This will be the duo's first involvement with the Academy Awards, which will air live Feb. 24, 2013.
"Craig and Neil are forward thinkers who bring a unique perspective to the Oscar show," Koch said in a statement. "Their enormous collective talent, coupled with their love of film, serves our show perfectly."
"We are very excited to collaborate with Hawk and everyone at the Academy to produce this year's Oscars," added Zadan and Meron. "We hope to utilize our experience in producing features, TV, and theater to bring something fresh and special to this incredible awards show. When we filmed 'The Bucket List,' we made our own personal bucket list, and producing the Oscars was #1. It's truly a great honor."
Zadan and Meron served as executive producers on the 2002 Best Picture winner "Chicago," which won Oscars in 6 of the 13 categories in which it was nominated. Their credits include the features "Footloose (2011), " Hairspray" and "The Bucket List." Zadan also produced the original " Footloose" (1984). Zadan and Meron's work in television includes the series "Smash" and such movies as "A Raisin in the Sun" and the upcoming "Steel Magnolias." For Broadway, they recently produced the Tony Award-winning revivals of How to Succeed in Business Without Really Trying and Promises, Promises. Their work has amassed 73 Emmy nominations; 12 Tony nominations; and seven Grammy nominations.
The 85th Academy Awards will be held at the Dolby Theatre at Hollywood and Highland Center in Hollywood, and will be televised live by ABC.