Hollywood Ink: Anyone Wanna Buy a Sean Penn/Naomi Watts Drama?

· That annual Hollywood rite of spring known as "Pleeeease Don't Make Me Go to Cannes Without a Distributor" is unfolding for Fair Game, director Doug Liman's take on the Valerie Plame scandal starring Naomi Watts and Sean Penn. A buyer screening was held Wednesday in L.A., where most of the indies and mini-majors on hand reportedly admired the film but aren't sure how to sell it to audiences. Factor in the publicity costs of both Cannes and an imminent Oscar campaign, and... well, you know. Better sleep on it. [LAT]

Bryan Singer reteams with an old, Oscar-winning friend, Julia Roberts joins an expedition to Mount Everest, and more Hollywood Ink after the jump.

· I thought this was old news, but it just turns out Jack the Giant Killer has been in development for so long that Christopher McQuarrie's new rewrite-duty recruitment just seems like a foregone conclusion on a Bryan Singer project. Anyway, The Usual Suspects scribe is contributing the latest draft; shooting reportedly begins this summer. [THR]

· Julia Roberts is one of the producers of the George Mallory biopic currently in development, which Elizabeth helmer Shekhar Kapur is on board to direct. Mallory and his partner disappeared 800 feet from the summit of Mt. Everest on an expedition in 1924. Asked why she wanted to be involved with making the film, Roberts is said to have replied, "Because it's there." [Variety]

· Leslie Mann and Kate Bosworth have joined Elgin James's drama Goodnight Moon as the mother and aunt (respectively) of previously cast Juno Temple's runaway. [THR]

· Shocker: Disney's Oz prequel The Great Powerful will be in 3-D. [LAT]

· While you're still no closer to seeing Emma Roberts in the greatest lesbian diamond heist movie ever, she is set to star with Freddie Highmore in the teen comedy Homework. Take what you can get, I suppose. [Variety]