Brett Ratner Resigns As Oscar Producer

FROM MTV MOVIES: In a move that falls right in line with the old adage "actions speak louder than words," director Brett Ratner has stepped down as producer of the 2012 Academy Awards. Ratner submitted his resignation to the Academy of Motion Picture Arts and Sciences, the organization in charge of the Oscars, on Tuesday (November 8), according to a statement posted on Oscars.org. The "Tower Heist" director has been making headlines over the past few days first, due to his comments about a sexual relationship with Olivia Munn, then at a screening of "Heist," where he used a gay slur, claiming that "rehearsal is for f--s." "He did the right thing for the Academy and for himself," Academy President Tom Sherak said in the statement. "Words have meaning, and they have consequences. Brett is a good person, but his comments were unacceptable. We all hope this will be an opportunity to raise awareness about the harm that is caused by reckless and insensitive remarks, regardless of the intent." Read the full story at MTV Movies!