Man accused of stealing McDormand's Oscar to be released

LOS ANGELES (AP) - A man who is charged with stealing Frances McDormand's best actress Oscar will be released on his own recognizance.

Terry Bryant pleaded not guilty to felony grand theft during his arraignment Wednesday in a downtown Los Angeles courtroom. Los Angeles Superior Court Judge Deborah S. Brazil ruled the 47-year-old could be released without posting bail.

Brazil says Bryant does not pose a threat to the community.

Authorities say Bryant walked out of the Governors Ball Oscars after-party with the trophy on Sunday night and quickly gave it up when confronted by a photographer.

Bryant's attorney Daniel Brookman acknowledged Wednesday that his client can be seen on an Associated Press video holding McDormand's best actress statuette, but says there's a big difference between holding it and being convicted of grand theft.