The trailer for Capitalism: A Love Story, Michael Moore's new movie, is here. It's about banks, and how they're bad, and how the working man can't get by any more. He tries to make a citizens' arrest of AIG. Ha-ha.

What's happened to America's movie stars in the summer of 2009? A slew of boldface names have opened films this summer and most of them have tanked hard. Some people are blaming Twitter, but the answer is really quite simple.

Inglourious Basterds premiered last night in Hollywood, and will open nationwide next weekend. The Weinstein Company is in full PR mode, because August 21 is the weekend that will make or break Harvey Weinstein.

Using more than 80 hours of footage captured during rehearsals for his ill-fated London concert series, Sony Pictures is set to release a Michael Jackson documentary in late October. Great.

When Ron Silver died in March, the New York Post's Cindy Adams eulogized him by revealing that he'd once been a CIA operative: "I remember him saying he'd been in the CIA at age 22." It's not true.

Screenwriter and novelist Budd Schulberg died Wednesday. He was among the first generation to be born Hollywood royalty, and he wrote what is probably the only classic movie business novel to have never been adapted for the screen.

Michael Douglas' son Cameron—co-star of the unfortunately-named It Runs In The Family—was busted last night in the Gansevoort Hotel for trying to sell a shitload of crystal meth.

Gov. Arnold Schwarzenegger announced the first 25 films to receive California's new production tax incentives. Some titles include: Beverly Hill Chihuahua 2, Naked Gun 4 and Dinner for Schmucks and Comedy Central's TV show Important Things With Demetri Martin.

Sandford Dody, author of multiple best-sellers, died July 4 at 90 years old. If his name is unfamiliar, it may be because it did not appear on the covers of his books.

Steve Zahn's appearance on the Tonight Show with Conan last night was one of the more delightfully bizarre interviews we've seen in a while. Watch Zahn ramble incoherently about his love of farm animals and hitchhiking in a chicken suit.

Marketing whizzes for a movie called I Love You, Beth Cooper figured that a good idea to generate "buzz" would be to pay some valedictorian for a product placement in her high school graduation speech. They were wrong.

Are you longing to stand in line for hours for the chance to be fed stale bagels and generally get treated like a disease-ridden subhuman? Yes?! Well then you're ready to be an extra in a big-budget Hollywood film!

So you wanna be a hotshot agent like Ari on that horrible Entourage show? Well, you'll probably have to start out as an assistant, which means you'd better have a trust fund or an insatiable fondness for ramen noodles.

Word from Comic-Con is that Warner Bros. has made a live-action version of Akira, the granddaddy of all anime, a "priority project." We smell another Watchmen in the making. And remember how well that went. [iFMagazine]

Word out of Comic-Con is that the movie biz is spending their precious resources on Pirates of the Caribbean 4, Batman 3, Wanted 2 (sans Angelina Jolie), and The Strangers 2. Suddenly, K-Pax sequel has fingers crossed for greenlight. [Popwrap]

In your early Friday media column: Laurel Touby is officially chillin like a villain, the Boston Globe gets another contract vote, Nikki Finke is mysterious, and CNN's creative accounting of what it means to be "number one."

Harry Potter and The Half-Blood Prince opened on 3,003 screens nationwide at midnight and hauled in $22.2 million, shattering the previous midnight screening record of $18.5 million set by The Dark Knight. [LA Times]

Superagent Ari Emanuel, brother of Rahm, has been getting lots of glowing press lately. Remember when the New York Times genuflected at his altar on their front page? Now The Independent is breathlessly touting his plans to single-handedly reinvent Hollywood.

Aaron Sorkin, noted scribe, addict and boner of Maureen Dowd and Kristen Chenoweth, has been hired to write a new draft of Moneyball, the film based on Michael Lewis' bestselling book. But are Steven Soderbergh and Brad Pitt still involved?

Michael Jackson's memorial service happens in LA today. Is it a media circus out there? Check out the elephants! Eh? Seriously, it sounds like the media equivalent of the Superdome after Katrina. A brief rundown of the clusterfuckery: