In 1977, at the age of 8, I sat in a theater and experienced the awe and wonder that was Star Wars. At the time, no one had any idea what kind of cultural significance it would have or what it would mean for cinema in general and science-fiction films in particular. Though there have been many books, essays and college theses that have attempted to quantify and examine those impacts over the years, at age 8 I didn’t really care about such things.

If I’m being completely honest I should admit that I still don’t, I just remember sitting in the darkened theater being completely pulled into a new and completely realized new universe of awe and wonder and being completely captivated and immeasurably entertained by it. Thanks to James Gunn and Guardians of the Galaxy, that feeling has returned 37 years later.

According to a joint press release, Paramount Pictures and J.J. Abrams’ Bad Robot Productions have agreed to an extension of their exclusive, first-look agreement through December 2015. The deal looks to be incredibly lucrative for both sides.

“J.J. is a unique talent and a captivating storyteller,” said Brad Grey, Chairman and CEO of Paramount Pictures. “J.J., Bryan Burk and the whole Bad Robot team are an integral part of Paramount and we’re proud to continue our collaboration. Their pictures have extraordinary resonance around the world and we’re so pleased Paramount will be their home for years to come.”

Bad Robot Productions’ original first look deal with Paramount began in 2006. Since then we have had releases of a variety of successful films and franchise continuations. Considering that grosses on Mission: Impossible – Ghost Protocol are now $670M globally, while those for the Star Trek reboot hit $385M worldwide, it is no surprise that Paramount is excited about the continuation of this deal. Under the previous Paramount deal, Abrams also had made Cloverfield and Super 8, both of which did well at the global box office.

At 5:30 AM Pacific Time on Tuesday, The Academy of Motion Picture Arts and Sciences revealed their nominations for this year’s Oscars.

Hugo leads with 11 total nominations, including Best Picture and Best Director. The Artist scored 10 nods.

Some of the nominations were a big surprise, especially in the Best Picture catagory. While films like The Artist and The Descendants were a shoe-in, especially after their performance in the Golden Globes, Extremely Loud and Incredibly Close and The Help were also recognized. Also curiously, there were only nine pictures nominated as opposed to ten, which we’ve seen the past two years.

Best Director is chock full of veteran Oscar nominees. Woody Allen, Terrance Malick, Alexander Payne, and Martin Scorsese have earned almost 40 nominations all together. Michel Hazanivicus, however, is up for his first nomination.

Most notably absent from several catagories was Drive, for Best Picture, Best Actor for Ryan Gosling’s spectacular performance and Best Supporting Actor for Albert Brooks. It dig snag a nomination for Sound Editing, but I would have liked to see it recognized a bit more.

The Oscar buzz continues until the Academy Awards ceremony airs on Sunday February 26th. You can see the full listing of nominees after the jump, and let us know what you think of the nominations!

Kevin Smith can’t seem to get a break. Sure, things were great back when Clerks blew up and his deal with Mirimax helped him form a career. But between his issues with Dogma and the church, getting an audience for Clerks 2, the problems with getting Zack and Miri Make A Porno and the trouble with Cop Out,  the guy can’t seem to get a break lately in Hollywood.

Yesterday, Smith brought his newest project, the horror film Red State, to Sundance and had planned on a public auction for the film’s distribution immediately after the screening. He later decided that he was going to distribute the film itself to prove that the indie film world still held strong.

So, for a whopping $20, Smith bought the film from himself, and is now planning on taking the flick on the road with a very grassroots plan to get awareness and make back the film’s $4 million budget. From THR:

The film will go out via Smith’s SModcast with no marketing spend, though he said that he will talk to “any smart exhibitor” about potentially showing the movie.

“We are going to make our money back by going out on the road and going city by city,” said Smith. The tour will begin March 5 at Radio City Music Hall in New York City and make a stop at Midland Theater in Kansas City one week later.

In a time when not even adaptations of board games are off the table for most of the bigger Hollywood studios, a story like this isn’t as far fetched as it should be. McG, director of the Charlie’s Angels films and Terminator Salvation, is taking the lead on directing Ouija for Universal. From THR.

The studio’s planned film adaptation of the classic Hasbro board game about conjuring up spirits of the dead has had a tough go at finding a director but before the town shut down for the holidays, Heat Vision reported that McG presented Universal execs his vision for the project, which has a script by Tron: Legacy writers Edward Kitsis and Adam Horowitz and is being produced by Michael Bay’s Platinum Dunes.

He was vying for the gig against The Crazies director Breck Eisner, who pitched his take on the material the week before.

So not only is a multi-millionaire director taking on this project, but he was actually battling another one for this acclaimed position. Unfortunately, this one has been done. A few times, actually, since 1986’s Witchboard.

That hasn’t stopped McG from taking home the prize….of directing a film based on a supernatural board that allows people to speak with the dead. Well worth it.