By Lucas Shaw NEW YORK (TheWrap.com) - Octavia Spencer will star alongside Kevin Costner in "Black and White," IM Global announced on Tuesday. IM Global has come aboard to sell the film to international buyers starting at the Cannes Film Festival next week. Cassian Elwes, an executive producer on the project, is handling domestic rights. The film reunites Costner with "The Upside of Anger" director Mike Binder, who wrote and will directed "Black and White." It will begin shooting this summer in New Orleans. ...

LOS ANGELES (Reuters) - The anticipated June 2014 release of the fourth installment of "Jurassic Park," one of the highest-grossing film franchises, has been put on hold, Universal Pictures said on Wednesday. The decision was made to give "the studio and filmmakers adequate time to bring audiences the best possible version" of Jurassic Park 4, the studio said in a statement. The film was slated to be released in theaters on June 13, 2014. Universal has yet to announce a new date for the release. The three "Jurassic Park" films generated $1. ...

By Zorianna Kit LOS ANGELES (Reuters) - Australian filmmaker Baz Luhrmann brings to life F. Scott Fitzgerald's classic American novel, "The Great Gatsby" which opens in U.S. theaters Friday before unspooling at the Cannes Film Festival on May 15. The film reunites Luhrmann with actor Leonardo DiCaprio, with whom he last worked on the big screen adaptation of William Shakespeare's "Romeo + Juliet" in 1996. DiCaprio stars as Jay Gatsby, a millionaire pining for a lost love, played by Carey Mulligan, during the height of the hedonistic 1920's. Tobey Maguire and Joel Edgerton also star. ...

By Sarah Mills LONDON (Reuters) - The cast of "Fast & Furious" sped into London for the world premiere of their sixth film that is set in the British capital, vowing to keep racing despite the exit of director Justin Lin. Surrounded by souped-up cars and dancers in mini-shorts, the "Fast & Furious 6" stars packed a blue carpet in Leicester Square on Tuesday to promote the latest film in the street-racing franchise that has grossed $1.6 billion since 2001. ...

If any piece of classic American literature should be depicted on film with wildly decadent and boldly inventive style, it's "The Great Gatsby." After all, who was the character of Jay Gatsby himself if not a spinner of grandiose tales and a peddler of lavish dreams?

By Keith Coffman DENVER (Reuters) - Accused Colorado theater gunman James Holmes, who could face the death penalty if convicted of murdering 12 moviegoers in a rampage last year, intends to plead not guilty by reason of insanity, according to court records released on Tuesday. Holmes, 25, is charged with multiple counts of first-degree murder and attempted murder in connection with the July 2012 shooting spree in a suburban Denver cinema during a midnight screening of the Batman film "The Dark Knight Rises. ...

By Jeff Sneider LOS ANGELES (TheWrap.com) - In what will be his very first feature comedy, "The Wire" and "Fringe" star Lance Reddick has been cast as one of the leads in Universal and Gold Circle's "Search Party," The Wrap has learned. Scot Armstrong is making his directorial debut with the film, which Gold Circle is producing and co-financing with distributor Universal. TJ Miller, Adam Pally and Thomas Middleditch star alongside Shannon Woodward and Alison Brie. Story follows two roommates who go to dangerous lengths to save their friend who is stranded in Mexico without clothes. ...

By Lucas Shaw NEW YORK (TheWrap.com) - Iron Man, Nemo and Yoda might be enough for Disney, as CEO Bob Iger told analysts on Tuesday that the company was not looking to purchase another major media company in the near future. "If you're asking me today as we look ahead at whether there's a Pixar, Lucasfilm, Marvel on the horizon, I'd say not likely," Iger said during the company's earnings call. Splashy acquisitions have been a defining trait of Iger's tenure sitting on the Disney throne. ...

By Greg Gilman LOS ANGELES (TheWrap.com) - Actor and activist Ian Somerhalder has joined the advisory board of interactive news website, RYOT, the actor's charity announced Tuesday. RYOT, a media outlet encouraging readers to "become the news," bridges the gap between learning about things happening in the world and actually making a difference in it. Each news story on the site is paired with a "RYOT note" explaining the social value of the story, while suggesting a charity or organization dedicated to a related cause. ...

By Greg Gilman LOS ANGELES (TheWrap.com) - "Fast & Furious 6" director Justin Lin doesn't understand why James Franco would ever bad mouth their 2006 collaboration, "Annapolis." "He's going on publicly about stuff and I honestly don't understand it," Lin told the Huffington Post in an interview published Tuesday. "I think James is a good guy, but I don't know. I wish he would just not say anything." While promoting "Spring Breakers" in March, Franco referred to Lin's naval academy boxing drama as "a really bad movie. ...

By Jeff Sneider LOS ANGELES (TheWrap.com) - Sony Pictures Entertainment has closed its deal with "Iron Man 3" director Shane Black to co-write and direct "Doc Savage," which Black is eyeing as his next film. One of the most popular characters of the pulps of the 1930s and 40s, Doc Savage was also popularized on radio, film and television. He is a scientist, physician, adventurer, inventor, explorer and researcher. He has been trained since birth to be nearly superhuman in every way, with outstanding strength, a photographic memory, and vast knowledge and intelligence. ...

