By Kate Ward
Updated May 28, 2010 at 04:47 PM EDT

  • The Life of Pi adaptation, directed by Ang Lee, might be put on hold, thanks to budget concerns. I can think of 3.14 reasons why this sucks. [L.A. Times]
  • Arnold Schwarzenegger and Steven Spielberg accompanied the unveiling of the rebuilt Universal Studios backlot that was destroyed in a fire in 2008. Says lot, “I told you I’d be bock.” [THR]
  • Warner Bros. has set a Dec. 16, 2011 release date for Robert Downey Jr.’s second sequel in two years: Sherlock Holmes 2. Yet The Shaggy Dog 2 still hangs in the balance. [THR]
  • The Daytime Emmy Awards is honoring Dick Clark for his achievements during the primetime telecast hosted by Regis Philbin. [THR]