What Will Smith’s retirement from the academy means for the actor

When Will Smith beaten Chris Rock at the Oscars on Sunday after the comedian joked about Smith’s wife, Jada Pinkett Smith, sent shockwaves through the industry. Then, shortly after, Smith walked back onto the stage accept the Oscar for “Best Actor”.

In the days since the incident, the Academy of Motion Picture Arts and Sciences and Smith’s peers have sentenced his deeds. blacksmith he apologized to Rock on Monday, while Rock said he is during a stand-up show Wednesday night in Boston still in progress What happened.

After his public apology, Smith announced his resignation from the academy on Friday – and many wondered what the retirement would mean for the actor and his future.

What is the Academy – and why do people join?

The Academy of Motion Picture Arts and Sciences was founded in 1927, and the elite group began presenting the Academy Awards — which confer the Oscars — in 1929, according to the Academy’s website. It currently has 10,000 members forming 17 branches of the film industry ranging from writers and actors to makeup artists and PR artists.

Membership reviews are held once a year in the spring, and those hoping to gain entry must be sponsored by two members of the Academy who are currently in the branch to which they wish to be admitted. However, Oscar nominees are automatically considered for membership and do not require sponsorship.

Academy members have access to many perks, including voting rights for the nominees in their industry and a vote for Best Picture. You’ll also get exclusive access to screenings of nominated films.

What does the resignation mean for Smith?

When he resigned from the academy, Smith relinquished these above perks. However, his retirement doesn’t mean he loses his Oscar for his role in King Richard. According to Variety, he may still be nominated and invited back to the ceremony in the future.

But the academy announced last week that it is reviewing the incident and will hold a disciplinary meeting for the actor on April 18. Smith could be sanctioned if on review it turns out he’s to blame, but it’s not yet clear if the Academy would go so far as to take the Best Actor award away from him.

Although several members have been expelled from the Academy in the past, including Harvey Weinstein, few have resigned. According to People, Peter Kurland, an Oscar-nominated sound engineer, and Tom Fleischman, an Oscar-winning recording mixer, resigned last month after the Academy decided to stop airing their portions of the show.

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