"Terry Chase Chenowith ("Undertaking Betty," "Shortcut to Happiness") will produce historical sports pic "Indianapolis 500" which centers on the individuals who envisioned, planned and secured financing to build what's now called the Indianapolis Motor Speedway. It will chronicle the running of the world's first 500-mile race in 1911, won by Ray Harroun. Justin Escue will direct and Angelo Pizzo ("Hoosiers," "Rudy") will pen the screenplay..." (full details)

"Newmarket and Sony will co-distribute "Go" and "Charlie's Angels" scribe John August's directorial debut "The Nines" which screened at Sundance this year. Ryan Reynolds and Hope Davis star in three interlocking stories with a heavy showbiz flavor..." (full details)

"Nala Films has signed Eduardo Rodriguez ("Curandero," "Dread") to helm the horror-thriller "Open Grave". Penned by Eddie and Chris Borey, it centers on man who awakens in a pit full of dead bodies with no memory of who he is or how he got there. Rescued by a group of fellow amnesiacs, he must determine who among them may be the killer. Shooting begins this Summer..." (full details)