Following the news that Eddie Murphy will no longer be hosting the 2012 Academy Awards, a rumor started that funnyman Adam Sandler would be next in line as host of the prestigious awards show. However, Adam spoke with Ryan Seacrest saying that he has no interest whatsoever in following in the footsteps of Bob Hope, Johnny Carson, and Billy Crystal.

The Oscars are the big story this week, Seacrest began, before asking, “Obviously Eddie’s not gonna do it and [original director] Brett [Rather] stepped down: Would you do it?”

“There’s no reason for me to be doing that, no. I see no happiness … there’s no upside,” the 45-year-old SNL alum said. “Whoever has the courage to go out there, I’m proud of them.”

The star of comedies such as Big Daddy, Anger Management and The Wedding Singer joked that his annual Oscar party usually consists of him falling asleep, then waking up the next day asking why he didn’t win anything.

I think the Oscars could use a fresh jolt of funny. Just saying.

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Last night Adam Sandler and Katie Holmes’ new movie, ‘Jack & Jill’ premiered in Westwood, California.

Katie is wearing a Holmes & Yang outfit, her own line.

What do you think?

Also pictured: Adam Sandler and his wife, Al Pacino and Rebecca Black.

Photos: Fame

Here is a recap of just some the celebrity sightings over the weekend! Enjoy!

*Sandra Bullock and son Louis visit a friend in Los Feliz, CA, on Saturday.

*Lady Gaga signs autographs for her little monsters outside the Beacon Theater in NYC.

*A super hot Daniel Craig shopping in the West Village, NY.

*Bar Refaeli shops in NYC on Sunday.

*Jude Law seen at Donmar Warehouse Theatre in London, UK Saturday night.

*Anna Lynne McCord and her creepy older boyfriend Dominic Purcell kick off Women’s Rebuild for the “St. Bernard Project” at Pure Nightclub in Caesars Palace Hotel and Casino in Las Vegas.

*Madonna, boyfriend Brahim, and daughters Lourdes and Mercy James attend Kabbalah services in New York.

*Heidi Klum takes her kids to karate in Brentwood, CA on Saturday.

*Emma Roberts in Los Angeles on Friday.

*Jessica Alba and hubby Cash Warren take Honor to the county fair in Los Angeles on Saturday.

*Adam Sandler takes his daughters Sadie and Sunny to gymnastics in Culver City, CA.

*Rachel Bilson goes shopping at The Grove in Los Angeles on Sunday.

*Topher Grace at Trousdale Friday night.

*Lea Michele hangs out with some friends and visits the Palace of Versailles during the fashion week in Paris, France.

*Rachel Zoe in town for Paris Fashion Week with hubby Rodger Berman and their son, Skyler in Paris, France.

As if one Adam Sandler per movie wasn’t bad enough…how about two!

I know Adam Sandler movies make a gazillion dollars, but I just don’t get it. I don’t find his movies funny.

I will say, though, that it’s nice to see Katie Holmes in something a less serious!

Jennifer Aniston, Adam Sandler and Brooklyn Decker attend the premiere party of ‘Sigueme el Rollo’ (Just Go With It) at the Room Mate Oscar Hotel in Madrid, Spain.

Jennifer is sporting a new, shorter ‘do – and I’m on the fence on whether or not I like it. I like the cut – but it almost makes her look older! What do you think?

And wow – that is one unfortunate dress. Let the baby bump rumors begin!

Photos: Fame

Is it just me – or does Brooklyn Decker look hotter than Jennifer Aniston!? I love the purple gown, she looks amazing!

Who looks hotter in your opinion?

Photos: Fame

Jennifer Aniston, Brooklyn Decker and Adam Sandler attend the “Just Go With It” (‘Meine Erfundene Frau’) photocall in Berlin, Germany.

Photos: Fame