If there’s one thing to say about M. Night Shyamalan‘s career, he’s failed up. Columbia Pictures announced today that Will Smith – the biggest and perhaps only real movie star left in America – will team with Shyamalan to produce and star in a science-fiction film. Also starring: Smith’s son Jaden. Jaden had been rumored for the script before - and the project is currently known as One Thousand AE, but Will Smith’s presence takes this to a new level.

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Well, it appears that the mash-up of pop-cultural elements so horrible and cringe-worthy that their unification could potentially result in The End Of All Things isn’t going to happen after all– according to Deadline, Glee creator Ryan Murphy will not be directing Willow Smith in a Will Smith-produced remake of Annie (comments wall, I await your onslaught–just make it quick).

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One of the greatest books on film is easily Julie Salamon’s The Devil’s Candy, which chronicled every bad turn Brian De Palma’s adaptation of Bonfire of the Vanities took. At this point, one hopes there’s an author on set of Men in Black III, as there’s undoubtedly a great story to be told about its production. Having hired a new writer mid-shoot, and having delayed production again recently, the film took another hit when Alec Baldwin told Vulture Monday he had to drop out, but was moving on to the Adam Shankman-directed, Tom Cruise-starring musical Rock of Ages.

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Do you remember last week when it was rumored that Will Smith might team up with rapper Jay-Z to produce a remake of the comic strip and Broadway play Annie? It’s no longer speculation. Sony Pictures has just confirmed that they are in talks with Smith and Jay-Z regarding a remake. The film will be created as a star vehicle for Will’s daughter Willow Smith.

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The song “Hard Knock Life” represents the downtrodden people of the world, and it became Billboard gold for rapper Jay-Z back in 1998 when he released his album …Vol. 2. It sampled a hook and a beat from the classic play Annie, which centers on a spirited red-haired girl and her life in an orphanage. Several reports state that Jay-Z may team up with Will Smith for a revamp of the classic character. And this time the title role could be played by Smith’s daughter Willow.

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Andy and Lana (formerly Larry) Wachowski aka The Washowkis have landed a new gig. According to THR, the directing duo will write and helm a developing film called Hood. The title sounds simple enough, but they’ll have to do something extra to make the film worthwhile because it’s another incarnation of the Robin Hood story. Didn’t we just see it told earlier this year (Ridley Scott’s version)?

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Just when we thought the vampire trend couldn’t sink its teeth into anyone else it’s gone after Will Smith. According to Deadline, the actor is in talks to take on the lead in a film entitled The Legend of Cain. As in Cain and Abel, the guy who committed the first murder ever recorded in the Bible. Yeah, Smith wants to play the killer in the movie that will somehow tie into vampires.

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Men in Black III is one of the many films that will debut during the summer of 2012 and it’s up against some tough competition. The studio recently amped up their marketing by playing a promotional clip for the film during the Sony 3D TV Launch. It featured franchise star Will Smith in full costume as his character Agent Jay who after all these years still manages to make that suit and those glasses look good! Check it out…

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Over the past few days Hollywood execs have been really trigger happy with their 2011-2012 summer schedules. Release dates are being announced every hour on the hour with the latest coming from Columbia Pictures. A date has finally been set for Men in Black 3 (in 3D) so expect to see Will Smith. Tommy Lee Jones, and Josh Brolin in May 2012.

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