By Lindsay Lowe | (staff@latinospost.com) | First Posted: Jan 30, 2013 02:27 PM EST

Barbra Streisand will perform at the Academy Awards on Feb. 24 for the first time in decades, producers announced Wednesday.

"In an evening that celebrates the artistry of movies and music, how could the telecast be complete without Barbra Streisand?" producers Craig Zadan and Neil Meron said in a statement provided by Reuters. "We are honored that she has agreed to do a very special performace on this year's Oscars."

It has not yet been revealed how Streisand, 70, will appear in the show, or what she will sing.

Streisand has won two Oscars, Reuters reports: "One for best actress in Funny Girl and another for best original song, "Evergreen" from her 1976 vehicle A Star is Born."

She performed "Evergreen" at the 1977 Oscars, but has not been seen on stage at the Academy Awards since.

Streisand is one of Hollywood's rare 'EGOT's---meaning she has won an Emmy, Grammy, Oscar and Tony Award. She was also "the first American woman artist to receive credit as writer, director, producer, and star of a major feature film, Yentl," according to Playbill.

At this year's Oscars, Streisand will join previously confirmed singers Norah Jones and Adele on stage, the New York Times reports.

Related: Best-Dressed at the SAG Awards 2013 - Stunning Red Carpet Looks from Nicole Kidman, Sarah Hyland

Most recently, Streisand starred in The Guilt Trip as an overbearing mother accompanying her son, played by Seth Rogen, on a cross-country road trip.

The Film Society of Lincoln Center announced recently they will honor Streisand's work as an actress, film director, and producer with the prestigious Chaplin Award. Previous Chaplin Award recipients include Alfred Hitchcock, Elizabeth Taylor, Marin Scorsese, Meryl Streep, and Catherine Deneuve. 

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