Watch Spoiler-y and Intriguing International Trailer for In Time

· With an all-star cast of up-and-comers (Justin Timberlake, Amanda Seyfried, Olivia Wilde, Cillian Murphy, Vincent Kartheiser, Alex Pettyfer and Matt Bomer) and Andrew Niccol (Gattaca) behind the camera/typewriter, In Time is potentially one of the more intriguing releases of the fall. Either that or a silly and overwrought mess of hacky future touches. Judging from the new international trailer intriguing could win out, but be careful: heavy spoilers await. Your Friday Buzz Break is here. · Speaking of videos, Christopher Lloyd filmed a commercial for an Argentinean electronics store that featured him in full Doc Brown regalia. [Movies.com] · MTV has released a still pic from the Hunger Games preview planned for the MTV VMAs on Sunday night. Of course they have. [MTV] · Universal has halted Wicked Lovely — Mary Harron’s adaptation of Melissa Marr’s bestselling novel — making it just the latest film the studio has bailed out on. [Variety] · “These are my favorite kinds of guys, part one.” Mindy Kaling, FTW. [Hello Giggles]

Madison Square Garden Second-Quarter Profit Drops 39% Among Restoration

NEW You are able to - The Madison Square Garden Co., controlled through the Dolan family, reported a lesser second-quarter profit on Friday as slightly greater revenue was offset by greater expenses in certain areas, such for team personnel transactions as well as for depreciation because of a restoration from the Monosodium glutamate arena. The shutdown of Monosodium glutamate and also the Theater at Madison Square Garden because of the restoration, referred to as Transformation project, began in mid-April. The organization stated Friday the arena will re-open at the end of October. Second-quarter revenue at the organization rose 3 % to $233.9 million, but earnings rejected 39 percent from $14. million to $8.5 million. The Monosodium glutamate Sports unit, including the NY Knicks basketball and NY Rangers hockey teams, saw revenue rise 18 percent within the latest quarter because of greater 2010 nfl playoffs revenue, however the unit thrown for an operating loss. The organization reported "greater direct operating expenses, together with a $5.5 million rise in expenses for several team personnel transactions" like a reason. The Monosodium glutamate Media unit increased revenue 3.8 percent as TV network advertising and affiliate fee revenue rose, but operating profit fell 9 % among elevated costs. Meanwhile, Monosodium glutamate Entertainment saw a 23 percent revenue drop, but simplified its operating loss by 36 percent. The revenue fell because of the restoration, but tha harsh truth enhanced because of "the lack of operating deficits incurred within the prior year period associated with a co-production and enhanced event-related results in the Beacon Theatre," the organization stated. "We accomplished these results even while the Madison Square Garden Arena and also the Theater at Madison Square Garden were not available for almost all the 2nd quarter," Madison Square Garden leader and Boss Hank Ratner stated."The Transformation project remains on schedule, using the Garden likely to re-open at the end of October.Our Transformation sales initiatives still progress well and that we remain certain that the project will generate significant growth for the company." Email: Georg.Szalai@thr.com Twitter: @georgszalai Related Subjects

J.J. Abrams talks Star Trek 2

J.J. Abrams is a busy man, what with Super 8 arriving in cinemas worldwide and all the attendant press commitments that go along with such a huge release. However, Abrams is the sort of character who always has one eye on the future, and it should come as no surprise that a Star Trek sequel is already beginning to occupy his thoughts."There have been a lot of things that we've been working on," he told Collider in a recent interview. "A lot of important elements that we just know we need to really nail down and solve.""Once you say, 'We're ready to go, but we don't have a finished script yet," or 'I'm directing and here's the release date but we don't have a finished script,' you're suddenly in production on a movie where you're thinking, 'Oh my god, we weren't really ready!'""I want to make sure we're putting the story, characters, cast, crew and, most importantly, the audience first, before we start talking about exactly which locations we're going to be shooting at, and what the wardrobe and visual effects budgets are. We need to get the important stuff right first."It sounds like Abrams has Paramount exactly where he wants on this one, although the Lost supremo is at pains to point out that he hasn't actually been confirmed as director just yet."We're working very hard on [that]" says Abrams reassuringly. "Hopefully we'll have something to talk about soon." Amen to that.Source: ColliderLooking forward to more Star Trek? Or should J.J. turn his attention elsewhere? Speak your mind!

Acad sets Gov. Awards honorees; Sherak re-elected

SherakWinfreyJones Tom Sherak has been re-elected to a third term as president of the Academy of Motion Picture Arts and Sciences, which also chose Tuesday night to honor Oprah Winfrey, James Earl Jones and makeup artist Dick Smith with honorary Oscars.This would ostensibly be the penultimate term for Sherak -- AMPAS presidents are limited to four terms, and are almost never opposed, meaning Sherak will assuredly serve a fourth term should he seek it.Sherak, who previously served as treasurer and is beginning his ninth year as a governor representing the executives branch, is currently a consultant for Skydance Productions and Relativity Media. The AMPAS Board of Governors also voted to bestow honorary statuettes on Jones and Smith, and to present the Jean Hersholt Humanitarian Award -- also a statuette-bearing honor -- to Winfrey. All three honors will be presented at the Academy's 3rd Annual Governors Awards dinner on Nov. 12.Though it had been speculated that the board would also consider more stringent rules governing the parties and screenings that support Oscar campaigns, the issue was not part of the Tuesday night agenda.The Governors' Awards, separated from the Oscar telecast two years ago, had been widely considered a hit, and allowed the Academy to broaden its selections with a more international feel. This year's honorees, however, remained firmly American:Jones, a Mississippi native, was nominated for an Academy Award in 1970 for his role as boxer Jack Jefferson in "The Great White Hope." Smith, known as the "godfather of makeup," was NBC's first makeup artist in 1945, and is known for his work on "The Godfather," "The Exorcist" and "Taxi Driver." The New York State-born Smith won the Oscar in 1984 for his work on "Amadeus," and was nominated for "Dad" in 1989.Winfrey, whose reputation as a TV icon precedes her, was nominated for her debut performance in "The Color Purple" in 1985; her honorary award recognizes her work in educational initiatives and raising awareness of issues that affect women and children.Also Tuesday, producers branch governor Hawk Koch was elected first vice president; executives branch governor Robert Rehme was elected to one vice president post and writers branch governor Phil Robinson was re-elected to the other. (Rehme replaces former AMPAS prexy and first vice-president Sid Ganis, who exited the governors' board because of AMPAS board term limits.)John Lasseter, chief creative officer at Pixar and Walt Disney Animation Studios, was elected treasurer. Lasseter is the Academy's short films and feature animation branch governor.Actors Branch governor Annette Bening was re-elected secretary.Sherak's two-year tenure has seen the Academy expand its Best Picture nominations from 5 to 10, a number that was tweaked this year to flex depending on academy voters' choices. He's also presided over the hiring of CEO Dawn Hudson, following the retirement of longtime exec director Bruce Davis.Sherak was previously a partner at Revolution Studios, where he oversaw the release of more than 30 films including "Black Hawk Down," "Anger Management," "Rent," and "Across the Universe." Before that, Sherak had a long tenure at Twentieth Century Fox, including positions as chairman of the Domestic Film Group and senior executive vice president of Fox Filmed Entertainment.Sherak began his career in the industry at Paramount Pictures in 1970. Contact Justin Kroll at justin.kroll@variety.com