Guess who's coming back to host the Oscars? Wait for it…Ellen DeGeneres!

On Friday's edition of Live From E!, Catt Sadler, Marc Malkin and Will Marfuggi discussed the special announcement that had pop culture fans smiling from ear to ear.

The panel agreed that DeGeneres will prove once again that you don't have to have movie experience to be a great Oscar host. As long as you bring the laughs, we'll be happy!

The prestigious awards show will air live on ABC March 2, 2014.

Chelsea Lately, Lindsay Lohan


Also on today's show, Lindsay Lohan continued to keep busy after rehab. Just days after completing her court-ordered stay, the actress taped her Chelsea Lately episode.

According to a source close to production, Lohan arrived on time, looking better than ever, and was a constant professional.

In a preview clip just released, Lohan shows off her comedic chops when discussing Harry Styles. Watch the complete episode Monday night at 11 p.m. on E!

Demi Lovato, Paulina Rubio, Kelly Rowland, Simon Cowell, TCA

Frank Micelotta/FOX

Finally, the panel updated us on Simon Cowell's baby-mama drama. (Well put, Catt!)

At Thursday's X Factor panel held at the TCAs, Cowell was asked about his baby news. His response, however, left us wanting more. "Sorry. Unfortunately, I have to keep this private for the moment," Cowell told reporters. "It's just one of those things, but thank you anyway."

Fellow judge Kelly Rowland was a little less quiet when it came to the news. "I think Simon will be a wonderful father," she told E! News. "He'll be a classic father figure."

Be sure to check us out every day at 12:30 p.m. ET/9:30 a.m. PT! And don't forget to follow us on Twitter @LiveFromE and hit us with your questions using the #LiveFromE hashtag.

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