EW Staff
June 17, 2011 AT 04:00 AM EDT

On June 9, MTV announced that it had canceled the controversial teen drama Skins after one season.

Two-time Harry Potter director Chris Columbus has acquired the remake rights to the Norwegian horror movie Troll Hunter.

Relativity Media paid a reported $13 million for the rights to distribute the action movie Act of Valor. The film’s cast features active-duty Navy SEALs.

Sylvester Stallone will star as a hitman in an adaptation of the graphic novel Bullet to the Head, produced by Joel Silver.

The Weinstein Company has picked up the Madonna-directed historical romance W.E., about King Edward VIII and paramour Wallis Simpson.

The big-screen adaptation of The Lone Ranger starring Johnny Depp and Armie Hammer just lassoed a premiere date: Dec. 21, 2012.

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