EXCLUSIVE: Paramount Pictures has acquired the feature pitch Reset, to be directed by Marcus Kryler and Fredrik Akerstrom. Sean Finegan will write. The plot is being kept under wraps, but is being described as a blend of horror and science fiction centered on a mother and daughter who uncover a startling secret. The…

EXCLUSIVE: Zak Olkewicz has been tapped to adapt the Wesley Chu sci fi novel Time Salvager for Paramount. Lorenzo di Bonaventura and Mark Vahradian are producing. Olkewicz is currently adapting the R.L. Stine novel series Fear Street for Fox and Chernin Entertainment, with Leigh Janiak just coming on board to direct…

Wonder where many of the town’s big film industry players were this weekend? Well, it turns out there was another big celebration besides the Emmys. It was a weekend-long bash up in Ojai with some of the best-known names in feature entertainment, who gathered to celebrate the 50th birthday of Mark Vahradian (producer…

EXCLUSIVE: Paramount Pictures just bought the Ian Shorr spec script Infinite for Lorenzo di Bonaventura and Mark Vahradian to produce through the Par-based Di Bonaventura Pictures. They will produce with John Zaozirny and Rafi Crohn. The script is ambitious sci-fi in the vein of Wanted meets The Matrix. The…

MadRiver Pictures has acquired rights to Charles Cumming's original idea The Plane, a high-concept action-thriller whose longline is being kept under wraps. Cumming is the author of eight spy novels whose work is making it to both the big and little screen. The Plane is being developed as a feature film. MadRiver's Mar…

EXCLUSIVE: Summit Entertainment has acquired screen rights to Area 52, and will develop a live action adaptation based on the four-issue comic book series published in 2001. Lorenzo di Bonaventura and Mark Vahradian will produce, and JC Spink will be executive producer through Benderspink. The comic focused on a top…

HOLLYWOOD, CA (August 3, 2011) – Worldwide box office receipts for TRANSFORMERS: DARK OF THE MOON, have hit $1 billion, Paramount Pictures announced today. To date, the third installment of the hit Transformers franchise, and the first shot in 3-D, has grossed $338 million in U.S. (through Monday) and $663 million…