It's official:

The Lord of the Rings screenwriting team of Peter Jackson, Fran Walsh, and Philippa Boyens will join The Hobbit director Guillermo del Toro to write the screenplay for the pair of upcoming Hobbit movies.

Sources told Entertainment Weekly the deals are all finished and they have already begun writing. The Hobbit will center on Frodo's uncle, Bilbo Baggins (who will NOT be played by James McAvoy, as earlier reports had stated), and his initial discovery of the immensely-powerful ring.

New Line and MGM plan to release the two films around Christmas 2011 and Christmas 2012.

Following complaints from Harry Potter fans for the delay in releasing Harry Potter and the Half-Blood Prince, Warner Bros. President and Chief Operating Officer Alan Horn has issued the following statement:

Many of you have written to me to express your disappointment in our moving "Harry Potter and the Half-Blood Prince" to Summer 2009.

Please be assured that we share your love for Harry Potter and would certainly never do anything to hurt any of the films. Over the past 10 years, we have nurtured and protected each film, and the integrity of the books upon which they are based, to the best of our ability.

The decision to move Harry Potter and the Half-Blood Prince was not taken lightly, and was never intended to upset our Harry Potter fans. We know you have built this series into what it is, and we thank you for your ongoing enthusiasm and support.

If I may offer a silver lining: there would have been a two-year gap between Harry Potter and the Half-Blood Prince and the much-anticipated first part of "Harry Potter and the Deathly Hallows," which opens in November 2010.

So although we have to wait a little longer for Harry Potter and the Half-Blood Prince, the wait from that film until "Deathly Hallows" will be less than 18 months.

Unless Tropic Thunder and Pineapple Express have exhausted movie goers of all their laughter, Hamlet 2 ought to be a modest hit.

The film stars Steve Coogan and, according to reports, Elizabeth Shue in a hilarious cameo. Here's how various film critics have reacted to the comedy...

- Hamlet 2 belongs firmly to Steve Coogan, which is fortunate since none of the film's supporting players prove to be the least bit memorable... -- Slant Magazine

- Hamlet 2 is never boring, and it certainly contains some of the heartiest laughs you'll have at the movies this summer, but it lacks a sense of engagement that would have made it so much better... -- MSNBC

- Hit-and-miss in terms of verbal wit and individual gags. But package moves along quickly, and overall concept remains amusing even when there’s a dud moment or three... -- Variety

- You might leave the theatre wondering whose minds were more twisted and demented, those who wrote this movie, or your own? -- ComingSoon.net

Based on a famous memoir by the same name, How to Lose Friends & Alienate People comes out on October 3.

The film boasts a cast that includes Gillian Anderson, Jeff Bridges and Megan Fox. Here's the poster for the film:

The wildly-anticipated big screen adaptation of Watchmen may never make it into theaters. The obstacle? A lawsuit brought against Warner Bros. by 20th Century Fox.

A judge has refused Warners' motion to dismiss Fox's lawsuit, which was filed in February. The latter studio claims it owns the rights to the 1986-87 comic book series, written by Alan Moore and illustrated by Dave Gibbons.

Will movie fans have a chance to enjoy the Watchmen cast in action?

Watchmen is considered to be the most celebrated graphic novel of all time. But Variety reports it's a possibility that movie goers may never experience it.

After all, if Fox wins, it could be awarded part of the profits from the film. However, the publication reports that Fox doesn't want the money; it prefers to keep the big-budget film from being released at all.

As rumors of an Arrested Development movie grow closer and closer to reality, we have news on another popular TV show possibly being adapted for the big screen.

Rob Thomas, the creator of Veronica Mars, was recently asked if that iconic CW series might still be made into a movie.

"It's very tough to focus on it right now with two pilots on my plate," Thomas told Entertainment Weekly, referring to his two ABC projects, a reworking of his '90s dramedy Cupid and an adaptation of the New Zealand series Outrageous Fortune. "But as soon as I have any free time, that's my top priority."

For her part, Veronica Mars portrayer - and Heroes star - Kristen Bell considers it a "major compliment" that people are still interested in the series that made her famous.

"[Fans] still ask me all the time if the show's coming back. Emotionally, I don't want to think about Veronica Mars every day because it really does make me sad."

RocknRolla is one of the most anticipated movies of the fall.

It's directed by Guy Ritchie and stars Gerard Butler, Thandie Newton and Gemma Arterton.

Check out the movie trailer for RocknRolla now:

According to this new poster for W., the 43rd President of the United States has lived a misunderestimated life.

Do you agree? Does that even make sense?

Only one major studio movie is new on DVD today. But it teaches an important lesson to all high school seniors: choosing a dress is the least of your prom night worries.

Here's a closer look at the horror film...

Prom Night
Stars: Brittany Snow
Why you should rent it: To learn that Donna Martin almost failing to graduate isn't the worst thing that can happen at the prom.

With Death Race about to hit theaters, Jason Statham recently sat down to discuss this film with ReelzChannel, while also touching on another movie he just completed shooting.

What was it like shooting those racing scenes? Did you get to drive any of the cars?
They had many stunt cars. Any action movie that involves cars, they have multiple copies of the same car, so when they get mangled and bashed they just slip in the next one. One of the most difficult things was the fact that they don't have a lot of vision. The cars are covered in armor and there's very little vision that you can really draw any confidence from.

It's quite nerve-wracking to know where you are and who's coming up and who's not coming up, and the track's just full of dangerous pylons and steel girders. One mistake and it's over. So, it was a massive concern for the stunt coordinators involved, just because of the danger that those kind of things present. We just had to sort of go and do the best we could.

Jason Statham gets to work in Death Race.

Was there something specific you wanted to do with [Transporter 3]?
I wanted to make it better than the first two. I always felt the first one was the best one, for me. With the second one...I thought we could do better. We're always trying to do better. We just need more time and more money, and that's hard to get. If we're indulged with a little bit more money, a bit more of a budget, more time, more preparation, we can do something really, really good. But sometimes we don't get that. I think the third one's probably the best out of the three.