By Hillary Busis
Updated January 30, 2013 at 03:05 PM EST

Hello, gorgeous.

Though Barbra Streisand has won two Academy Awards, she’s only performed at the ceremony once — nearly four decades ago. But today, the Academy of Motion Picture Arts and Sciences revealed that Streisand will sing at this year’s Oscars telecast on Sunday, Feb. 24. “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. “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 joins a slate of musical performers that already includes Adele, who will perform Skyfall‘s Oscar-nominated title song, and Norah Jones, who will perform the Oscar-nominated “Everybody Needs a Best Friend” from Ted. Oscar host Seth MacFarlane co-wrote the latter tune; chances are good that he’ll also sing at some point during the evening. Tributes to movie musicals and the James Bond franchise, which celebrates its 50th anniversary this year, are planned as well.

When Streisand last took the stage at the Oscars in 1977, she performed “Evergreen,” the love theme from A Star Is Born; she won an Original Song award that same night. Here’s a clip of her performance:

Read more: