''Shutter Island'' and ''The Beautiful Life'' were in the news this week

By EW Staff
August 28, 2009 at 04:00 AM EDT

Why Martin Scorsese’s Shutter Island moved to next year — and what it means for its Oscar chances
Late last week, Oscar prognosticators had to cross Martin Scorsese‘s Shutter Island off their list of possible Best Picture contenders for 2009. That’s because its studio, Paramount, announced that the Leonardo DiCaprio period thriller was moving from its Oct. 2 release date to Feb. 19, 2010. Citing ”financial pressures,” the studio determined it was unable to spend the typical $35 million to $50 million required to sell the movie this fall. Despite having a successful summer season with hits like Transformers: Revenge of the Fallen and Star Trek, Paramount has been having serious cash-flow problems, and moving the film to February allows it to postpone marketing costs and forgo the additional expense of an Oscar campaign leading up to the March 7 awards ceremony. Paramount will now be able to focus its awards efforts on Peter Jackson‘s The Lovely Bones and the George Clooney comedy Up in the Air from writer-director Jason Reitman (helmer of Juno). The studio tried a similar tactic last year when it pushed the Jamie Foxx/Robert Downey Jr. drama The Soloist out of the fall awards-season corridor and into April 2009. (Unfortunately, the movie didn’t ultimately score with either critics or audiences, earning only $32 million at the box office.) Sources close to Shutter Island assure EW that the film was moved solely for financial reasons: Scorsese had trimmed the film to a two-hour run time, and the few screenings he has already hosted have scored well. And if the movie succeeds in February, it could still attract Oscar attention next year. ”This movie was made to make money,” says one source. ”This isn’t Benjamin Button where they had to get the noms to make the money. Oscar is only additive to this film.”
Nicole Sperling

Is The CW’s model drama the new Project Runway?
Top fashion personalities now have more than just Project Runway to drop in on. The CW’s new model-centric drama The Beautiful Life — starring Elle Macpherson and Mischa Barton, who has recovered from her July hospitalization and has been shooting since Aug. 4 — will feature some high-profile industry names. Designer Zac Posen shows up in the Sept. 16 premiere; Runway judge and Marie Claire fashion director Nina Garcia throws a party in episode 2; and the show’s pretty faces will soon shoot scenes in the Calvin Klein work space in NYC. ”We’ve got all these very legitimate people involved,” says producer Mike Kelley to EW. ”It’s the Entourage of the fashion world.”
Tanner Stransky