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The Deal Report: May 18, 2007

The biggest upcoming projects in entertainment

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+ When Mark Indelicato isn’t being fabulous as Ugly Betty‘s Justin, he’s in the studio working on his pop CD. Since the actor has a musical-theater background, will the album feature any Justin-approved show tunes? ”Unfortunately,” he explains, ”those will not sell to today’s kids.”


+ Thirteen‘s Evan Rachel Wood is attached to star in the tentatively titled comedy It Is What It Is, from director Jesse Peretz (The Ex). The film concerns ”four friends [in a] mid-20s crisis,” says Peretz. It’s ”a Reality Bites for the MySpace generation.”

+ Director Oliver Stone won’t be back, but Michael Douglas will don Gordon Gekko’s suit again for Money Never Sleeps, a follow-up to 1987’s Wall Street. Says producer Edward Pressman, ”It’s 20 years later, Gekko is out of jail, and the world has changed.” Which means that colossal cell phone he wielded in Street should be a lot smaller. — Additional reporting by Carrie Bell and Adam Markovitz