'Happening' day for M. Night Shyamalan

June 10, 2008 The filmmaker held an early Tuesday presentation of his 2010 Paramount Pictures/Nickelodeon Movies theatrical franchise "The Last Airbender" and later attended the New York premiere of his Fox thriller "The Happening." Shyamalan has storyboarded the entire live-action film twice, and his video presentation showed a series of hand-drawn landscapes -- more traditional than the series' anime style -- mixed with stock action footage, including Asian warriors on horseback. A large part of the reported $250 million projected budget of the three-film series will be spent on CGI special effects.

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.