Tuesdays are always pretty exciting, because as you may know, new Blu-Ray releases hit the shelves of your local retail store as well as the virtual shelves of online retailers like Amazon.com. Sorting out what’s hot and what’s not, that’s a bit of a chore so I’ve put together a brief synopsis of the notable releases for Tuesday, March 1st.

Available on Blu-Ray Today:

• 127 Hours Starring James Franco and Kate Mara
• Love and Other Drugs Starring Jake Gyllenhaal, Anne Hathaway, Judy Greer and Oliver Platt
• Burlesque Starring Cher and Christina Aguilera
• Faster Starring Dwayne Johnson and Billy Bob Thornton
• Pirates of the Caribbean Trilogy (7-disc set) Starring Johnny Depp, Kiera Knightly
• Out of Sight Starring George Clooney and Jennifer Lopez
• Cannes Man Starring Seymore Cassel, Francesco Quinn, Johnny Depp
• Waiting for Dublin Starring Andrew Keegan, Hugh O’Conor, Frank Kelly and Jade Yourell
• Bambi Walt Disney Diamond Edition

Wondering what’s releasing next week? Hit the jump for more of my picks for flicks hitting Blu-Ray on Tuesday, March 8th as well as some special deals and promos on this week’s new releases available only through Best Buy retail locations.

Seems that everyone got their fill of turkey and movies last week, as the overall box office was down 54% from last weekend.  Don’t worry, that’s normal.  Despite the box office being fairly slow, Tangled managed to best Harry Potter and finished the weekend in first place with $21.5M.  That brings its total to just over $96M.

Harry Potter and the Deathly Hallows Part 1 took a comfortable second place finish with $16.7M.  It dropped off about 65% in its third weekend.   The film is still playing on over 4,000 screens.

Burlesque and Unstoppable tied for third place, earning $6.1 each. Love and Other Drugs nabbed the fifth spot, making $5.7M.

The Warrior’s Way opened to little fanfare, and no screenings for critics. The film failed to make any sort of impact at the box office, placing in 9th place for the weekend, barely clearing $3M.

It’s a pretty big decision to choose the host of The Academy Awards every year. There have been some epic hosts in the past, and some pretty bad ones. One thing is for sure, it’s going to be hard to top last year’s picks of Alec Baldwin and Steve Martin. It seems like the Academy has made their choice, however, as word is coming out that James Franco and Anne Hathaway are currently booked for the event. Here’s the official press release.

“James Franco and Anne Hathaway personify the next generation of Hollywood icons— fresh, exciting and multi-talented. We hope to create an Oscar broadcast that will both showcase their incredible talents and entertain the world on February 27,” said Oscar telecast producers Bruce Cohen and Don Mischer. “We are completely thrilled that James and Anne will be joining forces with our brilliant creative team to do just that.”

Franco, who currently can be seen in “127 Hours,” will be making his second appearance on an Oscar telecast. His other film credits include “Eat, Love, Pray,” “Date Night,” “Milk” and “Pineapple Express.” Franco is also known for his portrayals of Harry Osborn in the “Spider-Man” trilogy.

Jamie Randall (Jake Gyllenhaal) is your average all-American boy: born and raised in Chicago to a wealthy family of doctors, super intelligent, and ultra charming to all the ladies. “This is my Thai friend,” coos Lisa, one of his soon-to-be conquests, “I’m a little Thai-curious myself. She’s a little Jamie-curious” You can imagine where it goes from there.

Wait, that’s not what happens to everyone? Oh. Well, everyone makes mistakes. Everyone, that is, except Jamie.

Love and Other Drugs is based on the book Hard Sell: The Evolution of a Viagra Salesman by, not surprisingly, the real Jamie Randall (whose real last name is Reidy), and it sits back in awe of its protagonist, who’s portrayed as close a thing we mortals shall ever get to seeing an actual god.

And so it’s no surprise that when he meets the woman of dreams, Parkinson-sufferer Maggie Murdock (Anne Hathaway), the conflict in their relationship is driven almost entirely by her reluctance to fall in love with anyone due to her condition. “I hope you’re full of shit,” she says when they decide to become purely physical lovers, “Blow it out your a$$,” I think.

The AFI Fest 2010 (presented by Audi) has just announced its gala screenings, and a tribute to The King’s Men director and cast. The centerpiece galas will include the following films.

Abel directed by Diego Luna.  Synopsis: A strange, alluring fable of a disturbed child attempting to become his own father. Cast includes Christopher Ruíz-Esparza, José María Yazpik, Karina Gidi, Carlos Aragón, Gerardo Ruíz-Esparza, and Geraldine Alejandra.

Barney’s Version directed by Richard J. Lewis. Synopsis: A wise and witty tale of a seemingly ordinary man who lives an extraordinary life. Cast includes Dustin Hoffman, Paul Giamatti, Rosamund Pike, Minnie Driver, Rachelle Lefevre, and Scott Speedman.

Blue Valentine directed by Derek Cianfrance. Synopsis: Flooded with romantic memories of their courtship, Dean and Cindy use one night to try and save their failing marriage. Cast includes Ryan Gosling and Michelle Williams.

Casino Jack directed by George Hickenlooper. Synopsis: Notorious lobbyist Jack Abramoff finds himself in bed with mafia assassins in this fact-inspired film. Cast includes Kevin Spacey, Barry Pepper, Kelly Preston, Rachelle Lafevre, Jon Lovitz.

The Company Men directed by John Wells. Synopsis: Bobby Walker is living the American dream when corporate downsizing forces him and two co-workers to re-define their lives. Cast includes Ben Affleck, Chris Cooper, Kevin Costner, Tommy Lee Jones, Maria Bello, and Rosemary DeWitt.

A special ensemble tribute to The King’s Speech will also serve as a gala screening. Director Tom Hooper and actors Colin Firth and Geoffrey Rush will be in attendance.