Hollywood Ink: Reese Witherspoon, Nora Ephron in Search of Peggy Lee

Also today in Hollywood Ink: Adrien Brody will square off with Tony Kaye... MGM slips closer to bankruptcy... Elvis's granddaughter meets Mad Max... and that's about it. (Sorry, it's that kind of day.)

· Every few years somebody comes back to a Peggy Lee biopic, nudging the project nearer to production. Reese Witherspoon and Nora Ephron might be the ones to actually pull it off, with both women now actively pursuing a film at Fox about the vocalist's life and lonnnng career. Witherspoon would star (obviously) and produce; Ephron would write and direct. All that's left to work out are the numbers. Sandra Bullock, guard your crown. [Variety]

· Adrien Brody has signed on as the lead in Tony Kaye's ensemble drama Detachment, and not a minute too soon: The film -- also featuring Christina Hendricks, Marcia Gay Harden, Blythe Danner and James Caan in a three-week glimpse at a high school through the eyes of a substitute teacher (Brody) -- is currently shooting in New York. [Variety]

· For roughly the 231st time in the last two years, MGM has reentered the "bankruptcy hype" phase of operations, with a "real possibility" of forced restructuring looming around Sept. 15. [THR]

· Riley "Daughter of Lisa Marie Presley and Danny" Keough is in negotiations for a role in Fury Road, the Mad Max franchise revival on the way from writer-director George Miller. [THR]