Actor says he will 'accept and respect the Academy’s decision'; Smith still eligible to be nominated and win awards; Academy apologizes for handling of situation

Will Packer says comedian was 'very dismissive' of the idea of pressing charges over shocking assault during awards ceremony

Academy of Motion Pictures Arts and Sciences condemns on-stage assault and says it will launch a 'formal review' of the incident as shocking assault reverberates across Hollywood

Crowd at the Dolby Theatre hushed as Smith twice shouts at Rock to 'keep my wife’s name out of your fucking mouth,' after presenter jokes about Jada Pinkett Smith's shaved haircut