Its A Black Monday Paramount

By Garth Franklin Thursday October 20th 2005 11:43PM

Things are turning black at Paramount, and I ain't talking retrenchments. Actually the studio has made a preemptive deal for screen rights to "Black Monday," a novel being written by Bob Reiss reports Variety.

Reiss, whose novels include "The Last Spy," is penning a thriller that revolves around oil. A mysterious condition is eroding the quality of the crude with catastrophic results, and a federal investigator tries to solve the problem before the world is brought to a screeching halt.

Based on 100 pages and an outline, Paramount picked up the pitch and will put a screenwriter on it quickly while Reiss completes the novel. Tom Jacobson will produce.

Thanks to 'Free Katie'