By CBS News' Karina Mitchell

For those of us who reveled in - or at least remember - the rush of the '80s, a time dominated by hedonistic pleasures and the intoxication of Wall Street, this week's "Showbuzz" provides a blast from the past.

In an era when excess was synonymous with success, everything from finance to fashion to food sought over-the-top results. This was reflected in pop culture, too.

Larger-than-life figures like Michael Douglas' Gordon Gekko from "Wall Street" and Joan Collins' Alexis on "Dynasty" provided a window into the "go-go 1980s" where big money, big hair, big shoulder pads and big action dominated large and small screens.

This week, filmmakers are hoping to cash in on the nostalgia with remakes of two big-name brands from that era.

Director Joe Carnahan brings back "The A Team" - Hannibal (Liam Neeson), Face (Bradley Cooper), Murdock (Sharlto Copley) and B.A. Baraccus (Quinton "Rampage" Jackson). In the latest version, which includes a butt-kicking Jessica Biel as Captain Charisa Sosa, the foursome of misfit heroes-for-hire, now crackerjack Iraq war veterans, are out to vindicate themselves. They are accused of a crime they didn't t commit after being commissioned by a dubious CIA officer (Patrick Wilson) to retrieve a billion dollars in U.S. counterfeit currency. Biel's character is the U.S. military captain charged with bringing them to justice. She's also Face's ex-girlfriend.

This version of "The A Team" provides all of the same high action and antics of the hit 1980s TV show and then some. It's a gangbuster summer blockbuster with all the larger-than -life action you could hope for. (Ah, I love it when the "Plan" comes together!

Also out is Columbia Pictures "The Karate Kid," starring Jaden Smith, Jackie Chan and Taraji P. Henson. Directed by Harald Zwart ,this remake of the film that starred Ralph Macchio and Pat Morita, revolves around Dre Parker (Smith), a 12-year old who finds himself completely displaced when his mother moves him from his home in Detroit to Beijing, China, because of her work.

After falling for his classmate Mei Ying, Dre finds himself in a clash of cultures that he cannot overcome. Things get worse, when Cheng, the class bully, is angered by Dre's interest in Mei Ying and gets aggressive with a series of martial arts moves that leaves Dre not knowing how to stand up for himself. That's when he meets Mr. Han (Jackie Chan), a martial arts master who teaches him all the right moves. Dre quickly learns, however, the art of Kung Fu is more than just parries and punches; it can put you squarely in the middle of the fight of a lifetime.

Jackie Chan fans should definitely not miss this chance to see their martial-arts icon do his thing. He is in his element in this film, giviong one of his strongest performances ever in an English language film.

Charismatic Jaden Smith, son of actors Will Smith and Jada Pinkett Smith, shows he's got his acting chops.

Even though the question on everyone's mind is, "What does this film have to do karate," it's a nice diversion from all the other animated, 3-D movies out this summer.

For those afflicted with 'Bieber Fever,' check out the result of Justin Bieber's jam with Jaden Smith on 'Never Say Never,' the theme song from the film.

That's all the buzz for now. Be sure to check out the "Showbuzz" next week for more summer movie action.

NEW YORK (CBS) Actor Gerard Butler, the 40-year-old "300" hunk, is apparently smitten with a Kazakhstani billionaire beauty.

Her name is Gaukhar "Goga" Ashkenazi and she reportedly is the glittery and well-moneyed object of the Scottish film star's off-screen affections.

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NEW YORK (CBS) Oscar-winning filmmaker Ron Howard will be honored with a lifetime achievement award Saturday at the 46th Chicago International Film Festival.

PICTURES: Ron Howard Honored

The 56-year-old actor, producer and director has a career spanning more than 50 years with early roles on "The Andy Griffith Show" and "Happy Days" and later evolving as a filmmaker behind such classics as "Splash," "Apollo 13" and the critically-acclaimed "A Beautiful Mind," for which he won a Best Director Oscar.

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NEW YORK (CBS) Fans of "The Proposal" are in for a treat. Oscar-winning actress Sandra Bullock and actor Ryan Reynolds are set to recreate movie magic once more.

They will join forces once again for "Most Wanted," an action-comedy feature that was sold to Universal Pictures this weekend. 

PICTURES: Sandra Bullock

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NEW YORK (CBS) Red, white and spangles stood out on the red carpet at the MTV Movie Awards Sunday night in Los Angeles with high fashion marks going to Sandra Bullock, Scarlett Johansson, Anna Kendrick and Cameron Diaz, among others.

Who could have done better? Blue-haired Katy Perry ruined a good glittery see-through outfit with her wig, and the awards' princess, Kristen Stewart, looked as if she just walked out of gym class.

Pictures: MTV Movie Awards 2010
Sandra Bullock's Coming Out Party
Sandra and Scarlett Lock Lips

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By CBS News' Karina Mitchell

Move over, Shrek. "Toy Story 3" is making its way to the big screen and, if speculation is to be believed, the toys are set to make a whole lot of green for their creators.

Sixteen years after the adorable toys first made their debut, and 11 years after the sequel, the third installment of Pixar's fantastical toy adventure is set to open across the country June 18. However, that is just the beginning of the media and marketing frenzy.

Walt Disney Co. says it estimates retailers will sell more than $2 billion worth of "Toy Story 3" merchandise this fiscal year.

