UPDATED: Academy spokesperson claims Sacha Baron Cohen NOT banned from Oscars
UPDATE [8:43 PM EST]: An Academy spokesperson has told The Hollywood Reporter that Cohen has in fact not been banned from the 2012 Oscar ceremony, but that they also do not welcome a publicity stunt to promote the comedian's upcoming film "The Dictator". "We haven't banned him," the spokesperson told THR after the story first broke on Deadline. "We're just waiting to hear what he's going to do." That said: "We don't think [a publicity stunt is] appropriate...But his tickets haven't been pulled. We're waiting to hear back." Based on that statement, it sounds like the threat of being banned still looms, however.
ORIGINAL STORY: Sacha Baron Cohen has been banned from attending this year's Oscars by the Academy of Motion Picture Arts & Sciences, due to the organization's fears that the comedian will cause a scene on the red carpet by showing up as his character from the upcoming comedy "The Dictator".