Eddie Murphy Drops Out as Oscar Host — Who Should Replace Him?

It’s back to the drawing board for the Academy of Motion Picture Arts and Sciences.

Less than 24 hours after embattled F-bomb dropper Brett Ratner resigned as producer of the 2012 Oscar telecast, Eddie Murphy has dropped out as host. 

“I appreciate how Eddie feels about losing his creative partner, Brett Ratner, and we all wish him well,” said Academy president Tom Sherak in a statement.

Added Murphy: “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. 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.”