Former 20th Century Fox and Disney chief Bill Mechanic and choreographer and Hairspray director Adam Shankman have been tapped to produce the live Academy Awards show next March 7, the Academy of Television Arts and Sciences announced Tuesday. In a statement, Shankman observed, "The last time I was on the show was as a dancer, and to come back as a producer is such an unbelievable honor." Mechanic said that he and Shankman hope to "build upon the best traditions from the great shows of the past while helping pave the way to the future."