Looking for a The Lord of the Rings of their very own, the Weinstein brothers have acquired the rights to a series of five martial arts novels by Wang Du Lu. Collectively known as the Crane-Iron Pentalogy, the books gained exposure to a world-wide audience (though that audience probably didn't know it at the time) when the fourth in the series was used as the source for Ang Lee's wildly successful Crouching Tiger, Hidden Dragon. The planned movies - the most exciting of which will inevitably be Precious Sword, Golden Hairpin - will function as prequels and a sequel to Lee's film.

In addition to crowing about how these upcoming marital arts films are "an opportunity to do something revolutionary" (What that means is anyone's guess - cast Asian actors in Hollywood? Make a movie with the word "hairpin" in the title?), the Weinsteins also announced tentative plans to create a stage version of Crouching Tiger, Hidden Dragon. Yikes. Why do I immediately think of Andrew Lloyd Webber and a completely inappropriate emphasis on visual effects?