By Jeff Sneider LOS ANGELES (TheWrap.com) - Just before "Star Trek Into Darkness" takes off at the multiplex, star Bruce Greenwood has joined the cast of Universal Pictures' remake of "Endless Love," TheWrap has learned. Shana Feste ("Country Strong") is directing the romantic drama, which stars Alex Pettyfer and Gabriella Wilde as teenage lovers from opposite backgrounds. Greenwood will play Wilde's father, who doesn't approve of her relationship with a blue-collar boy. Robert Patrick co-stars as Pettyfer's father, who runs an auto body shop where his son works. ...

By Jeff Sneider LOS ANGELES (TheWrap.com) - "Parks and Recreation" star Adam Scott is about to put on his swimsuit, as he's in early negotiations to dive into MGM's "Hot Tub Time Machine 2,"TheWrap has learned. Director Steve Pink and original cast members Craig Robinson, Rob Corddry and Clark Duke are nearing deals to return for the sequel to the hit 2010 comedy, though John Cusack won't be time traveling with them this time. Should a deal make, Scott would play an entirely new leading man, according to an individual familiar with the project. ...

By Jeff Sneider LOS ANGELES (TheWrap.com) - John Travolta is set to star in director Philip Martin's heist movie "The Forger," which will be produced and co-financed by Code Entertainment and The Solution Entertainment Group. Written by Richard D'Ovidio ("The Call"), the story follows Ray Cutter (Travolta), a former child art prodigy and second generation petty thief who arranges to buy his way out of prison to spend time with his ailing son, only to be forced to change his plans and commit one last big job for the syndicate who financed his early release. ...

By Brent Lang LOS ANGELES (TheWrap.com) - Sundance Film Festival award winner "Afternoon Delight" has sold to The Film Arcade and Cinedigm, the companies said Tuesday. The film marks the feature directorial debut of Jill Soloway ("Six Feet Under") and boasts a cast that includes indie darling Juno Temple, Josh Radnor ("How I Met Your Mother"), Jane Lynch ("Glee") and Kathryn Hahn ("Crossing Jordan"). It won the Directing Award in the U.S. Dramatic Competition at Sundance this year. ...

By Brent Lang LOS ANGELES (TheWrap.com) - "Zero Dark Thirty" screenwriter Mark Boal acquiesced to CIA requests to change material in the film that would have reflected poorly on the agency, according to a newly declassified memo. The drama's depiction of the role torture played in the hunt for Osama bin Laden set off fierce debate when it theaters last year, although much of the furor surrounding the film died down after it lost the Oscar for Best Picture to "Argo. ...

By Lucas Shaw NEW YORK (TheWrap.com) - FilmNation has secured $50 million in new capital through a credit facility backed by Bank of America, Merrill Lynch and Union Bank, the company announced on Thursday. The sales, financing and production company will use the money to expand its film financing and production operations. The company has secured the revolving, multi-bank credit facility on the eve of the Cannes Film Festival, where FilmNation will be shopping three titles - Alexander Payne's "Nebraska," Sofia Coppola's "The Bling Ring" and J.C. ...

By Jeff Sneider LOS ANGELES (TheWrap.com) - Benicio Del Toro is in talks to join Joaquin Phoenix in writer-director Paul Thomas Anderson's "Inherent Vice," TheWrap has learned. Warner Bros. will distribute and finance the film, which Anderson has adapted from Thomas Pynchon's soft-boiled crime novel. A studio spokesman did not immediately respond to TheWrap's request for comment. Set in Los Angeles during the spring of 1970, the film follows pot-smoking private detective Doc Sportello (Phoenix) as he investigates the case of a kidnapped girl. ...

By Lucas Shaw NEW YORK (TheWrap.com) - "G.I. Joe: The Rise of the Cobra" script co-writers David Elliot and Paul Lovett have sued Paramount, Hasbro, MGM and producer Lorenzo Di Bonaventura, seeking $23 million for copyright infringement. In the suit, filed in California federal court May 3, the writers allege that the studios and producers stole many of their ideas for the sequel to "Cobra," "G.I. Joe: Retaliation." That film, which opened March 28, has grossed $355 million at the worldwide box office. ...

By Brent Lang LOS ANGELES (TheWrap.com) - Maggie Smith and Kevin Kline are set to untangle the vagaries of Paris real estate law in the upcoming dramatic comedy "My Old Lady." The film marks the directorial debut of prolific playwright and screenwriter Israel Horovitz ("Author! Author!"), who wrote the play that inspired the film. Jane Birkin ("A Soldier's Daughter Never Cries") and Dominique Pinon ("Delicatessen") will co-star in the movie. In the film, Kline plays a down-and-out New Yorker, who travels to Paris to liquidate a valuable apartment he inherited from his estranged father. ...