John Travolta's Powwow With Junior Gotti

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John Travolta is in the middle of a sit-down with John Gotti's oldest son -- Junior Gotti -- in an effort to get John to sign on to play the "Teflon Don" in a biopic about the mafia icon.

The two sat down with the movie's director Nick Cassavetes and executive producer Marc Fiore.

As TMZ first reported, sources close to the project tell us Travolta is in serious negotiations to play the role, but he hasn't signed the contract yet.

And, as we reported, producers are eyeing James Franco to play Junior Gotti.

Outside Amici restaurant in Brentwood moments ago, Gotti called John a "tremendous actor" -- and said he was "totally confident" that John would nail the part.

John Travolta as John Gotti!!!

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It's awesome casting ... John Travolta playing John Gotti in a new movie.

Travolta was at Amici restaurant (Italian, of course) in Brentwood last night, where he was coy about taking the role. But Marty Ingels -- the Executive Producer of the movie who dined with John -- was more direct, saying Travolta will play the lead role in the movie, titled "Gotti."

Sources tell us Travolta has not signed on the dotted line yet.

We're also told James Franco has been approached to play John Gotti, Jr. Awesome.

Our sources say Nick Cassavetes -- of "Alpha Dog" and "Notebook" fame -- is currently rewriting the script and will be the director.

Marc Fiore
-- who purchased the rights to Gotti's story back in September -- was also at the last night's meeting and is Executive Producer on the film.

Sam in 'Love Actually' 'Memba Him?!

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Thomas Sangster is best known for his character Sam in "Love Actually" and Simon Brown in "Nanny McPhee." Guess what he looks like now!

James Franco Hers and Hers and His

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James Franco donned a blonde wig and took to the mic during a party at Sundance for his short film, "Three's Company: The Drama."

He looks better as a brunette.

MJ 'Moonwalker' Screening No-Go

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Another crushing blow to Michael Jackson fans ... TMZ has learned the MJ estate has blocked an L.A. movie company from finally screening "Moonwalker" in an American theater.

The ArcLight theater had been on the hunt for a film print of the 1988 cult-classic ... but was having trouble because the film was never officially released in theaters in the U.S.

Now, ArcLight explains ... "We have bad news. It's not available" ... adding, "We contacted the films directors and producers and were finally directed to MJ's estate attorney. They let us know the estate has the rights, but 'have no plans to make... prints available for rent at this time.'"

However, the estate didn't slam the door on the idea of releasing it in the future ... so keep your fingers crossed.

MJ's 'Moonwalker' -- U.S. Movie Debut Imminent

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"Moonwalker" -- a collection of short films made by MJ in 1988 -- was never released theatrically in the United States ... but one L.A. movie theater is finally trying to make it happen ... for one night only.

TMZ has learned ArcLight Cinemas in Hollywood is on the hunt for a film print of the 1988 cult classic ... after MJ fans flooded the A.C. Facebook page with the challenging request.

According to reports, "Moonwalker" was never theatrically released in America because of failed negotiations with U.S. movie distributors back in the day ... however the flick was eventually released in The States on VHS.

FYI -- "Moonwalker" featured a super-iconic 25-minute featurette for "Smooth Criminal" ... which included an awesome cameo by Joe Pesci.

ArcLight claims they're actively searching for the print -- we'll let you know if the search succeeds.

New Spider-Man Flick -- Cover-Up Coming Soon

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Spider-Man geeks may have a huge problem with the new reboot -- and it has nothing to do with the fact that Tobey Maguire isn't starring in it. This time, it's location, location, location!!!

Check out TMZ on TV -- click here to see your local listings!

Spider-Man Flips Out While Filming Reboot

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Spider-Man is back in action!!!

In the video -- shot last night by a fan -- the webslinger dodges traffic in downtown L.A. before pulling off a stunt. Production on the fourth, still untitled, spidey flick started a couple weeks ago.

"Look out ... "

Jack in 'Lord of the Flies' 'Memba Him?!

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Chris Furrh is best known for playing the rebellious hunter Jack Merridew in the 1990 movie "Lord of the Flies." Guess what he looks like now!

