02/21/2013 09:46 am ET Updated Feb 21, 2013

James Lipton: Oscars Live Blog Will Appear On AOL.com (VIDEO)

James Lipton, the venerable host of "Inside the Actors Studio," will live blog the 85th annual Academy Awards for AOL on Sunday, Feb. 24. Lipton's thoughts on the Oscars will appear on AOL.com; The Huffington Post will feature its own live blog -- as well as a full complement of Oscar coverage -- at HuffPost Entertainment.

Lipton made the announcement in a special video message (watch above).

The 86-year-old is dean emeritus and founder of The Actors Studio Drama School at Pace University in New York. His show, "Inside the Actors Studio," debuted in 1994 and has run for 19 seasons and over 290 episodes. (Many famous actors have appeared on "Inside the Actors Studio," including Robert De Niro, Tom Hanks, Sean Penn, Bruce Willis and Barbra Streisand.) Lipton ends each 90-minute interview by asking his guests 10 personality questions by Bernard Pivot ("What your favorite word?" and more).

Lipton is famous for his stack of blue cards, which was memorably spoofed by Will Ferrell on "Saturday Night Live." The host explains the construction of his signature stack in the video above.

For more on Lipton's live blog duties, head over to AOL.com. The 85th annual Academy Awards are set for Feb. 24; HuffPost Entertainment will kick-off coverage of the red carpet festivities starting at 5:30 p.m. EST.

Oscar Nominees 2013