24 February 2012 10:57 AM, PST | Extra | See recent Extra news »

"Extra's" Jerry Penacoli met with Oscar producers Brian Grazer and Don Mischer, who shot down the rumor that Sacha Baron Cohen's alter ego based on his new film, "The Dictator," isn't welcomed at this year's festivities. Says Grazer, "We're thrilled to have him and he'll be on the red carpet dressed as The Dictator."

Grazer also revealed Eddie Murphy, who dropped out as the show's host, will not be making an appearance.

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