Developments on the Academy Awards front are coming in fast and furious. First came word that Brett Ratner was resigning as Oscars producer in light of the controversial remarks he made during a "Tower Heist" public screening last weekend. Less than 24 hours later, Eddie Murphy dropped out as the show's host, leaving the biggest night in Hollywood without two of its most important creative pillars.

Well, at least one of those holes has now been filled: Imagine Entertainment co-founder Brian Grazer has been tapped to replace Ratner as producer of the 2012 Academy Awards.

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Eddie Murphy

And just like that, he's gone. Not even 24 hours after director Brett Ratner resigned as producer of next Feburary's Academy Awards amid controversy, host Eddie Murphy has stepped down as Oscars host. Whether Murphy would soldier on without Ratner became part of the discussion soon after the producer parted from the ceremony, and now the world has its answer.

No matter how you look at it, this is a disappointment. Whether Murphy had succeeded or failed, the comedy icon needed to answer the question once and for all: "Does Eddie still have it?"

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By John Mitchell

Brett Ratner is currently on some sort of apology tour after using an anti-gay slur during a question-and-answer session while promoting "Tower Heist." His latest atonement, following a formal apology and his resignation as producer of next year's Oscars, is, like Tracy Morgan before him, to team up with GLAAD to "convene public discussions featuring leaders in the entertainment industry about promoting fair and accurate inclusions of LGBT people and stories."

"When we sat down with Brett today, he seemed very sincere in his desire to use this experience as a way to begin speaking out against anti-gay language in popular culture,” Herndon Graddick, GLAAD's senior director of Programs and Communications, said in a statement.

That's all well and good and, of course, it's admirable that he's taking some responsibility for saying something as foolish as "Rehearsal is for f**s." But come on. Why is no one calling this guy out on all the other things he's been saying that he should be apologizing for? Namely the misogynistic and racist remarks he made about Olivia Munn and Lindsay Lohan.

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Brett Ratner

After a torrential downpour of indefensible comments, Brett Ratner apologized and stepped down as the producer of the 2012 Academy Awards telecast. In his official apology, the director went on to explain that he understands that his behavior has been inappropriate and that he is making strides to change his behavior in the future.

Ratner's apology is a step in the right direction. But here at Movies Blog, we'd like to see the "Tower Heist" filmmaker go the extra mile and apologize for a few other things he forgot to check off his list of offenses.

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FROM MTV MOVIES: In a move that falls right in line with the old adage "actions speak louder than words," director Brett Ratner has stepped down as producer of the 2012 Academy Awards.

Ratner submitted his resignation to the Academy of Motion Picture Arts and Sciences, the organization in charge of the Oscars, on Tuesday (November 8), according to a statement posted on Oscars.org. The "Tower Heist" director has been making headlines over the past few days — first, due to his comments about a sexual relationship with Olivia Munn, then at a screening of "Heist," where he used a gay slur, claiming that "rehearsal is for f--s."

"He did the right thing for the Academy and for himself," Academy President Tom Sherak said in the statement. "Words have meaning, and they have consequences. Brett is a good person, but his comments were unacceptable. We all hope this will be an opportunity to raise awareness about the harm that is caused by reckless and insensitive remarks, regardless of the intent."

Read the full story at MTV Movies!

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FROM MTV MOVIES: There seems to be two varying opinions on whether "Beverly Hill Cop 4" will ever happen. Ask the attached director, Brett Ratner, and he'll tell you he wants to make it happen with Eddie Murphy. But the response is ... rather different if you put the same question to the A-list actor.

MTV News recently caught up with Ratner as he promoted "Tower Heist," out this Friday and starring yes, Murphy. The director sounded hopeful about another "Cop" sequel.

"I think one day, I'm hoping, because it is one of the most iconic characters ever," Ratner told us. "Eddie does not go anywhere in the world where they're not like, 'Axel Foley, what's up?' more than 'Eddie Murphy.' It is something that our hope and desire is to get it made."

Much like he did with MTV News, Ratner has spoken on several occasions about his hopes for a fourth movie featuring the legendary Axel Foley, a Detroit cop who finds himself solving crimes in the very posh Beverly Hills.

In the latest issue of Rolling Stone, however, Eddie Murphy tells the magazine that the possibilities for a fourth "Beverly Hills Cop" film are dead.

Read the full story at MTV Movies!

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FROM MTV MOVIES: The American public may no longer be convinced about Eddie Murphy's enduring comedic gifts, based on the number of folks who purchased tickets to "Imagine That" and "Meet Dave." Even Eddie Murphy may no longer be convinced about Eddie Murphy's enduring comedic gifts. But one man with no such doubt is Brett Ratner, who is producing the 2012 Academy Awards and who has tapped Murphy to host.

"I think there's no question about it. He's the greatest," Ratner told us Sunday night at the Emmy Awards about Eddie taking on the gig and slaying the crowd. "My first idea was the show had to go in the direction of more comedy with a single host, and there's nobody better on that stage than Eddie Murphy."

"I grew up watching 'Raw' and 'Delirious' and being a big fan of him," Ratner added. "He's a huge movie star. He has huge international appeal. There's nobody better. He's a pro. The guy is a pro."

Read the full story at MTV Movies!

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Eddie Murphy's hosting the Oscars next year, and as happy as I am about the news, I can't say I'm at all surprised by it.

I had the chance to chat with "Tower Heist" director Brett Ratner for MTV News' Fall Movie Preview week, and the filmmaker had nothing but rave reviews for Murphy's work in the heist comedy. (You can read all of his comments in my interview here.)

While we were talking, Ratner — who is executive producer of the 84th Annual Academy Awards — teased about his future collaborations with Murphy: "'Tower Heist,' just like [my previous] movies were great preparation for me to make this movie, this is preparation for me to do something huge with Eddie."

The Oscars certainly qualify as something huge, I'd say, and based on something else that Ratner told me, it's pretty clear why he named the "Beverly Hills Cop" legend as his host.

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Hunter S. Thompson fans rejoice: a new still from "The Rum Diary" featuring Johnny Depp and Amber Heard has hit the web.

GK Films posted the photo on their Facebook page. It shows Depp as journalist Paul Kemp and Heard as Chenault, the object of his affections, having a conversation in Puerto Rico. "The Rum Diary" hits theaters in limited release on October 28.

Check out the rest of today's film news after the jump!

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Brett RatnerBrett Ratner might not have been the choice Hollywood was expecting when the Academy of Motion Picture Arts and Sciences announced their producer for the 2012 Oscars, but he certainly is an interesting one.

But the "Tower Heist" director has been known for his large-scale films, and the very elements of his filmmaking that have drawn fire from skeptics might be exactly what the Oscars need this year. Ratner, for his part, thinks he can bring something special to the biggest night in Tinseltown, something he's been complaining has been lacking in previous years. And with the failed attempt at drawing in a younger audience by hiring Anne Hathaway and James Franco as hosts last year, it seems like the Academy is seeking an alternate route.

So what can we expect Ratner to contribute to the awards show? We brainstormed a few things we hope happen at this year's event.

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