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Ratner, Murphy resign from Oscars

Eddie Murphy accepts an award at the Nickelodeon Kids' Choice Awards on April 2, 2011 in Los Angeles, California. GETTY IMAGES/Kevork Djansezian.

With just three months to go before the Feb. 26, 2012 ceremony, the Academy of Motion Picture Arts and Science are looking for a new host and producer for the Oscars.

Producer Brett Ratner resigned on Tuesday after making a slew of misogynist and homophobic remarks, including saying that “rehearsals are for f–s.”

He made the comments during a public Q&A to promote the film Tower Heist, in which Eddie Murphy stars.

Would-be host Murphy, who was handpicked by Ratner, withdrew on Wednesday. NYMag.com reported that Murphy said he “understood” the change in producers.

“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,” Murphy said in a statement.