Brett Ratner handed in his resignation from the event earlier this week after apologizing for a gay slur used during a screening of his latest film.
His friend and Tower Heist star Eddie Murphy resigned from his role as host as well.
The pair were set to work together on the February 26 TV broadcast of the Oscars after working together on the recent action movie Tower Heist.
Ratner stepped down after sparking outrage by using a gay slur at a screening his new action comedy.
Read more: http://www.dailymail.co.uk/tvshowbiz/article-2059531/Brian-Grazer-replace-Brett-Ratner-Academy-awards-producer-Eddie-Murphy-quits-host.html#ixzz1dH8ITIRe