Guy Ritchie is keeping himself busy, as the "Sherlock Holmes" helmer has already set his next directing gig: the big-screen adaptation of DC Comics' character "Lobo" for Warner Bros. Production is set to kick off early next year already.

Don Payne ("4: Rise of the Silver Surfer") wrote the script, and Joel Silver is on board as one of the project's producers. Don't expect the usual Ritchie violence though, because Warner is aiming for a PG-13 rating on this one.

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Here is your dose of film news from the trades and Web for Wednesday, Aug. 26, 2009:

• Malcolm Spellman is set to write a big-screen adaptation of the classcic television show "Soul Train" for Warner Bros. The show ran from 1971 - 2006, and host Don Cornelius is on board to produce the project. Variety says the film version will be set in the '80s. The story follows a guy with a talent for "popping," a specific street dance.

• Jason Winer is in talks to direct "Shining City," Warner's adaptation of Seth Greenland's novel. The film follows a dad who inherits a dry cleaning business and discovers it's only a front for prostitution ring. He decides to run it, until one of his enemies thretens to take him down. Jarrad Paul and Andrew Mogel are writing the script.

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Believe it or not, but the answer to that crazy question is YES! Warner Bros. has already ordered a sequel to Todd Phillips' upcoming comedy "The Hangover."

Now, why is that a crazy question again? Well, first and foremost, "The Hangover" won't open until June 5, 2009. That's still two months away.

Second, studios first tend to see how a film is performing at the box office and what kind of audience reception it gets, but in this case, WB must be convinced they have something really awesome heading our way.

Anyway, in the first film, three best friends literally lose their best friend during his wild bachelor party in Las Vegas. Together, they have to figure out what went wrong the night before. Bradley Cooper, Zach Galifianakis, Heather Graham, Jeffrey Tambor, Justin Bartha and Ed Helms star.

According to Variety, Warner also wants director Todd Phillips to write a script for the sequel with Scott Armstrong. Phillips, who also helmed "Old School," is set to direct the follow-up as well.

All I can say at this point is that I've liked what I've seen of "The Hangover" so far. The trailers sure are funny, so check out the latest one right here.

Stephen King's horror novel "It" will be coming to the big screen courtesy of Warner Bros.

The book has already been turned into a television series that starred Tim Reid, Tim Curry and John Ritter and debuted in 1990.

According to the Hollywood Reporter, Dave Kajganich is set to write the screenplay. His credits include "The Invasion," and he is also on board to write the remake of "Escape From New York."

"It" centers on a bunch of kids facing a sadistic creature that likes to suit up as a clown and terrorize children. Many years later the sadistic clown returns, prompting the same individuals to reunite and battle the forces of evil for good.

The most recent big-screen adaptation of a King novel was Frank Darabont's intense horror thriller "The Mist."