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Paramount Seeks Upgrade; Facebook Eyeing Movies

• Paramount Pictures began the process on Tuesday to expand and renovate its lot over the next 25 years. Before any work on the $700 million project can commence, however, Los Angeles has to approve the studio's plans. Paramount is arguing that the upgrades will make 12,600 jobs and produce $3.1 billion. It already employs roughly 5,000 workers, the largest Hollywood employer, according to Paramount. Check it out at Deadline.

• Facebook, that thing from "The Social Network," is seeking an executive to help form relationships with the music and film industries, reported Reuters. Miramax and Warner Bros. have already struck deals with Facebook to stream select movies from their libraries.

• The Actors Fund charity benefit performance of "The Book of Mormon" has been rescheduled for December 7 at 1 p.m. The original performance was supposed to occur on August 28, but it was cancelled due to all Broadway theaters shuttering due to Hurricane Irene. Read the story at Playbill.

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