Venus and Serena Williams announced as Oscars presenters

WATCH: Tennis Channel Live discusses King Richard's Oscar Nominations

As King Richard sweeps award show after award show, Venus and Serena Williams are gearing up for one more victory lap at this weekend’s Academy Awards. And this time, they’ll be front and center after being announced as presenters at the Oscars.

With King Richard racking up six Oscar nominations, Venus and Serena have been a staple at red carpets and award shows throughout the season in support of the film based on their life. At the Academy Awards, they will join a star-studded group of presenters, including Jake Gyllenhaal, Lupita Nyong’o, John Travolta, Mila Kunis, Lady Gaga, Chris Rock and more.

The event will be hosted by Wanda Sykes, Regina Hall, and Amy Schumer.

It won’t be their first stint as presenters, as Venus and Serena have already had some practice during this award season. The pair were recently on stage at the Critics Choice Awards to present the award for Best Drama to the cast of HBO’s Succession. The pair were in attendance to support Smith, and they celebrated when he won Best Actor for his role in King Richard.

“Thank you for entrusting me with your story,” Smith said during his acceptance speech. “What you were able to do, and what your family was able to do, inspired everyone in this room, everyone in this country and everyone around the world

“You all define the American dream. You represent the best of what we all hope this world and this country can be.

Venus and Serena, along with their sister Isha Price, are executive producers of King Richard, a biographical drama based on the life of their father, Richard Williams, who famously turned his daughters into tennis champions. The film’s title character is played by Smith, whose performance has been hailed as one of the best of the year.

He’s already taken home 10 Best Actor or Outstanding Performance awards, including his first Golden Globe and SAG awards in that category. Smith has been widely tipped to take home his first Oscar as well, a category he’s been nominated in alongside Javier Bardem (Being the Ricardos), Benedict Cumberbatch (The Power of the Dog), Andrew Garfield (Tick, Tick... Boom!) and Denzel Washington (The Tragedy of Macbeth).

The Academy Awards will take place on Sunday, March 27 in Hollywood’s Dolby Theatre.