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The rumor has become fact: Eddie Murphy will host the 20120 Academy Awards.

“Eddie is a comedic genius, one of the greatest and most influential live performers ever,” says Brett Ratner, who will produce the telecast and who directs Murphy in Tower Heist. “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.”

Murphy was nominated for an Oscar in 2006 for Dreamgirls.

Think he’ll make a good host?