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Deal Report: March 18, 2011

This week’s movers and shakers: Steven Spielberg, Megan Fox, and more

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ABC has renewed The Bachelor for season 16 and The Bachelorette for season 7, the latter of which will premiere on May 23 starring former Bachelor contestant Ashley Hebert.

Fox is again delaying the premiere of the Steven Spielberg-exec-produced sci-fi series Terra Nova. It was scheduled to launch with a preview on May 23, but will now debut this fall in order to give the visual-effects team more time.

Passion Play, the indie drama starring Megan Fox, Mickey Rourke, and Bill Murray, is going straight to DVD on March 31.

Summit Entertainment announced that it acquired the rights to a New York Times article about Deepwater Horizon, the BP oil platform that exploded last April, causing the worst spill in U.S. history.