Eddie Murphy Bows Out

Eddie Murphy quits as host of this year's Oscar ceremony.
2:06 | 11/10/11

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Transcript for Eddie Murphy Bows Out
The show must go on but it will after the -- without Eddie Murphy. The actor has abruptly bowed out as host of the upcoming Oscars. Eddie Murphy announces departure just a day after his producers exit -- academy is scrambling to find a new MC. More from KBC's rob Hayes. You may need a scorecard for Hollywood's next Oscar telecast producer Brett Ratner note producer Brian Grazer. Oscar host Eddie Murphy out now the world is left wondering -- be the next host announced by the Academy Awards. I can tell you for certainty there are people sitting -- table at the academy right now there are phone calls being made and a lot of Hollywood reporters waiting to break the news. Murphy bowed out after Ratner -- friend and the director of his latest film tower heist. Step down from his Oscar producing -- following a controversy over an anti gay comment he made. -- issued a written statement apologizing for the -- the gay and lesbian alliance against defamation glad says it's now working with Ratner and expects him to move on to bigger and better things in Hollywood. America. This is very tolerant of people who make mistakes and own it. That that seems to be what's going on here. As for Murphy the popular comedian issued a brief statement choosing not to explain its decision to step down. Quote I completely understand -- supporting each party's decision with regard to a change -- producers. Sure that the new production team and host will do an equally great job meanwhile -- -- ascension to the Oscar producing post -- -- one -- rocking the Academy Awards. But it still leaves Oscar fans and Hollywood insiders guessing who will next be named to take the Oscar stage. It's a huge deal. The audience at home doesn't pay much attention to who produces the Oscars but in this town the Oscars is the ultimate it's the carnation. In Hollywood rob days for ABC news. Let's you and I hosted you know we can do I -- -- again. Take care and.

This transcript has been automatically generated and may not be 100% accurate.

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