"Eddie is a comedic genius, one of the greatest and most influential live performers ever," said Ratner. "With his love of movies, history of crafting unforgettable characters and his iconic performances - especially on stage - I know he will bring excitement, spontaneity and tremendous heart to the show Don and I want to produce in February."
Commented Mischer, "Eddie is a truly ground-breaking performer, whose amazingly diverse array of roles has won him a devoted audience of all ages. His quick wit and charisma will serve him very well as Oscar host."
"I am enormously honored to join the great list of past Academy Award hosts from (Bob) Hope and (Johnny) Carson to (Billy) Crystal, (Steve) Martin and (Whoopi) Goldberg, among others," said Murphy. "I'm looking forward to working with Brett and Don on creating a show that is enjoyable for both the fans at home and for the audience at the Kodak Theatre as we all come together to celebrate and recognize the great film contributions and collaborations from the past year."
Murphy began his career at the age of 15 as a stand-up comedian. In 1980, at the age of 19, he joined the cast of Saturday Night Live, becoming the show's youngest cast member to that point, and bringing to life many of the show's most memorable characters. His 1983 album "Eddie Murphy: Comedian" won a Grammy Award for Best Comedy Recording. It included portions of his groundbreaking HBO special Eddie Murphy: Delirious. In 1987, Eddie Murphy Raw was theatrically released and went on to gross over $50 million. Murphy made his feature film debut in 1982 with the classic 48 Hours and would go on to star in such box-office hits as Beverly Hills Cop and the The Nutty Professor and Shrek franchises. All told, movies in which he has performed have earned in excess of $7 billion worldwide during their theatrical releases.
Murphy earned an Oscar nomination in 2006 for his supporting role in Dreamgirls.
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 on the ABC Television Network. The Oscar presentation also will be televised live in more than 200 countries worldwide.
The Academy Awards episode 60.1, "The 84th Annual Academy Awards" stars Christian Bale, Angelina Jolie, Brad Pitt, Emma Stone, Rooney Mara, Bradley Cooper, Natalie Portman, Jonah Hill} and is directed by Don Mischer, Kabir Akhtar, Archie Gips, Christopher Guest, Henry Hobson, Troy Miller}.