The new hosts for the 2012 Oscars has been decided

Billy Crystal and Brian Grazer are the new hosts of the 2012 Oscars ceremony, replacing Eddie Murphy and Brett Ratner.

Billy Crystal has taken over from Eddie Murphy, who resigned from hosting the 2012 Academy Awards after his co-host for the night, Brett Ratner, was forced to step down.

The Academy quickly replaced Ratner with actor and producer, Brian Grazer (The Da Vinci Code) and it was later decided that he will be joined by 63 year-old Billy Crystal.

Forty two year-old Ratner, who has produced Rush Hour and the 2011 Tower Heist film, was criticised for saying “rehearsal is for fags”, before discussing his sex life in detail during the American chat programme, The Howard Stern Show.

The scandalous comments resulted in Ratner being unanimously voted out by the Academy’s Board of Governors who claimed, ‘he had to go’.

According to News In Film, Murphy later said in his own statement, ‘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’.

This sparked a huge wave of suggestions from the public as to who the next host should be. Among the favourites, were actor and magician, Neil Patrick Harris (The Smurfs) and the mischievous Muppetts, who even had their own Twitter campaign running.

Despite the fact that Billy Crystal (When Harry Met Sally) has hosted the Oscars eight times before, he was apparently ‘itchy’ to do it ‘maybe one or two more times’.

He tweeted that he was “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 also looking forward to seeing Billy Crystal and Brian Grazer host the awards ceremony which takes place February 26 2012.

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