Jonah Hill Joins Wolf, Dustin Hoffman Joins Weinsteins, Cannes Addition: Biz Break

Movieline joins music and film fans in mourning the death of Adam Yauch - a.k.a. MCA, one-third of rap legends the Beastie Boys, influential filmmaker and music-video director, and founder of independent-film distributor Oscilloscope Laboratories. In other film news, Friday afternoon's Biz Break includes rundowns on Jonah Hill's collaboration with Martin Scorsese, Cannes' new addition to its official selection, Dustin Hoffman's directorial debut, and UTA's failed bid for a Beverly Hills street name.

The Weinstein Company Nabs Rights To Dustin Hoffman's Directorial Debut
TWC will take U.S. and Latin American rights to Dustin Hoffman's comedy Quartet from HanWay Films. Starring Maggie Smith, Billy Connolly, Michael Gambon and Pauline Collins, the film revolves around a home for retired opera singers. Each year Reggie, Wilf and Cissy stage a concert to raise funds for the home, but Reggie's ex-wife shows up, creating tension and playing the diva.

Cannes Adds Le Serment de Tobrouk to Roster
The festival will add Bernard-Henri Levy's Le Serment de Tobrouk (The Oath of Tobruk) to its Official Selection and will screen May 25. Made during the eight-month conflict that ended Libyan leader Muammar Gaddafi's dictatorship, the film traces the unfolding of that unusual war. Four key figures from the Libyan revolution will attend the screening.

From around the 'net…

Jonah Hill to Star with Leo in Martin Scorsese's The Wolf of Wall Street
The recent Moneyball Oscar-nominee will star along with Leonardo DiCaprio in the adaptation of Jordan Belfort's memoir about hard-partying, dramatic rise and fall on Wall Street. Boardwalk Empire creator Terence Winter wrote the script, Deadline reports.

After Adam Yauch's Death, Oscilloscope Reverses Management Change
After announcing he will leave his top management position at Oscilloscope which he co-founded with Adam Yauch four years ago, David Fenkel will remain involved in running the company, a spokesperson told The Wrap.

Fox Renames Neighborhood Watch Movie in Florida Shooting Aftermath
Now re-named The Watch, 20th Century Fox wanted to avoid any association with the tragic shooting of teen Trayvon Martin in Florida earlier this year, Deadline reports.

UTA Ends Pursuit of Beverly Hills Street Name at New H.Q.
The talent agency expected Beverly Hills would approve United Talent Agency Drive street signs near the company's new headquarters at its new 120,000 square foot offices off Civic Center Drive, THR reports.