Here's your dose of film news for August 3, 2009:

• Will Ferrell was attached to star in and David Dobkin ("Fred Claus") was set to direct 20th Century Fox's comedy "Neighborhood Watch," but both exited the project, according to Variety. The film follows a city guy who moves to suburbia, joins the neighborhood watch, and quickly uncovers a major conspiracy.

• This is just a rumor at this point, but according to TVNZ, Katie Holmes has been approached to star in "Sex and the City 2." Apparently, Holmes would play big-time company executive who will clash with Kim Cattrall's Samantha Jones. I'll believe it when I see her on the screen.

• Earlier this year we found out Fox is prepping "Hitman 2," and according to ComingSoon, Timothy Olyphant said he may return as Agent 47 if the studio wanted him back. "If they want me to do another one, I supposed they could have me, yes," he said.

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Kevin Kline, Paul Dano, Katie Holmes and John C. Reilly have signed on to star in Shari Springer Berman and Robert Pulcini's new comedy "The Extra Man."

Variety describes the plot as follows:

"Kline plays a failed playwright who works as an escort for rich widows on the Upper East Side. He develops a mentor-student relationship with a troubled aspiring playwright (Dano)."

The film is based on the novel by Jonathan Ames, who wrote the screenplay with Springer Berman and Pulcini. The duo's directing credits include "The Nanny Diaries" and the superb "American Splendor."

Kline is just the right guy to play a failed playwright. The actor was last seen in "Definitely, Maybe." As for Dano, he most recently delivered a superb performance in "There Will Be Blood."

Holmes' last film was the crappy "Mad Money," while Reilly was last seen in the mildly funny comedy "Step Brothers."