NASHVILLE, Tenn. (NewsNation Now) — Country star Morgan Wallen has been suspended indefinitely from his label and is no longer eligible to participate in this year’s Academy of Country Music Awards after a video surfaced of him shouting a racial slur.

According to a statement released Wednesday afternoon by the Academy of Country Music, Wallen’s potential involvement and eligibility for the 56th Annual Academy of Country Music Awards was halted.

“The Academy Of Country Music will halt Morgan Wallen’s potential involvement and eligibility for this year’s 56th Academy of Country Music Awards cycle,” the statement read. “We have made his management team aware of this decision. The Academy does not condone or support intolerance or behavior that doesn’t align with our commitment and dedication to diversity and inclusion.

“In the coming weeks, the Academy will expedite the offering of long-planned diversity training resources for out ACM Membership, Board, Staff and the Country Music artist community, made available through Diversity + Inclusion Task Force, established in 2018. As a result of this unprecedented situation, the Academy will be renewing our awards eligibility and submission process, ensuring our nominees consistently reflect the Academy’s integrity.”

The Academy Of Country Music

Big Loud Records said in a statement posted to social media on Wednesday that Wallen’s contract has been suspended indefinitely. Republic Records, which he is co-signed to, said it agreed with Big Loud’s decision and said: “such behavior will not be tolerated.”

The video, which was first published by TMZ on Tuesday night, showed Wallen outside a home in Nashville, Tennessee, yelling profanities and a racial slur.

Wallen said in a statement to TMZ that he is embarrassed and sorry.

“I used an unacceptable and inappropriate racial slur that I wish I could take back. There are no excuses to use this type of language, ever. I want to sincerely apologize for using the word. I promise to do better,” his statement said.

He’s one of the genre’s biggest young stars, with his new record, “Dangerous: The Double Album,” spending three weeks atop the Billboard 200 chart, but the reaction from the music industry has been swift.

“In light of Morgan Wallen’s recent actions involving the use of a racial slur, we have made the decision to remove his music and content from our stations effective immediately,” according to a statement from iHeartMedia, which has hundreds of radio stations across the country.

Wallen has also been pulled from airplay on Cumulus and Entercom radio stations along with streaming apps like Spotify and Apple Music.

The Tennessee-born singer has done a lot of public apologizing lately.

Wallen was arrested for public intoxication and disorderly conduct in May 2020 after getting kicked out of a downtown Nashville bar.

In October, “Saturday Night Live” dropped him from a scheduled performance on their show after he violated COVID-19 protocols when videos appeared on social media of him partying with fans in Alabama. He was later invited back on the show in December, where he appeared in a skit making fun of himself.

Other country stars criticized his actions publicly.

“It actually IS representative of our town because this isn’t his first ‘scuffle’ and he just demolished a huge streaming record last month regardless,” tweeted country star Maren Morris. “We all know it wasn’t his first time using that word. We keep them rich and protected at all costs with no recourse.”

The Associated Press contributed to this report.