"We're more than halfway through the year so we feel pretty comfortable with that number," said Andy Mooney, head of Disney's consumer products division. "It would most likely be our biggest event property ever."

Some financial analysts say that figure is overly ambitious and is roughly in line with the turnover that Disney's consumer division makes annually. Still, there seems to be little dispute that these toys are set to become a merchandising bonanza. Combined merchandising, including toys, apparel, stationery and books has so far reaped more than $9 billion in global retail sale for the franchise, according to Disney.

So what do fans have in store for them in the latest caper, which is also rumored to be their final big-screen adventure?

Eleven years after we last caught up with them, Woody (Tom Hanks), Buzz (Tim Allen) and the whole gang are back. Andy (John Morris), their owner, is heading off to college and Woody and Buzz are worried about their future. Andy plans to put the toys in the attic, but after his mother accidentally throws them away, the toys end up being donated to Sunnyside Daycare.

The toys make new buddies like Mr. Pricklepants (Timothy Dalton) and Lots-o'-Huggin', a pink teddy bear and a suave doll named Ken (Michael Keaton) who falls in love with his idea of a dream girl - who else but Barbie (Jodie Benson). Everyone is having a good time at daycare, except for Woody, who wants to go back to Andy. Instead, he ends up in the hands of another little girl, whose toys warn Woody about the dangers of Sunnyside. Chaos ensues when the toys get mad at the tiny tots at daycare, who just don't want to play fair! Woody and Buzz are as endearing as ever, and a cast that includes a who's who of big names, helps bring this animated tale to life.

2010 is shaping up to be a big year for animation with the release of "Shrek Forever After" and "Toy Story 3" virtually back-to-back. It will be interesting to see which of the two go out with the biggest bang in their finales. Disney executives are already saying they are not ready to pack away the toys just yet, though. In the works is a plan to make as many as four short "Toy Story" cartoons annually to keep the toys and the brand alive. Sounds like they may just have a game-winning idea on their hands.

With the recent Memorial Day box office coming in as the lowest grossing in a decade, Hollywood hopes upcoming releases pull the summer season out of its slump.

One movie sure to draw in the crowds is the latest installment of the "Twilight" saga. Check out this week's "Showbuzz" for a sneak peak of what to expect in "Eclipse", as Edward, Bella and Jacob return to the big screen, falling ever deeper into a perilous love triangle. Look for the fan frenzy to fire up soon; the franchise releases the explosive triquel June 30.

That's all the buzz for now. Be sure to check out the "Showbuzz" next week for more exciting summer blockbuster news.

NEW YORK (CBS) "Twilight" actress Kristen Stewart finds herself at the center of controversy over comments she made comparing getting photographed by the paparazzi to "rape."

Stewart, 20, was quoted making the remarks in the July issue of British "Elle" magazine. 

PICTURES: Kristen Stewart

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NEW YORK (CBS) The hottest stars in film will battle it out for Golden Popcorn at the MTV Movie Awards this weekend and one classic actress, with a knack for tackling, has quite a "feel up" on the competition.

"Golden Girls" favorite Betty White is up for one nod in a category humorously titled "Best WTF Moment."

PICTURES: Betty White Through The Years

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NEW YORK (CBS) Hollywood stars took to Twitter to express their condolences over the recent death of filmmaker Dennis Hopper, who died in his home in Venice, California at age 74.
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NEW YORK (CBS) The "Sex and The City 2" franchise remains in fashion, based on Thursday's box office receipts. Opening day for the sequel wooed an estimated $14.2 million from a predominately female fan base, according to The Hollywood Reporter.

The New Line film is expected to top $60 million through Memorial Day on Monday.

PICTURES: "Sex 2" on Location
PICTURES: "Sex and the City 2" Premiere

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NEW YORK (CBS) The battle of the box office this holiday weekend will come down to a matter of preference: shirtless men or Manolo Blahniks?

"Sex and the City 2" and its four well-dressed leading ladies, on a jaunt to Abu Dhabi, will face off against Jake Gyllenhaal as an action hero in "Prince of Persia: The Sands of Time."

Pictures: "Sex and the City 2"
Pictures: Summer Cinema 2010

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By CBS News' Karina Mitchell

NEW YORK (CBS) Two years after the first "Sex and the City" made a $400 million killing at the global box office, the sequel has been rolled out.

Ladies everywhere are getting ready to step into high gear, pulling out their most fashiona ensemble, and donning those sky-high stilettos to make a night of hanging with their favorite foursome.

Pictures: "Sex and The City 2" Premieres
"Sex and The City:" Complete Coverage

The fact that "Sex and the City" has as its base these salivating fans who just can't get enough of the women and their clothes is probably a good thing. They are the only ones with stamina to get through this weary two-and-a-half- hour production.

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NEW YORK (CBS) Victoria's Secret Angel Rosie Huntington-Whiteley is reportedly replacing actress Megan Fox for the next "Transformers" film.

Multiple sources confirmed to E! Online that Huntington-Whiteley will be playing Shia LaBeouf's love interest in "Transformers 3."

"She's accepted the offer, and I think they're just waiting for her to get her work visa since she's British," says a source close to the production.

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(CBS) What's behind rapper 50 Cents' shocking weight loss?

According to the website ThisIs50.com, the 34-year-old musician-turned-movie-star lost more than 50 pounds, dropping from 214 to 160, to portray a cancer patient in the movie "Things Fall Apart."

Pictures: Stars' Dramatic Makeovers

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