Trade Breaks: Pants, MyTop8, Rum

“Whilst “Ugly Betty” star America Ferrera is in negotiations to reprise her role as Carmen in “The Sisterhood of the Traveling Pants 2,” multiple sources say Ferrera’s return isn’t by choice. The actress, whose star turn in the ABC series “Ugly Betty” has catapulted her to cover-girl status, is being forced to the negotiating table by the film’s Alcon Entertainment, which exercised its sequel option on Ferrera…” (full details)

“Catchphrase Entertainment principals Dean Shull and Shahrook Oomer wrote and will both produce and direct the upcoming comedy “MyTop8: The Movie.” The story follows a slacker who decides to take a road trip across the country to meet his “cyber” friends from the Internet as well as various ‘Net celebrities from YouTube, Facebook, MySpace and other social networking sites. Lensing begins next month…” (full details)

“”Lucky Number Slevin” writer Jason Smilovic and producers Tyler Mitchell and Robert Kravis have formed Dark & Stormy Entertainment. The gang will handle the long-distilling adaptation of Hunter Thompson’s “The Rum Diary,” which still has Johnny Depp attached and Bruce Robinson planning to direct his own script. They’re also developing “The Echo,” a remake of the Filipino horror film “Sigaw,” and they’ve also setup “The Most Powerful Magician on Planet Earth” at New Line…” (full details)