"The Oscar Experience", Circle Cinema's annual Academy Awards party on the big screen, will feature a red carpet, photo ops, food and drinks, Oscar ballots and prize giveaways, with host Erin Christy leading the festivities, beginning with red-carpet introduction at 5:30 p.m. Sunday.
Cullinan and Martha Ruiz will not be returning to carry the ballots this year. "She began by saying, "Presenting is better the second time around".
"I do want to mention: This year, when you hear your name called, don't get up right away", he joked.
Giving Beatty and Dunaway another crack at the top job means that they might finally be honoured without the whiff of scandal or snafu, and it's sure to be a popular move from the Academy, who have said they wont shy away from talking about the mistake this year.
Beatty said: "It's so nice seeing you again".
The Bonnie and Clyde duo were caught in the middle of the most controversial moment to ever happen in the history of the Oscars a year ago. In a backstage mix-up, Beatty was handed the wrong envelope just before he went on stage.
During that time the Academy has taken steps to ensure that this very avoidable mistake will never happen again - by replacing the two accountants responsible for handing Beatty the wrong envelope and adding a third set of eyes to fully prevent another miscue.
The accounting firm that oversees Oscars votes, PricewaterhouseCoopers, later released a statement taking blame and apologising for the incident and has vowed that this year's show will go off without a hitch.
One of the key changes was visible on Sunday as awards were being presented.
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