Return of the Kong.

Having grappled with the ring of power, PJ’s lifelong dream now comes true: Universal announces that Peter Jackson will direct King Kong after finishing up LOTR: Return of the King. I kinda wish they’d announced this a bit later so that Jackson could devote himself fully to closing out Tolkien‘s trilogy in grand style, but I’m sure he’ll do that anyway. Congrats to PJ, Fran, and WETA on their big score. Update: Fay Wray approves.

The Not-So-Subtle Knife.

In less happy movie news, Brett Ratner – recently kicked off of WB’s Superman – is now threatening to screw up Phillip Pullman’s His Dark Materials. Pullman’s work aside, a Tom Stoppard screenplay deserves a better director. Can’t you just make Rush Hour 3 or something?

Grimm Amusements.

Terry Gilliam fans take heart: Although Don Quixote may be dead and buried, it looks like The Brothers Grimm has now secured funding from a parnership of MGM and Dimension. The film currently stars Heath Ledger and Matt Damon as the eponymous brothers, with Robin Williams and Jonathan “Sam Lowry” Pryce as the villains. Dimension, the senior partner, has a pretty lousy track record with regard to burying films they don’t have control over (Re: Existenz and Below), but hopefully Gilliam can buck the curse this time around.