We’ve known it’s going to happen, but it’s official now!

Source: Variety

Universal Pictures is hitting the accelerator on a fifth installment of “Fast and Furious,” currently being referred to as “Fast Five.”
Studio has closed deals with Vin Diesel, Paul Walker, director Justin Lin and producer Neal Moritz to return to the franchise, which has become one of the studio’s most lucrative.

Diesel and Walker sat out the third chapter in the series but returned for last year’s fourth installment, which was the highest-grossing “Fast and Furious” film and Universal’s top grosser of 2009. Its box office haul was more than $350 million worldwide.

Chris Morgan is writing “Fast Five,” marking the third time he and Lin have teamed for a “Fast and Furious” film. The story finds protags Dom (Diesel) and Brian (Walker) as fugitives being pursued by relentless lawmen.

Lensing will begin later this year for a 2011 release.

Original Films’ Moritz has produced every film in the series, beginning in 2001 with the “The Fast and the Furious.”

Universal’s Jeff Kirschenbaum and Franklin Leonard will oversee the project for the studio.

Source: Shock Till You Drop
It’s been well over a month since MTV announced Tyler Posey, Tyler Hoechlin, Crystal Reed and Dylan O’Brien would be starring in the remake of Teen Wolf, originally released in 1985 with Michael J. Fox starring. Lensing in Atlanta, Georgia with Jeff Davis (Criminal Minds) scripting, it was unknown who was directing.

Shock Till You Drop has learned and can confirm Russell Mulcahy (Resident Evil: Extinction) is at the helm. This means Bait, the nature-run-amok 3D thriller Mulcahy is prepping will have to wait. Not for long, however, the production recently received a boost in funding.

Teen Wolf will hit later this year.

Since he dropped out of Harvey, Steven Spielberg’s first project under the reconstituted DreamWorks has been a subject of much speculation. Now I hear who’s at the center of the director’s biopic of George Gershwin, which DreamWorks acquired last fall. It’s Zachary Quinto — Sylar in the NBC drama-fantasy Heroes, and Spock in the JJ Abrams-directed megapic Star Trek. Quinto will play the famed composer and pianist, who with brother Ira was responsible for more than a dozen Broadway shows before dying at 38. DreamWorks is even supplying accent and dialogue coaches for Quinto, and shooting could begin as soon as April. Doug Wright wrote the script, and Marc Platt and singer/pianist Michael Feinstein are producing. A DreamWorks insider says this is one of 3 projects Spielberg is looking at for his next piccause he’s anxious to get back to work. I wouldn’t be surprised if there’s an announcement later this week.

Source: Deadline Hollywood