Here's your daily dose of film news for April 22, 2009:

• Elizabeth Banks will star in and produce DreamWorks' comedy "Forever 21," according to the Hollywood Reporter. Mike Culbert and Mike Pellettieri wrote the script, but plot details are strictly kept under wraps for now. Banks recently starred in the terrible horror flick "The Uninvited" and the hilarious comedy "Role Models."

• "High School Musical" sweetheart Vanessa Hudgens will play the lead role in CBS Films' "Beastly," a reimagining of "Beauty and the Beast." Daniel Barnz, the guy behind "Phoebe in Wonderland," wrote the script and will direct the project, according to Variety. Hudgens will also star in Zack Snyder's upcoming "Sucker Punch."

• As you may have already heard, Arnold Schwarzenegger will show up in McG's upcoming "Terminator Salvation." He's just not going to stand in front of a camera. In fact, Arnie will be digitally added to the film, which will hit May 21, 2009. Schwarzenegger said he's too busy to participate in the project in any other capacity. (Variety)

• James Marsden is set to star in Rod Lurie's reimagining of "Straw Dogs," according to the Hollywood Reporter. The film will focus on a screenwriter whose relationship with his wife starts to change for the worse after they move to her hometown in the South. Marsden recently starred in "Sex Drive."