#Oscars: Beatty, Dunaway to present Best Picture Award despite 2017 fiasco

How to avoid another Oscar mistake

Oscars stars caught in epic name mix-up 'to return to this year's bash'

It was the second time he had directed the epic show, and everything was running smoothly until the final award of the night: best picture.

According to TMZ's sources, the pair will return to present the award, which was famously botched a year ago. Head here see the highlights from the 2017 Oscars.

Lest we forget: after walking up to the podium and opening the envelope at a glacial pace at the end of the four-hour awards show, Beatty appeared confused after opening the envelope.

TMZ is reporting that the pair has been given a second shot at handing out the award after the epic mix-up past year saw them accidentally announce the wrong name.

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It has also told secured lenders it was in discussions with lenders for debtor-in-possession financing as it weighed options. Investigators have also seized a number of properties from the two, including jewellery and luxury cars.

Last year's presentation, of course, went down in infamy.

Legendary: Faye, 76, and Warren, 80, returned to the spotlight at last year's Academy Awards for a Bonnie and Clyde reunion, to celebrate the 50th anniversary of the film. You know what I'm talking about: the La La Land/Moonlight mix-up. Then, producer Jordan Horowitz corrected the record, telling the the audience there had been a mistake and that Moonlight had won the award. However, neither Hollywood star was sweating the mistake afterward.

Oscars insiders have claimed that Faye and Warren have returned to the Dolby Theatre to rehearse the moment and ran through their lines very quickly - but twice to make sure. "I thought he was stalling". "There was something wrong". Well, perhaps round 2 will go differently!

The company might have been sacked outright, but PricewaterhouseCoopers and the Academy have an 84-year-long history, making the disentanglement of the two entities nearly impossible. Faye Dunaway and Warren Beatty - will be returning to the Awards this year and are being given a second chance to get the Best Picture reveal right. "I opened the envelope and it said Emma Stone, La La Land".

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