“Craig and Neil have the overwhelming support of the Academy's Governors to produce the Oscars again in 2014," said Academy president Koch in a statement. "In order to establish continuity with this year's enormously successful show, we felt it was important to give these consummate professionals the green light now to begin creating another great evening."
"We are very honored to have been asked to return as Oscar producers for a second year," added Zadan and Meron. "We look forward to creating a distinctive and entertaining show."
“Craig and Neil have great relationships, a sense of showmanship, and a passion for our Academy,” said Academy CEO Dawn Hudson. “And they’re a pleasure to work with. All perfect qualities for our show."
The February 2013 Oscars hosted by Seth MacFarlane drew an average audience of 40.3 million total viewers and delivered a 13.0 rating among adults 18-49. The show was TV’s most-watched entertainment telecast in the last three years.
Zadan and Meron’s work in television includes the series "Smash" and such movies as “A Raisin in the Sun” and “Steel Magnolias.”
Their work has amassed 73 Emmy nominations, 12 Tony nominations and seven Grammy nominations.
The Oscars will be held at the Dolby Theatre at Hollywood & Highland Center in Hollywood, and will be televised live by the ABC Television Network.