Paramount rolls in the 'Cloverfield'

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While unleashing "Transformers" onscreen this week, Paramount also lifted the lid on a top-secret pro-ject in the form of a teaser trailer for a new film, "Cloverfield" (HR 7/6).

"Cloverfield," which revolves around a monster attack in New York as told from the point of view of a small group of people, is being produced by J.J. Abrams. It is being directed by Matt Reeves, who co-created "Felicity" with Abrams, and is written by Drew Goddard, who has worked with Abrams on "Lost" and "Alias."

The movie, greenlighted under a veil of secrecy in February, is believed to have a relatively modest budget of about $30 million.

The cast includes Michael Stahl-David, Odet Jasmin, Mike Vogel and Lizzy Kaplan.
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