Brett Ratner is planning to "step down" as the producer of the 2012 Academy Awards ... after dropping the homophobic F-bomb at a media event Sunday night ... this according to the Hollywood Reporter.
Ratner -- best known for directing the "Rush Hour" movies -- was at a fan Q&A session for "Tower Heist" Sunday when he told the crowd, "Rehearsal is for f*gs."
Ratner later called his remarks, "dumb."
According to THR, Ratner will resign from his gig with the Oscars -- he was not fired.
The Academy of Motion Picture Arts and Sciences is expected to make an official announcement on the situation later today.
Source: http://www.tmz.com/2011/11/08/brett-ratner-oscars-academy-awards-dropped/
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