He's back! After eight years Billy Crystal will return as the host of the Oscars. The announcement follows days of drama at the Academy after producer Brett Ratner resigned after using a gay slur. 　　One day later, Eddie Murphy, who had been lured by Ratner to host the telecast, canceled his hosting duties. The academy responded by hiring Hollywood veteran Brian Grazer, who chose Crystal as host. 　　Crystal has MCd the show eight times, last hosting in 2004. The Oscars will air live from Hollywood, California on February 26. (Alicia Powell/Reuters)