Variety is reporting that Hasbro is switching agencies -- from CAA to William Morris -- just as Transformers (based on a line of one of Hasbro's most successful toys) gears up to arrive in theaters on July 3. The article, which goes on to say that William Morris will "work on contemporizing" Hasbro brands like Monopoly, Ouija, Candy Land, Clue and Trivial Pursuit, also includes one juicy nugget regarding a live-action G.I. Joe movie. According to Variety, "[WMA] reupped Hasbro's deal with Paramount Pictures to turn G.I. Joe into a live-action feature with Lorenzo di Bonaventura to produce. An initial pact had expired."

Based on a recent script review over at Latino Review, it may have been best for all parties to let that sucker expire. The draft they reviewed was apparently one penned by Skip Woods (Swordfish) and, without going into too much detail, lets just say the main villain in the film is a guy named Cool Dude. Seriously. Way back when it was reported that di Bonaventura wanted to make a buddy flick featuring Action Man (based on the British toy) and G.I. Joe -- I believe the reasoning here was to make it so the film appealed to international audiences. We're not sure if this is still the route they're leaning toward, whether or not Woods is still attached, or if an entirely new script (and writer) is currently being sought. Rarely have I seen LR bash a script like this ("I hated what Skip Woods did to G.I. JOE so passionately that I burned the script in my barbecue over the weekend. I am trying to erase the memory that I wasted two hours reading the biggest and most disrespectful piece of sh*t script I have ever reviewed for this column), and so I'm hoping Paramount and di Bonaventura do a little bit more homework before messing with these iconic characters in a way that could completely ruin the brand. Fingers crossed.