Eddie Murphy Quits As 2012 Oscars Host
After producer Brett Ratner resigned earlier this week...
His departure coincides with Ratner leaving the production, after he made some controversial remarks during a Q&A session for his latest film Tower Heist - branding rehearsals as being "for f*gs."
Speaking in a statement, Murphy claimed: "First and foremost I want to say that I completely understand and support each party's decision with regard to a change of producers for this year's Academy Awards ceremony.
He added: "I was truly looking forward to being a part of the show that our production team and writers were just starting to develop, but I'm sure that the new production team and host will do an equally great job."
AMPAS president Tom Sherak, who supported Ratner before his resignation, stated: "I appreciate how Eddie feels about losing his creative partner, Brett Ratner, and we all wish him well."
Ratner has since apologised for his actions, stating he "deeply" regrets his comments and is "determined to learn from [the] experience".