ScriptShark offers up a pretty convincing argument from a working writer as to why writing a low budget screenplay is better than writing a tentpole. (SSN)
Hugh Jackman has dropped off Palmstar’s Collateral Beauty and producers are now out to Johnny Depp. PalmStar Media and Likely Story had acquired rights to the script written by Allan Loeb for $2.25 million. (DH)
WME-IMG announced that it has bought the Wall Group, one of the pioneers of the stylist agency business, with one of the most prominent client lists in the industry. (NYT)
Warner Bros closed a preemptive acquisition of the GG Walker novel All Is Not Forgottenn with Reese Witherspoon and her Pacific Standard producing partner Bruna Papandrea producing. (DH)
Catherine Hardwicke is on board to direct an adaptation of the bestselling YA novel Stargirl. Kristin Hahn will adapt Jerry Spinelli’s book and produce the film, along with Gotham Group, Hahnscape Entertainment and BCDF Productions. (VAR)
Martin Campbell is in talks to direct Jackie Chan in The Foreigner for STX Entertainment. The film, an adaptation of Stephen Leather’s novel The Chinaman, is scheduled to start filming in the fall. (CS)
Legendary Japanese animator, director and writer, Hayao Miyazaki, has announced that he is putting his sixth attempt at retirement aside in order to work on a 10 minute CG short called Kemushi no Boro (“Boro the Caterpillar”) to screen exclusively at the Studio Ghibli Museum in Mitaka, Tokyo. (AM)