Academy "condemns" Will Smith's actions at Oscars, says it's launching a formal review

The Academy of Motion Pictures Arts and Sciences said Monday that it "condemns" Will Smith's actions at the Oscars and is launching a formal review into his conduct, according to the Associated Press. Smith shocked audiences on Sunday when he walked on stage and smacked comedian Chris Rock, who had just made a joke about his wife. 

"The Academy condemns the actions of Mr. Smith at last night's show," the organization said in a statement obtained by the AP.  "We have officially started a formal review around the incident and will explore further...