The early estimates for the weekend box office are too close to call, with The Last Exorcism barely ahead of Takers. The two debuts earned $21.3 million and $21 million respectively. With such a small margin, these two could easily switch places on a busy Sunday. Read the full story

Last time director/writer/producer James Cameron set the record for the highest-grossing film in history, he closed on a shipwreck and a 101-year-old woman. Titanic didn’t leave much room for a sequel. Read the full story

Heat Vision via (First Showing) reports that Channing Tatum is attached to Ridley and Tony Scott’s Sci-Fi Romance Ion. The once unsellable script has gained new life because of its stylistic similarities to Avatar, a film that confirmed that the new generation of viewer is more concerned with style over substance. There is no denying Tatum’s commercial appeal, however, films such as Fighting, G.I. Joe, and most recently Dear John have been met with criticism and low box office turn outs. Nevertheless, Tatum appears to still be on the rise. In true Colin Farrell-esque fashion his staying power seems to be bulletproof, regardless of how unsuccessful his films continue to be. One could ague that Tatum has yet to be challenged and that the verdict is still out on whether he can put forth a strong performance, if given quality material. Ion may not be the opportunity that the young star needs to gain legitimacy in the industry.

Ion could very well turn out to be another over-financed, visually driven hallow film that will yield commercial success and little to no critical praise. This possibility becomes far less likely when the Scott Brother’s lend their collective genius to developing the script. Tatum also has story on his side. The script is reportedly a Sci-fi love story, which is just about the only part Tatum can play. The final beneficial detail is the that scrip comes from a first-time writer and we all know that now more than ever Hollywood is in desperate need of new material.

If Channing Tatum is challenged, can he deliver? Has the digital 3-D revolution reached critical mass?

/Film brings us some very odd news. Apparently production has just wrapped on a porn movie, produced by Hustler, based on Avatar. Hustler says it is the highest budget movie production to date and will be in 3D. The film will be called This Ain’t Avatar XXX. Read the full story

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Timed with Thursday’s Blu-ray release of Avatar, director James Cameron sat down with LA Times and gave some new details on the re-release of the highest grossing film of all-time as well as a sequel. Read the full story

I took an unofficial sabbatical last week from TFS and I know you all missed me dearly. Now it’s time to catch up on the DVDs that I missed in the past two weeks. Check out the ones from the 20th and the 13th below. Read the full story

Dreamworks‘ 3D endeavor How To Train Your Dragon ended the three week box office reign of Tim Burton‘s Alice In Wonderland. Grossing $43.3 million dollars in its opening weekend, the film has garnered only positive reviews, despite falling well short of Dreamworks’ opening weekend benchmark. Read the full story

Tim Burton‘s record setter Alice In Wonderland held the top spot at the box office for the third straight week, pulling in an additional $34.5 million dollars domestically. It edged out two solid debut performances in the process of bringing its total earnings to $265.8 million. Read the full story

In spite praising reviews, Green Zone failed to usurp Alice In Wonderland at the box office this weekend. Tim Burton managed to cover the $200 million budget in only the second weekend, as his movie grossed another $62 million, bringing the total to $208.6 million. Recall the slew of opening weekend records it garnered last weekend.

Paul Greengrass‘s Green Zone was the weekend’s runner-up bringing in only $14.5 million, as most of the weekend cash-flow went to Alice. It lead a list of sub-par debuts, ahead of She’s Out Of My League and Remember Me.

Fox Searchlight‘s Our Family Wedding also debuted this weekend in sixth position.

Avatar remained in the top 10, bringing in an additional $6.6 million in its 13th week, despite a poor showing at the Oscars last Sunday. This brings the total to $730 million.

Check out the top 10: (movie- weekend; total)

1. Alice In Wonderland- $62,000,000; $208,625,000

2. Green Zone- $14,535,000; $14,535,000 (debut)

3. She’s Out Of My League- $9,600,000; $9,600,000 (debut)

4. Remember Me- $8,300,000; $8,300,000 (debut)

5. Shutter Island- $8,140,000; $108,008,000

6. Our Family Wedding- $7,600,000; $7,600,000 (debut)

7. Avatar- $6,600,000; $$730,344,000

8. Brooklyn’s Finest- $4,290,000; $21,351,000

9. Cop Out- $4,230,000; $39,442,000

10. The Crazies- $3,650,000; $33,358,000

What is your favorite movie on the list? Have you seen Alice In Wonderland?

Coming Soon reports that James Cameron is most definitely planning a release of his Oscar-winning Titanic in 3D. Here’s what Cameron had to say about the release date:

We’re targeting spring of 2012 for the release (of a 3D version of ‘Titanic’), which is the 100 year anniversary of the sailing of the ship.

Cameron was also asked about the possibility of an Avatar re-release in 3D this upcoming fall:

We’re not officially announcing it right now but I’m hoping for fall. The wildcard is that we might be re-releasing the movie this fall. It’s kind of gotten stomped out (in theaters) because of ‘Alice in Wonderland.’ The word we’re getting back from exhibitors is we probably left a couple of hundred million dollars on the table as a result. The question is the appetite still going to be there after the summer glut of movies. We’re going to assess that. We’re talking about maybe adding in additional footage and doing something creative.”

Avatar has recently passed the $2.6 billion mark in theaters worldwide, and looks poised to earn even more. To read the entire interview with James Cameron, head over to USA Today.

Which re-release are you looking forward to the most? Avatar or Titanic?