Will Smith Banned From the Oscars for Next 10 Years - Pura Pura Movie

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The Academy added that today marked the first board meeting since Smiths infamous slap and outburst during the live telecast, and while they already accepted his resignation, an additional punishment was necessary.

As a result, starting today, Smith was barred from any Academy events or programs, in person or virtually, including but not limited to the Academy Awards; Variety notes that Smith can still be nominated and win Oscars during this decade-long stretch, but he wont be allowed on hand to accept it (nor will he have to return the Best Actor Oscar he just won for King Richard).

In response to the Academys punishment, Smith said in a statement, I accept and respect the Academys decision.

We want to express our deep gratitude to Mr. Rock for maintaining his composure under extraordinary circumstances, the Board of Governors said in their statement. We also want to thank our hosts, nominees, presenters and winners for their poise and grace during our telecast. The Academy also said the Smith situation was the catalyst for a larger goal of protecting the safety of our performers and guests from future slaps.

My actions at the 94th Academy Awards presentation were shocking, painful, and inexcusable, Smith previously wrote in his Academy resignation. The list of those I have hurt is long and includes Chris, his family, many of my dear friends and loved ones, all those in attendance, and global audiences at home. I betrayed the trust of the Academy. I deprived other nominees and winners of their opportunity to celebrate and be celebrated for their extraordinary work.

The actor, whose upcoming projects are reportedly on pause following the incident, added, I am heartbroken.