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· Paramount, the studio that never met a remake idea it didn't like, has acquired the rights to Battle of the Network Stars, which will be reimagined as a "star-studded," big-screen comedy. New Gay Mafia don Jimmy Miller of Mosaic is producing, and has "strong relationships with comedy stars and is expected to use them." Translation: Will Ferrell and Ben Stiller running through a tire maze in short-shorts. [Variety]
· California politicians defend their production incentive bill to stop runaway production, claiming it will secure middle-class jobs and prevent the further siphoning of acting talent from the local service industry to New Orleans. [THR]
· Academy of Motion Pictures Arts and Sciences elects Sid Ganis as their new president, while Tom Hanks is chosen as a vice president for the actors branch. Outgoing president Frank Pierson will be stungunned with extreme prejudice should he try to attend this year's Oscar ceremony. [Variety]
· Sandra Bullock is in negotiations to star in Premonition, about a woman whose husband dies in a car crash and then appears alive the next day. Bullock's already proven her unbelievable-car-wreck-movie chops in the recent Crash. [THR}
· Mark Burnett launches Burnett records ito release a CD of performances from his mildly successful reality show Rock Star: INXS. Wouldn't it be easier to just dump the CDs and bags full of money directly into a landfill? [Variety]