Oscar winner Will Smith will receive a decade-long ban from any Hollywood Film Academy events, including the Oscars.
After slapping presenter Chris Rock on stage at this year's Academy Awards, the punishment was announced on Friday by the Academy's Board of Governors.
In a statement, Academy of Motion Pictures Arts & Sciences President David Rubin and Chief Executive Dawn Hudson said,
"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."
Smith, who resigned from the Academy on April 1 and has issued statements apologizing to Rock, the Oscars producers, nominees and viewers,
responded to today's news saying he accepted and respected the Academy's decision.
At the March 27 televised ceremony, Smith strode up to the stage after comedian Rock made a joke about the appearance of the actor's wife, Jada Pinkett Smith, then smacked Rock across the face.
Less than an hour later, Smith gave a tearful speech on stage as he accepted the best actor award for his role in "King Richard."
The Academy came under criticism for allowing Smith to stay in his seat after the outburst and for letting him take the stage to accept the award amid a standing ovation.
In the Friday statement, the Academy's leaders said they did not adequately address the situation during the telecast.