The Rush Hour series director, who is also known for X-Men: The Last Stand and Tower Heist, was chosen by AMPAS president Tom Sherak to take charge of the 84th Academy Awards alongside last year's co-producer Don Mischer.
Ratner told The Wrap that he hopes he is not tainted with the same bad luck as Allan Carr, whose LA house he now lives in. Carr famously produced a critically panned Oscars show in 1989.
"I hope that's not a curse," he said. "I think Allan is probably up there laughing and saying, 'I hope you learned from my mistakes.'"
Ratner revealed that he has "some names in the back of [his] mind" for who might host the awards show, but said that he has not had the chance to discuss it with Mischer yet.
He also insisted that "comedy is the key" for the event, adding: "If people can sit in that theatre and laugh, and people can watch at home around the world and laugh, then I've accomplished what I want to do. The [ratings] will be what they are."
Mischer has also revealed that he is "very very excited" to be working with Ratner because he "radiates ideas" and is "immersed in the film business from so many angles".
This year's Academy Awards ceremony was hosted by Anne Hathaway and James Franco.
The Dark Knight Rises actress later said that she had no regrets about accepting the job despite the fact that the pair received poor reviews.
Watch a clip of James Franco and Anne Hathaway opening the 83rd Academy Awards below: