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Rabbit Hole - First Official Promo Pic - Starring Nicole Kidman and Aaron Eckhart

Update: 16:30 Here is the first official new logo from ABC.

DISNEY TO ACQUIRE MARVEL ENTERTAINMENT

Worldwide leader in family entertainment agrees to acquire Marvel and its portfolio of over 5,000 characters

Acquisition highlights Disney's strategic focus on quality branded content, technological innovation and international expansion to build long-term shareholder value

Burbank, CA and New York, NY, August 31, 2009 -Building on its strategy of delivering quality branded content to people around the world, The Walt Disney Company (NYSE:DIS) has agreed to acquire Marvel Entertainment, Inc. (NYSE:MVL) in a stock and cash transaction, the companies announced today.

Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration.
Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.
"This transaction combines Marvel's strong global brand and world-renowned library of characters including Iron Man, Spider-Man, X-Men, Captain America, Fantastic Four and Thor with Disney's creative skills, unparalleled global portfolio of entertainment properties, and a business structure that maximizes the value of creative properties across multiple platforms and territories," said Robert A. Iger, President and Chief Executive Officer of The Walt Disney Company. "Ike Perlmutter and his team have done an impressive job of nurturing these properties and have created significant value. We are pleased to bring this talent and these great assets to Disney."

"We believe that adding Marvel to Disney's unique portfolio of brands provides significant opportunities for long-term growth and value creation," Iger said.

"Disney is the perfect home for Marvel's fantastic library of characters given its proven ability to expand content creation and licensing businesses," said Ike Perlmutter, Marvel's Chief Executive Officer. "This is an unparalleled opportunity for Marvel to build upon its vibrant brand and character properties by accessing Disney's tremendous global organization and infrastructure around the world."

Under the deal, Disney will acquire ownership of Marvel including its more than 5,000 Marvel characters. Mr. Perlmutter will oversee the Marvel properties, and will work directly with Disney's global lines of business to build and further integrate Marvel's properties.

The Boards of Directors of Disney and Marvel have each approved the transaction, which is subject to clearance under the Hart-Scott-Rodino Antitrust Improvements Act, certain non-United States merger control regulations, effectiveness of a registration statement with respect to Disney shares issued in the transaction and other customary closing conditions. The agreement will require the approval of Marvel shareholders. Marvel was advised on the transaction by BofA Merrill Lynch.

Investor Conference Call:

An investor conference call will take place at approximately 10:15 a.m. EDT / 7:15 a.m. PDT today, August 31, 2009. To listen to the Webcast, turn your browser to http://corporate.disney.go.com/investors/presentations.html or dial in domestically at 800-260-8140 or internationally at 617-614-3672. For both dial-in numbers, the participant pass code is 51214527.

The discussion will be available via replay on the Disney investors website through September 14, 2009 at 7:00 PM EDT/4:00 PM PDT.

Source: ABC

Remember the scene in Michael Bay’s Transformers: Revenge of the Fallen where Sam is drawing symbols all over the walls of his dorm room? Yeah, we’ve tried to forget about it too. What you might not have noticed is that Sam writes the number 3 on a poster for the other Michael Bay sequel, Bad Boys II. And now we’ve learned that the studio is moving forward with development on a third film, but will the original crew return for one more adventure?

THR reports that Columbia Pictures has hired Peter Craig to write a screenplay for Bad Boys 3. But the project is only in the early stages and none of the participants have yet agreed to return.

The hope is to get both Martin Lawrence and Will Smith to return, alongside director Michael Bay and producer Jerry Bruckheimer. Bruckheimer said in an interview that “When we had about two weeks of shooting left to go on Bad Boys II, Will and Martin were having such a good time, they phoned (Columbia studio boss) Amy Pascal and said, ‘We want to sign up for another one.’ So hopefully we’ll get them all back together again.”

At the 2008 MTV Movie Awards, Will Smith told Hollyscoop that he had an idea for Bad Boys 3, but added that “Michael (Bay) is too expensive now. He’s way too expensive.” And that is the big hurdle — getting the cash to bring back Will Smith, who has since exploded into a megastar, Bruckheimer, who never comes cheap, and Bay, who is now use to collecting percentages of toy merchandise Lucas-style.

All of usual suspects have expressed an interest in coming back for a third movie, but only if they can get the story right. That’s where Craig comes in. For those of you who don’t recognize his name, you probably shouldn’t as he has no completed screenwriting credits on his Hollywood resume.

According to wikipedia, he’s a published author known for his “darkly comic novels of imploding father-child relationships.” His novels include The Martini Shot, Hot Plastic, and Blood Father. As for Hollywood, he has been developing a few projects, mainly co-writing Ben Affleck’s The Town which begins shooting next month, and has been working on a live-action adaptation of the popular anime Cowboy Bebop for 20th Century Fox and Keanu Reeves. Oh, and he’s also the son of actress Sally Field.

Many of you know that I’m often a defender of Michael Bay. That said, I didn’t speak up after the release of Transformers:Revenge of the Fallen for obvious reasons. And before that, my least favorite films he’s made are the Bad Boys series. That’s not to say they’re bad, I just don’t like Martin Lawrence. The first Bad Boys film is interesting to watch just because you can tell Bay is on a leash, restrained by producers and budget, on his first feature film. His next two films, The Rock and Armageddon, are probably his most coherent, probably because it was a time when he still had structure.

Back to the Bad Boys films, I will say this — the car chase sequence in Bad Bays 2 is very under-appreciated, and is probably (wait for it.. hyperbolic statement coming up… in 3…2…1..) one of the best car chase action sequences of the last decade (seen below).

And hey, best case scenario, as GetStuck suggests, this and the Point Break sequel might lead to a Hot Fuzz 2… Just a thought.

Source: /Film

The Green Hornet, written by Seth Rogen and Evan Goldberg and directed by Michel Gondry, was set to open in July of next year, but now won’t wear the mask until December 17, 2010. It’s an interesting move, since in a summer slot the film might get lost admist hefty competition like the third Twilight film, Predators, Inception and Shyamalan’s The Last Airbender, all of which are slotted for early to mid-July. Read what Seth Rogen says about the move after the break.

The news of the move broke on a few sites today, but Drew at HitFix got in touch with Rogen for comment. He says:

It gives more time for post, which would have been immensely rushed if we were to come out in the summer. It also affords us more time to promote the film, (now we can go to Comic-Con with more than a car!) and ultimately is a great vote of confidence from the studio.

The post-production and promotion issues are both huge. Since the picture has taken a long time to come into shape for pre-production, with the search for a director (Stephen Chow dropped out, opening the door for Gondry) and an actor to play Kato (now set to be Jay Chou) taking up a lot of time. The Comic Con angle might be big, too; since no one really knows what to expect from the movie, if all involved can wow audiences in San Diego the film will get a big boost.(Of course, Predators hasn’t started shooting, either, and will presumably make the July 2010 date.)

More than anything else, I’m intrigued by the December date. Rogen notes that they’re getting the I Am Legend / Avatar slot, and using that metric implies that the film might not just be a broad, goofy comedy. If Columbia thinks it can successfully sell the movie in that slot, I’m ready to see what the crew is cooking up. (Who am I kidding? I’ve been curious about this one forever.)

The cast detail recap: Seth Rogen will star as the Green Hornet. Jay Chou is his sidekick, Kato, Cameron Diaz is the love interest, Nic Cage is the villain and Edward James Olmos has a small role.

Source: /Film

The Smurfs - First Official Promo Pic

Thanks to PVCBlue

Twilight: Eclipse - Even More Set Pics

Thanks to Rain for the heads up

(Click to Enlarge)

Source: Celebutopia