Hollywood Ink: So the Guy From One Tree Hill is Making Atlas Shrugged For $5 Million

· It's taken decades, but Atlas Shrugged is officially in production as a major motion picture. Well, maybe not "major": Shooting began over the weekend on the $5 million indie adaptation of Ayn Rand's epic philosophical novel (working title: Atlas Shrugged Part One), with One Tree Hill co-star Paul Johansson directing and starring as John Galt. Taylor Schilling and Grant Bowler are on board as Dagny Taggart and Henry Rearden; Variety has commemorated the occasion with the unfortunate headline, "Cameras Role [sic] on Atlas." Guess the producers won't be clipping that one. [Variety]

Sylvester Stallone comes between the trades and the studios, Chinese directors are down on Harvey Weinstein, and more Hollywood Ink after the jump.

· Hollywood studios are said to resent The Hollywood Reporter's latest revenue scheme, which involves selling ads for its "Visionary Award" issue celebrating Sylvester Stallone. This totally would have worked circa Stop! Or My Mom Will Shoot! But in the Rocky 6/Rambo IV/Expendables era? Not so much. [The Wrap]

· Chinese filmmaker Feng Xiaogang called Harvey Weinstein out at a Shanghai International Film Festival panel Sunday: "Harvey is a cheater in the eyes of many Chinese moviemakers," he said, alluding to the deals (and subsequent shelving and recutting) of films like Hero and Feng's own Hamlet adaptation The Banquet (which Harvey reworked for DVD as Curse of the Black Scorpion). [THR]

· Tony Kaye's terminally shelved Black Water Transit wound up selling at auction Friday, moving from low-life "financier" David Bergstein's bankruptcy-asset pool to that of the Library Asset Acquisition Company -- a company believed to be co-owned by Bergstein himself. In other words, he might have just bought back his own distressed $26 million movie for a $2 million credit, shedding its debts along the way. Only in Hollywood. Some mornings I just hate this business. [THR]