"I look forward to collaborating with Bill to celebrate the world's collective love of movies and provide a fun escape from the difficult times we're living in. Simply put, there is no show like the Oscars, and I am thrilled to be a part of our industry's most treasured tradition."
The 82nd Academy Awards will be presented on March 7, and the gig represents the first time either Shankman or Mechanic have produced the ceremony's telecast.
"I couldn't be happier to have this talented team on board," said Academy of Motion Picture Arts and Sciences President Tom Sherak.
"I've known Bill for many years, so it's like putting Oscar in the care of a dear friend. Bill has a tremendous love and respect of film and will draw from his vast experience as a producer, a studio executive and a film historian to help make this year's Oscar telecast a memorable one. And Adam's experience in producing, directing and especially choreography will be a huge asset to the production."
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