· DreamWorks has finally closed their financing deal with India-based Reliance. Meanwhile, in a surprise maneuver, Paramount waived all of their former executives' commitments to the studio. A sovereign DreamWorks is born. [Variety]
· ABC bought Flash Forward, a pilot for a possible companion show to Lost about what happens after the entire world blacks out for 2 minutes, 17 seconds. Cue Tara Reid shouting, "I'd be perfect for that show!"-joke in 3...2...1... [THR]
· Let's Play Name the Cherry-Picked Influences: Sci Fi Channel has picked up Warehouse 13, a dramedy about two bickering FBI agents with great chemistry who are relocated to a government warehouse that stores supernatural objects. Score 10 points if you said X-Files, 25 if you got Indiana Jones, and 100 if you also happened to mention Moonlighting. [THR]
· Jude Law is in final negotiations to play Watson opposite Robert Downey Jr. in Guy Ritchie's Sherlock Holmes. [Variety]
· Vince Vaughn, Jon Favreau, Jason Bateman , and Who's Your Caddy? star Faizon Love will star in Couples Retreat, a comedy written by Favreau and to be directed by Ralphie Parker. [Variety]

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