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Walden Media’s The Chronicles Of Narnia: Prince Caspian did more poorly at the box office than expected this weekend, missing its projected $56.6 million total by $1.6 million.

THR reports that Columbia Pictures is currently negotiating the rights for the SciFi classic Flash Gordon. Breck Eisner, son of Michael Eisner and director of the upcoming Creature From The Black Lagoon, would direct.

MGM heads revealed Saturday at Cannes that the 80’s cold war tale Red Dawn and the SciFi hit Robocop could be up for re-make.

According to /Film Spike Lee is set to direct a new documentary about the life and career of Michael Jordan. The film is being funded by the NBA and is set for 2009 release.

THR reports that Summit Entertainment will be remaking the 80’s cult hit Highlander. Peter Davis, one of the producers of the new project, said the new film will incorporate elements from the original film’s back-story to expand the story-line. The remake will be written by Iron Man’s Art Marcum and Matt Holloway.

Guillermo del Toro begins preproduction on The Hobbit after Hellboy II: The Golden Army hits theaters. Viggo Mortensen (Aragorn), Ian McKellen (Gandalf) and Andy Serkis (Gollum) are currently in negotiation to reprise their roles.

The New York Times reports that Regal Entertainmet Group, the worlds largest theater operator, will equip more than 1000 screens to show 3D films.

/Film reports that Clint Eastwood himself has shot down rumors of a Dirty Harry sequel with this exchange between he and Angelina Jolie when asked about the rumors: “That is not correct,” said Eastwood. Angelina Jolie then quipped, “I am!” and Eastwood fired back with a laugh, “Yeah, Dirty Harriet, starring Tomb Raider.”

Sources:

The Hollywood Reporter

Studio Briefing

The New York Times

/Film

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"Indy" Taking An Early Beating

Indiana Jones and the Kingdom of the Crystal Skull has just hours ago been screened at Cannes and the reviews are less than kind.

Yahoo! News reports that the movie suffers from a “loss of wit and romance” saying further that “After about an hour, the film abandons any pretense of story for a rush through fights, chases, machine gun fire, scorpions, quick sand, monkeys, huge snakes and finally a secret city,” .

The Hollywood Reporter reports a general thumbs up from journalists leaving the screening though they also took quotes such as “too long,” “too many stunts,” and “too wooden.” “We’re all kind of bewildered about what they thought they were making.” said Hollywood Reporter’s Kirk Honeycutt.

Variety at least reports that the movie “Delivers the goods” but follows up with the caveat “not those of the still first-rate original, 1981’s Raiders Of The Lost Ark but those of its uneven two successors.”

It is estimated that to be considered a success Indiana Jones and the Kingdom of the Crystal Skull will have to gross $500 million worldwide.

Indiana Jones And The Kingdom Of The Crystal Skull is scheduled for May 22 2008 release.

Sources:

Yahoo! News

Hollywood Reporter

Variety