Academy says board's review of Will Smith's "unacceptable" Oscars slap "will take a few weeks"

The formal review of Will Smith's Oscars slap "will take a few weeks," Academy of Motion Picture Arts and Sciences president David Rubin and CEO Dawn Hudson said Wednesday. In a letter to Academy members obtained by CBS News, the two noted the review must "follow an official process."

"Sunday's telecast of the 94th Oscars was meant to be a celebration of the many individuals in our community who did incredible work this past year. We are upset and outraged that those moments were overshadowed by the unacceptable and harmful behavior on stage by a nominee," the letter read. "To be clear, we condemn Mr. Smith's actions that transpired Sunday night."

"As outlined in our bylaws, the Academy's Board of Governors will now make a determination on appropriate action for Mr. Smith," they wrote. "As governed by California law regarding members of nonprofit organizations like the Academy, and set forth in our Standards of Conduct, this must follow an official process that will take a few weeks."