Independence Day 2005 is shaping up at a toe-to-toe battle between Foxs tentpole FANTASTIC FOUR and Paramount and DreamWorks event movie of the decade WAR OF THE WORLDS. The Marvel Comics adaptation from 20th Century Fox was first to stake a claim on the lucrative holiday weekend by taking a release date of July 1. However, the Steven Spielberg-directed, Tom Cruise-starring alien invasion flick has now set its sights on June 29. With Spielberg stating that his H.G. Wells adaptation will be the most expensive budgeted film of all time and Foxs hope for a new bankable franchise, time will only tell if the pressures of a financial success will make one of the studios blink first and move their film to a more open summer slot.