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· But how did yesterday's 416 point stock market bed-shitting affect the faceless multimedia corporations behind your favorite entertainment products, you ask? Disney was hit the hardest with a 6% fall, followed by Time Warner at 4%, and 2-4% drops by News Corp., CBS, Viacom, and Sony. [Variety]
· Kelsey Grammer's Grammnet Productions throws away a 15-year relationship with Paramount for a one-year fling with 20th Century Fox TV's younger, hotter piece of studio ass. [THR]
· Fox's Fifth Graders Humiliating Morons draws a depressingly huge 26.6 million viewers in its American Idol-boosted premiere. Realizing that the series' initial numbers might be a little inflated by its lead-in, the network hopes to continue to hold that audience's interest by adding an element to Fifth Grader in which the show's precocious ten-year-olds kick its contestants in the genitals after each incorrect answer. [Variety]
· Oscar winner Alan Arkin will join Little Miss Sunshine co-star Steve Carell underneath the Cone of Silence in Warner Bros. Get Smart movie adaptation. [THR]
· Robert Downey Jr. signs on to play "Kirk Lazarus, the greatest actor of his generation and a four-time Oscar winner" in Ben Stiller's Tropic Thunder, but there's no mention if that's the role that Tom Cruise was reportedly hoping to land to extend his buddy time with Stiller past Hardy Boys. We'd hate for Downey to get blacklisted at Cruise's United Artists for stealing a role away from the new mogul. [THR]