Oscars: James Franco, Anne Hathaway Open Show With Movie Spoofs

The Oscars kicked off Sunday with a series of scenes from several of this year's best picture nominees that were altered to include show co-hosts James Franco and Anne Hathaway.

The duo spoofed movies including Inception, The King's Speech, True Grit, The Fighter, Black Swan and The Social Network -- as well as the 1985 film Back to the Future.

The overall theme had a "dream" theme a la Inception -- addressing Franco and Hathaway’s “dream” hosting the Oscars -- including a scene on an airplane in which previous Oscar co-host Alec Baldwin pops up and an elevator ride featuring Morgan Freeman, who said: "Alec likes me to narrate his dreams. He says I have a soothing voice."

Toward the end of the opening, Franco and Hathaway bump into Baldwin again after exiting the elevator, who tells them: "If this were my dream, I'd be hosting the Oscars again. You just got incepted! I've already planted everything in your mind that it takes to host the Oscars."

After they depart, Baldwin and Freeman quip that they have "no idea" who Franco and Hathaway are.

The co-hosts then take off in a DeLorean time machine straight out of Back to the Future and head the Oscars after this exchange:

Franco: "Academy Awards here we come."

Hathaway: "Oh really, we have a time machine and you want to go to the present? Well, it's your dream."

Franco: "No, Anne, it's our dream."