Oscars producers Craig Zadan and Neil Meron are pulling out the musical stops for this year’s telecast. They’ve already booked Adele to sing the nominated theme from Skyfall for the first time live, have Norah Jones singing the nominated “Everybody Needs A Best Friend” from Ted and are planning a tribute to musical films of the past decade. They’ve now announced that Barbra Streisand will perform at the Oscars for the first time in 36 years. The two-time Oscar-winner and three-time nominee last sang on the show in 1977, performing “Evergreen,” the love theme from A Star Is Born, which went on to win the Oscar that same night. No word yet on what her “very special performance” on February 24 will entail. Here’s the release:

BEVERLY HILLS, CA – Two-time Academy Award® winner Barbra Streisand, who has sung on the Oscars only once before, will perform on the upcoming Oscar® telecast on February 24. Streisand last sang the love theme from “A Star Is Born” on the March 28, 1977 show, winning the Best Original Song Oscar for “Evergreen” that same night.

“In an evening that celebrates the artistry of movies and music,” said producers Craig Zadan and Neil Meron, “how could the telecast be complete without Barbra Streisand? We are honored that she has agreed to do a very special performance on this year’s Oscars, her first time singing on the show in 36 years.”

Streisand won her first Oscar for Best Actress in “Funny Girl” (1968), and was nominated again in 1973 for her lead performance in “The Way We Were.” She was also nominated for producing the Best Picture nominee “The Prince of Tides” (1991), which she also directed, and for co-writing the original song “I Finally Found Someone” from “The Mirror Has Two Faces” (1996).

Oscars for outstanding film achievements of 2012 will be presented on Oscar Sunday, February 24, at the Dolby Theatre™ at Hollywood & Highland Center®, and will be hosted by Seth MacFarlane live on the ABC Television Network. The Oscar presentation also will be televised live in more than 225 countries worldwide.