Disney is estimating that Toy Story 3 brought in $36.1 million this weekend in 32 countries representing 35 percent of the market, pushing its worldwide cume to $326.6 million.

The animated flick grabbed $6.2 million during its first weekend in Australia, which marks the third largest animated debut in that country.

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Source: Deadline.com

With Guillermo del Toro recently leaving the director's chair on the film adaptation of The Hobbit, Peter Jackson is in negotiations to take over directing duties. The two films will be shot consecutively.

David Yates (Harry Potter and the Deathly Hollow Part I & II) and Neill Blomkamp (District 9) were two names thrown around as possible replacements, but the hope among fans of the franchise has been that Jackson would return.

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Source: THR

Just before 1 a.m. ET on Friday night, Congress approved an amendment banning the trading of derivatives based on boxoffice results.

The MPAA, NATO and various guilds have been actively campaigningy against the idea.

Media Derivatives, Inc. received approval from the Commodities Futures Trading Commission on June 15, and a decision for the Cantor Exchange was expected on June 28. But the latest move by Washington will force both companies into court if they want to challenge the ruling.

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Source: Pajiba's The Hollywood Cog

According to insiders, director Wolfgang Petersen (Poseidon) is reportedly circling a big-screen version of the popular "Rock 'Em, Sock 'Em Robots". On one hand, the idea might seem like a stretch, but other studios have films in development based on Battleship, the View-Master, and the Magic Eight Ball.

If the project materializes, it will go head-to-head with director Shawn Levy's upcoming action picture Real Steel, which is about future fighting competitions in which the opponents operate giant robots. 

Not much else is known about the project, although Kurt Wimmer (Equilibrium) may be writing the screenplay. Poseidon, Peterson's last film, was a massive commercial flop, grossing only $60.6 million against a $160 million budget.

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