Billy Crystal to Host The Oscars!

ON

It’s been a crazy week for The Academy of Motion Picture Arts and Sciences with Brett Ratner dropping out as producer of the 84th Oscars and Eddie Murphy following a day later as host. Now they’ve gotten Brian Grazer to replace Ratner as producer with Don Mischer, and Billy Crystal has stepped in to replace Murphy as host!

Crystal broke the news himself on Twitter with the following tweet:

“Am doing the Oscars so the young woman in the pharmacy will stop asking my name when I pick up my prescriptions. Looking forward to the show.”

We are awaiting the official announcement, which we’ll post here shortly.

UPDATE: AMPAS has released an official statement, which reads as follows:

Producers Brian Grazer and Don Mischer have announced that Billy Crystal will serve as host for the 84th Academy Awards. “I’m thrilled to welcome Billy back to the Oscar® stage,” said Academy of Motion Picture Arts and Sciences president Tom Sherak. “He’s a comic legend and Oscar icon, and it feels good to have him back where he belongs.”

Commented Grazer, “Like so many others, I’ve been eager to see Billy host again. It’s very gratifying that he agreed to do it with Don and me at the helm.”

Said Mischer, “With Billy, we’re moving forward with one of the greatest hosts in Oscar history. His return to the Oscars® is, in a sense, a celebration.”

This will mark Crystal’s ninth time as host. Only Bob Hope has hosted more Academy Awards presentations, with 19 ceremonies between 1940 and 1978. Crystal last hosted the Academy Awards in 2004.

“Some of the best moments of my career have happened on the Oscar stage. I am thrilled to be back there. Actually, I am doing this so that the young woman in my pharmacy will stop asking me my name when I pick up my prescriptions,” said Crystal.

Academy Awards for outstanding film achievements of 2011 will be presented on Sunday, February 26, 2012, at the Kodak Theatre at Hollywood & Highland Center®, and televised live by the ABC Television Network. The Oscar® presentation also will be televised live in more than 200 countries worldwide.

(Photo Credit: WENN.com)