Jackie ChanJackie Chan is the new Mr. Miyagi, 'New Moon' is NOT rising for Hudgens and more ...

Jackie Chan is in final negotiations to wax on, wax off as Jaden Smith's martial arts guru in the Beijing-set reboot of the 'Karate Kid' franchise.

Meanwhile, reports of Vanessa Hudgens' involvement in the 'Twilight' sequel 'New Moon' have been greatly exaggerated, and 'Wall-E' has been named the best reviewed movie of 2008.

Get the latest scoop on blockbuster deals, casting coups, hot scripts and news from the set of Hollywood's biggest projects.

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