Year's Eve, it'll be a night that ends with a lot of drunk, disappointed people swearing they'll do better next year." Watch the whole thing below!

The highly-anticipated 2016 Academy Award nominations will come out on January 14, and you can view the list on BroadwayWorld the moment they're released. Keep checking BroadwayWorld for up-to-the-minute Oscars scoops this season!

Announced back in October by producers David Hill and Reginald Hudlin, the multi-hyphenate artist and filmmaker is returning to host the 2016 Academy Awards for the second time live Oscar Sunday, February 28th 2016 on ABC. Oscar fans will remember that Chris hosted once before in 2005 and now he's ready to return to the stage stating, "I'm so glad to be hosting the Oscars. It's great to be back."

"Chris Rock is truly the MVP of the entertainment industry," said Hill and Hudlin. "Comedian, actor, writer, producer, director, documentarian - he's done it all. He's going to be a phenomenal Oscar host!"