Sheen will play husband to Fonda's character on "Grace and Frankie"
Dean Devlin will produce the film, which aims to launch a new trilogy
No replacement has been named yet
The veteran screenwriter of blockbusters has been considered the frontrunner for weeks
Zak Penn wrote the script based on a story he conceived with Wiseman
The actresses will reunite for a 13-episode comedy called "Grace and Frankie" from "Friends" co-creator Marta Kauffman
David Ellison's Skydance Productions will finance two-thirds of the budget, with distributor Paramount picking up the rest of the tab
Francis Ford Coppola and Scott Rudin among those who have pulled off the feat before
Skydance Productions and Megan Ellison's Annapurna Pictures, who are rebooting the film franchise, will produce
From men in tights to Chinese moviegoers, there's a lot that should leave studio chiefs feeling grateful
Cornish made his directorial debut with "Attack the Block."
Slate deal with Blue Anchor comes in the wake of several similar pacts
Film is expected to serve as the first in a standalone trilogy that will see the return of Arnold Schwarzenegger
Goldberg had been president of production, but the promotion comes as Skydance expands into TV
Paramount is getting the "Jack Reacher" duo back together for another entry in the blockbuster franchise
Skydance and Paramount productions include Brad Pitt's "World War Z," "Star Trek" and "True Grit"
Paramount plans trilogy based on the original franchise, which starred Arnold Schwarzenegger
Megan and David Ellison are producing via their Annapurna and Skydance banners
Could David Ellison make TV shows for Paramount's incipient TV division?
Fred Savage will direct the film from a script by "Happy Endings" creator David Caspe
These Hollywood executives face some big challenges this year
The brother and sister producers have secured the rights to make the next "Terminator" films
The studio had planned to release the 3D movie on June 29, 2012
The "Star Trek" and "Transformers" writers are shifting to David Ellison's company from DreamWorks on film projects
The daughter of Oracle Corp. co-founder Larry Ellison, Megan, has followed brother David into the movies, and is funding Spike Jonze, Kathryn Bigelow and Paul...
The Coen brothers' gritty western will now ride into theaters on Dec. 22
Director Brad Bird has cast the award-winning actor as a Russian agent in Paramount's globe-trotting sequel
Director Brad Bird has cast the "Precious" actress as a young operative in Paramount's action sequel
David Ellison's company will finance at least four movies a year
Dark Horse Entertainment, Skydance Prods. and The Mark Gordon Company are teaming for the feature film