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OTRC: Brian Grazer replaces Brett Ratner as 2012 Oscars producer

Oscar-winning film and television producer Brian Grazer has been named the new producer of the 2012 Academy Awards telecast, the Academy of Motion Picture Arts and Sciences announced on Wednesday, November 9.

Grazer will join Don Mischer as a producer of the 84th Academy Awards. This will be the first time Grazer has produced the Oscar telecast.

"Brian Grazer is a renowned filmmaker who over the past 25 years has produced a diverse and extraordinary body of work," Academy of Motion Picture Arts and Sciences President Tom Sherak said in a statement obtained by OnTheRedCarpet.com. "He will certainly bring his tremendous talent, creativity and relationships to the Oscars."

Ratner stepped down from the position on Tuesday, after stirring controversy for using a gay slur during a recent screening of his film 'Tower Heist' and discussing his sex life in media interviews.

Eddie Murphy exited his role as host of the ceremony on Wednesday, following Ratner's departure.

Grazer, 60, is known for executive producing high-profile television series like "24," "Friday Night Lights" and "Arrested Development." He also served as a producer for films like "Liar Liar," "8 Mile," "Frost/Nixon" and "Cowboys & Aliens."

He has earned four Academy Award nominations and won a Best Picture Oscar in 2001 for "A Beautiful Mind."

Grazer also served as a producer on "Tower Heist," which was directed by Ratner and starred Murphy. Grazer has produced many of Murphy's projects including "The Nutty Professor" franchise, "Bowfinger" "Life" and the short-lived television series "The PJs."

The awards ceremony will air on Sunday, February 26, 2012 on ABC, OnTheRedCarpet.com's parent company. It will be Murphy's first time hosting the awards ceremony.

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