What was on everybody’s lips until now was finally confirmed on Tuesday when the Academy announced that Eddie Murphy is the one to host the 84th Oscar Academy Awards which will occur February 26 in Los Angeles.

“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.” Declared Brett Ratner's fellow producer, Don Mischer.

Former stand up comedian and "Saturday Night Live" cast member, Eddie Murphy has appeared in hit films like "48 Hrs," "Trading Places" and the "Beverly Hills Cop" series. His film career slumped for much of the 1990s, though in recent years he has done voice work in the popular "Shrek" series.

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