“I accept and respect the Academy’s decision,” Smith said in a statement. The academy also apologized for its handling of the situation and allowing Smith to stay and accept his best actor award for “King Richard.

The motion picture academy on Friday banned Will Smith from attending the Oscars or any other academy event for 10 years following his slap of Chris Rock at the Academy Awards.

The move comes after a meeting of the academy’s Board of Governors to discuss a response to Smith’s actions.

“The 94th Oscars were meant to be a celebration of the many individuals in our community who did incredible work this past year; however, those moments were overshadowed by the unacceptable and harmful behavior we saw Mr. Smith exhibit on stage,” the academy said in a statement.

Smith pre-emptively resigned from the academy last week during the run-up to the meeting and said he would accept any punishment the academy handed down.

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