Beatty and Dunaway famously bungled the announcement a year ago when they called out La La Land as the Best Picture recipient instead of the actual victor, Moonlight.
In their defence, it wasn't really the presenters' faults that they were handed the envelope for Best Actress which read "Emma Stone, Lala Land" instead of "Moonlight".
With this envelope in hand, Dunaway and Beatty read "La La Land" as the night's big victor rather than "Moonlight", the actual victor.
La La Land was infamously mistakenly announced as the top Oscar victor, only for confusion to reign and chaos to take hold before the record was righted and Moonlight was announced as the rightful Oscar champ in one of the most cringe-worthy live TV moments ever.
We hope you've recovered from that very bad Oscar's Best Picture drama of previous year because the Academy has recreated the flawless set-up for it to happen again.More news: Bruins acquire Nash, who could be in lineup in Buffalo today
TMZ reports that the writers are still putting finishing touches on their lines. "We couldn't have imagined that (envelope mix-up) before it happened, so you never know". The cast and crew stormed the stage, and the producers gave their acceptance speeches.
Accounting firm Pricewaterhouse Coopers was responsible for envelope mixup, and the firm has put new protocols into place to prevent further mistakes.
That is when Jordan Horowitz corrected the situation and said: "Guys guys I'm sorry.no. there is a mistake".
The 90th Academy Awards are underway on Sunday, March 4, 2018 in Los Angeles, California (that's Monday, March 5th here in Australia).
Working on the Emmy Awards, Tony Awards, American Music Awards, BET Awards, Super Bowl halftime show, and New Year's Rockin' Eve, Weiss thought he'd seen it all over a 30-year career.