Jon Favreau is Frontrunner for Big Screen Jersey Boys, Police Academy Retools: Biz Break

Also in Tuesday afternoon's news round-up, Participant Media picks up Mexican actor/filmmaker Diego Luna's latest project starring Michael Peña and America Ferrera, Relativity scores Alberto Iglesias for its latest project, indie thriller Backgammon gets rolling, meeting young Hollywood's "It-Photographer" and Moscow's Bolshoi to hit U.S. theaters.
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