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Oscar week is well underway and co-hosts Anne Hathaway and James Franco are spilling some details from the upcoming show to The Hollywood Reporter.

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Spoiler Alert!

The opening montage of the Oscars will be a trip back in time through movie history using a “virtual set” with Anne and James leading the way.

Anne revealed she said “no” when she was asked to host, but reconsidered with James was on board.

“Much like James, I initially had a knee-jerk reaction, which was ‘no.’ I just focused on all the ways it could go wrong. But Bruce (Cohen) was a bit craftier than I had realized because while I was hosting SNL (in November), while I was loving the idea of hosting something and doing the song-and-dance thing, Bruce came back and said, ‘We have James Franco.’ He’s so brave and so willing to make unconventional choices, Anne explained to THR. “All the ways I was worried about it going wrong, it wouldn’t go wrong in any of those ways. It could go wrong in entirely new ways.”

But they are taking their co-hosting jobs seriously and have been prepping by watching old shows, the nominated movies and working on their comedic timing.

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Ricky Gervais made some enemies at the Golden Globes. And at the 2005 Oscars, Chris Rock singled out Jude Law and did a whole bit on how he was in every movie. A lot of people think it hurt Law’s career,” THR said. “Any zingers planned?”

“I hope Chris Rock never says that about me. I can guarantee that if you’re looking for someone to call people out, we’re not your hosts,” Anne said. “I think that humor is really difficult to pull off, and I’m not particularly adept at it. I wouldn’t feel comfortable doing it.”

“Also, I don’t mean to sound overly serious, but I am the youngest host in history and I have no business being cynical or calling anyone out,” she added. “I certainly haven’t earned the right to do that.”

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But James will try to keep things lively with his recently activated Twitter account.

“I’m still learning how to do all that,” he said when asked if he’ll Tweet during the show. “Yeah, it might be fun.”

And what are the host’s favorite movie moments from this year?

“For me, the last 10 minutes of Toy Story 3,” Anne said. “I just cried like a baby.

Jeremy Renner in The Town. He’s so awesome,” James said. “He’s so chilling and so convincing.”

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