With F. Scott Fitzgerald's story "The Mysterious Case of Benjamin Button" collecting a trio of Oscars this year, picking up the writer's best-known work "The Great Gatsby" sounds like a great decision for director Baz Luhrmann. The wildly experimental filmmaker behind "Moulin Rouge!" and "Romeo + Juliet" loves period pieces, so his choice to take on the novel makes plenty of sense. But who will he snag to play the film's large-shoed roles of Nick Carraway and Jay Gatsby.

"I know where you’re going," the director responded to MTV News on the red carpet of this year's Academy Awards. The Australian-born director chuckled when asked if he would be bringing back any of his previous collaborators for "Gatsby," and DiCaprio still has that youthful look and the acting chops that could slide right into the role of Nick. For now, though, he's just concentrating on his broader vision for the movie. Read more...

Love or hate his films (which include "Moulin Rouge" and the recent "Australia"), you can't deny that Baz Luhrmann has a flair for sprawling drama. He's taking that flair from the Outback to the economic heyday of the 1920's with his next project -- an adaptation of F. Scott Fitzgerald's classic novel, "The Great Gatsby." According to The Hollywood Reporter, he's officially snagged the rights, and is moving quickly to get the movie into production.

"Gatsby" is required high school reading these days -- but if you managed to skip it, we won't spoil it for you. It's a classic story centered on Jay Gatsby, who becomes a self-made and shady millionaire in order to win the love of his life, Daisy Buchanan. There's twists, love triangles, and tragedy, but it's especially famous for its depiction of the wealth and debauchery of the Roaring '20's. Read more...