Joe Medjuck Movie Updates

Universal and Montecito Picture Co. are hoping to develop a doozy of a follow-up to the 1988 hit comedy that starred Arnold Schwarzenegger and Danny DeVito that would reunite the two stars.

Montecito Picture Co. has pre-emptively purchased Rockabye Baby, a spec script from writer Chris Baldi.

The Montecito Picture Co. is getting into the creature feature biz, preemptively picking up Monsters of the Midway, a spec by Jeff Lowell.

Montecito and Paramount are going on a "Field Trip." Montecito, run by Ivan Reitman, Tom Pollock and Joe Medjuck, has dipped into its discretionary fund to pick up a sci-fi-tinged adventure comedy pitch from Jordan Cahan.

Brian Gatewood and Alessandro Tanaka have been hired by Paramount to write the screenplay for the studio’s feature adaptation of “Baywatch.”