Brett Ratner resigns as Academy Awards producer

November 8, 2011 4:45:33 PM PST
Brett Ratner has resigned as producer of next year's Academy Awards.

The Academy of Motion Picture Arts and Sciences says the 42-year-old filmmaker submitted his resignation Tuesday, one day after he apologized for using a gay slur at a screening of his latest movie.

Academy President Tom Sherak says Ratner "did the right thing for the academy and for himself."

Sherak says, "Brett is a good person, but his comments were unacceptable."

Ratner was named Oscar producer in August along with TV veteran Don Mischer.

Ratner issued an open letter Tuesday explaining his resignation.