Patrick Dempsey will appear in Michael Bay's TRANSFORMERS 3, reports VARIETY.

Marvel Studios announced today that Hugo Weaving has been cast to star as Johann Schmidt aka the Red Skull in the studio's highly anticipated movie "Captain America: The First Avenger" opposite Chris Evans and Hayley Atwell.

Summit Ent. has announced that THE TWILIGHT SAGA: BREAKING DAWN will hit theaters Nov. 18, 2011, according to ComingSoon.net.

IMAX Corporation (Nasdaq:IMAX) (TSX:IMX) today announced that Alice in Wonderland, directed by Tim Burton and starring Johnny Depp, Anne Hathaway and Mia Wasikowska, has generated more than $60 million globally in box office revenues, including more than $37.6 million domestically and $22.5 million internationally.

Robert Evans, with Henri Kessler, Liam Weir, Layne Bednar and Steaphan Weir, has formed the film fund Pacific Transmedia Corp., reports VARIETY.

Any IRON MAN sequel had a big suit to fill, following the original, which is one of the best superhero movies ever made. The story nicely builds on elements from the first film instead of rehashing the same ones. The second adventure is entertaining, especially in parts with a wisecracking Tony Stark, played once again by Robert Downey Jr.

In a joint announcement by Omnilab Media’s Christopher Mapp and The Jim Henson Company’s Lisa Henson, Australian based Omnilab Media is teaming up with The Jim Henson Company to bring the much anticipated fantasy sequel, “Power of the Dark Crystal” to the big screen in stereoscopic 3D.

KICK-ASS director Matthew Vaughn is in negotiations to helm X-MEN: FIRST CLASS, reports ComingSoon.net. The film will follow the launch of the mutant school by Xavier and Magneto as their relationship begins to break down. 20th Century Fox tapped Josh Schwartz and Jamie Moss to pen the script. Bryan Singer and Lauren Shuler Donner are the producers.

THE LOS ANGELES TIMES reports that director Rob Marshall and producer Jerry Bruckheimer are going through the PIRATES OF THE CARIBBEAN: ON STRANGER TIDES script line by line to find places to cut costs.

LION KING director Rob Minkoff will helm the 3-D fantasy CHINESE ODYSSEY, according to THE HOLLYWOOD REPORTER.