Sony is looking to dominate the Memorial Day holiday weekend with Men in Black 3, which returns the marquee Will Smith franchise to the big screen for the first time in a decade.

Universal Pictures has moved quickly to take advantage of Paramount's decision to bump G.I. Joe: Retaliation from its June 29 release date to March 2013.

Universal is moving its Seth MacFarlane-directed comedy Ted to that weekend from its previous July 13 date, the studio announced Wednesday.

The move will give Ted a jump on the lucrative July 4 weekend, when movie-going tends to skyrocket. It will also put the film up against Sony's The Amazing Spider-Man, which is scheduled to hit theaters on July 3.

Exhilarating, opaque, heartbreaking and completely bonkers – French auteur Leos Carax’s so-called comeback film, Holy Motors, is a deliciously preposterous piece of filmmaking that appraises life and death and everything in between, reflected in a funhouse mirror.

It’s brave and foolish. After a rapturous reception at its first Cannes screening, the bewitching French-German co-production immediately bolts to the front of the pack in the race for the Palme d’Or and into an elated tempest of debate and speculation.

Facebook's stock rose more than 10 percent in early Friday trading in its stock market debut before settling down around its offering price.

The social network's shares had priced at $38 apiece on Thursday night, making it the biggest online IPO ever.

Facebook's stock opened on Nasdaq at $42.05 Friday after some delay. As of 11:45am ET, it was up only 5.3 percent at $40, and about 15 minutes later it was back at its $38 offer price. 

Relativity Media has acquired U.S. rights to IM Global’s currently-titled Paranoia, directed by Robert Luketic and starring Liam Hemsworth, Gary Oldman, Harrison Ford and Lucas Till. With production expected to begin this summer, Relativity is eyeing a Sept. 27, 2013 release.

It’s official: Morgan Freeman has signed a deal to star alongside Michael Douglas and Robert De Niro in the CBS Films comedy Last Vegas.

Written by Dan Fogelman (Crazy, Stupid, Love) and directed by Jon Turteltaub, the story centers on a quartet of retired boomers who are called upon for a Las Vegas bachelor party by their friend, a ladies' man (Douglas), who is finally settling down and marrying a woman half his age.

C. Thomas Howell, Tom Arnold and Brooke Langton are starring in Chilly Christmas, a family comedy centered around a boy and his gigantic dog that is part of an expanded  slate of movies being offered for the first time at Cannes by Crystal Sky, according to CEO Steven Paul.

Larry David is ready to be a movie star.

The kvetching comedian, best known for creating and starring in HBO’s Curb Your Enthusiasm and co-creating NBC’s classic sitcom Seinfeld, is in negotiations to star in an untitled comedy that Greg Mottola is in negotiations to direct for Fox Searchlight.

PHOTOS: Modern Film & Television Comedians

This story first appeared in the May 25 issue of The Hollywood Reporter magazine.

David Zaslav shouldn't be on the defensive. After all, the Discovery Communications chief's 14 cable networks, including red-hot Discovery, ID and TLC, collectively have grown their primetime market share 8 percent this year; his company has a $19 billion market cap and reported revenue up 16 percent to $1.1 billion for the first quarter; and his 2011 compensation hit a cool $52.4 million.

British comedian and actor Steve Coogan is set to return to big screen music roles after signing to star in Elaine Constantine's Northern Soul.

Coogan, who starred as Factory Records founder Tony Wilson in 24 Hour Party People, has agreed to star in Constantine's film, which is about the 1970s underground music movement that took Northern England by storm. Coogan joins a cast already boasting James Lance, Christian McKay and Roisin Murphy.