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viewmaster_ink.jpg· Having coaxed more than $1.5 billion to date from its two Transformers trysts with Hasbro, DreamWorks has hopped into bed with Mattel for a movie based on its action-packed, 3-D View-Master toy. In a comment since removed from his Twitter feed, screenwriter Brad Caleb Kane likened the project to "the old '80s Amblin movies: Goonies, Young Sherlock ... in that vein," thus triggering a garage-sale gold rush around Hollywood for the next discarded children's activity and the 50-cent VHS tape that will influence its monumental big-screen adaptation. [THR]

Leonardo DiCaprio dares to make a film without Martin Scorsese, Paramount dares to make Baywatch a comedy, and more Hollywood Ink after the jump.

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