The Academy of Motion Picture Arts and Sciences has finally made its decision regarding ‘The Slap’.

On Friday, the Academy announced that Will Smith would be banned from Academy events – including the Oscars – for ten years.  However, his Best Actor Oscar will not be revoked.

In a letter, Academy offiicals wrote “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 also apologized for not “adequately” addressing the situation in the moment – allowing Smith to remain in the building after the incident.

Smith, who resigned from the Academy last week, said via statement “I accept and respect the Academy’s decision”.