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Phoenix Pictures has nabbed the feature film rights to Donald Westlake’s “Bad News” and is in talks with Milos Forman to direct a film version of the comic novel, part of Westlake’s Dortmunder series. … Phoenix is also fast-tracking a remake of Louis Malle’s thriller “Elevator to the Gallows” (1957). Leonard Goldberg, Neil Koenigsberg and helmer’s brother Vincent Malle are producing the pic.

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