Schwarzenegger: Four Boobs Are Better Than Three

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Now that Arnold Schwarzenegger's out of the office, he's just like every other guy ... he's got boobs on his mind -- "Total Recall" boobs to be precise.

Arnold was cruising his Brentwood 'hood -- one week after shaking that guv thing -- when our camera guy nominated Arnold for a new role ... in the upcoming 'TR' remake.

Arnold sounds like he'd be up for it ... but suggested an upgrade for the famous tri-boob chick.

Finally, an idea the people can get behind.

'80s Actress Catherine Mary Stewart 'Memba Her?

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In the 1980s, Catherine Mary Stewart starred in films like "The Last Starfighter," "Night of the Comet," "Mischief" and "Weekend at Bernie's." Guess what she looks like now!

Peter Postlethwaite Dead at 64

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Oscar-nominated character actor Peter Postlethwaite has died after a long battle with cancer at the age of 64.

Peter died Sunday in a hospital near his English home.

Nominated for an Oscar for his role in the 1993 film "In the Name of the Father," Postlethwaite also starred in movies like "The Usual Suspects," The Lost World" and most recently in "Inception" and "The Town."

Postlethwaite is survived by his wife and two children.

Farting Guy in 'Jackass' -- Busted for Weed

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Preston Lacy -- the guy who farted into the fart mask in "Jackass 3D" -- was arrested earlier this month after cops discovered something else with potent fumes ... marijuana.

TMZ has learned ... Lacy was busted in Oklahoma on December 14 -- after cops say Lacy was in possession of a controlled substance (weed) and drug paraphernalia (rolling papers).

Lacy was charged with two misdemeanors -- and if convicted, he could spend up to two years in prison and face $2,000 in fines.

Attempts to reach Preston were unsuccessful.

Adam in 'Honey I Blew Up the Kid' 'Memba Him?!

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Twin brothers Daniel and Joshua Shalikar are best known for playing the blown up baby Adam Szalinski in the 1992 movie "Honey I Blew Up the Kid." Guess what he looks like now!

Producer of 'Lindsay Lohan' Movie Backpedals

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The writer/producer of "Dogs in Pocketbooks" now insists his movie is NOT about Lindsay Lohan ... maybe because the Lohan's are making rumblings of a lawsuit.

Charles Casillo now tells TMZ ... reports that the movie -- about a starlet addicted to drugs and alcohol who goes in and out of rehab -- is based on Lindsay are "totally blown out of proportion."

Interesting comment, given what Casillo told Page 6 a few days ago: "[The movie] is in no way mean-spirited towards Lindsay. It's the kind of thing she has spoofed about herself in the past. It's more of a satire about the crazy people around her..."

As TMZ first reported, Lindsay's family is mulling over legal action. Lohan's lawyer Stephanie Ovadia says, "They are again using her likeness without her being compensated."

So now Casillo says the character is a composite of many young starlets, including Lindsay, Paris Hilton and Britney Spears -- mixed with some icons like Marilyn Monroe and Jean Harlow.

We love writers with good imaginations.

Lohans Mulling Over Legal Action Against Movie

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Producers of "Dogs in Pocketbooks" -- a movie pretty clearly based on Lindsay Lohan's wild ride -- may have to open their own pocketbooks, because the Lohan clan is considering legal action.

As we told you yesterday, "Dogs" is based on a spoiled brat prone to alcohol and cocaine binges, reckless driving, failed rehab attempts, career-ending partying and ruthless hangers-on.

Lydia Hearst, Lindsay's spitting image, will star in the movie.

Dina Lohan says the new movie "is definitely based on Lindsay's likeness," and "We have a very strong case. It's shadowing E*TRADE" -- referring to Lohan's suit against the online brokerage firm which produced a commercial featuring a baby Lindsay.

Now we've learned Lohan's family lawyer, Stephanie Ovadia, has been contacted by the Lohan family and it seems Ovadia thinks they have a case: "They are again using her likeness without her being compensated."

Ovadia adds, "Not only that but they are advertising the fact that they are using her likeness."

Dina warns, "Anyone bringing negativity will be dealt with accordingly."