Disney and Jerry Bruckheimer Films have paid low-seven-figures against $3.5 million to Terry Rossio and Bill Marsilii for their pitch LIGHTSPEED, reports VARIETY.

New Line and Walden Media have decided to moved ahead on JOURNEY TO THE CENTER OF THE EARTH 2 without director Eric Brevig and star Brendan Fraser, reports Deadline.com.

Jim Morris, general manager and EVP of production at Pixar Animation Studios, will give one of the keynote presentations at SIGGRAPH 2010, the 37th International Conference and Exhibition on Computer Graphics and Interactive Techniques.

IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) and DreamWorks Animation SKG, Inc. (Nasdaq:DWA) today announced opening weekend results for Shrek Forever After, the final chapter in the Shrek film series.

The Previzion system allows the user to pre-composite on set thereby greatly reducing the labor required for post production compositing. This will prove a great asset to editors as they will have clean, possibly final versions of green screen shots that they can rely upon while cutting the film.

Blu-ray.com reports that Disney will make history by releasing A CHRISTMAS CAROL in 3-D.

Multi-tasking on the computer these days is enough to spread anyone's brain cells out pretty thin. Throw in our so-called 'smart' phones, iPods, etc, and what are our chances of getting any work done?

Everyone loves Shrek and I can see why. There is drama, action, and comedy packed into an hour and half long film, that it seems to leave little room for flaws. But the flaws are major ones in my view.

Find out what it was like directing the final chapter of Shrek.

James Franco will take the lead in 20th Century Fox's RISE OF THE APES, a prequel to PLANET OF THE APES, reports VARIETY.