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It was a difficult decision for the committee that assembles the segment to omit Fawcett, said Academy of Motion Picture Arts and Sciences executive director Bruce Davis , who added that he's not surprised some fans and family members are upset.

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Fawcett's family issued a statement through a publicist Tuesday saying they were "deeply saddened" and "bereft with this exclusion of such an international icon who inspired so many for so many reasons." Davis said the academy committee debated about including Fawcett and Gene Barry , a longtime TV actor who died in December at age 90, in the memorial segment but ultimately omitted both. Davis and his colleagues thought that while the two actors appeared in movies, they were better known for their "remarkable television work" and would be more appropriately honored by the television academy at the Emmy Awards .

Full Story: Fawcett omission from Oscar segment no accident (AP)

NEW YORK – Annie Leibovitz , the photographer who mismanaged her fortune so badly that she faced losing legal rights to some of pop culture's most enduring images, has reached a long-term agreement with a private investment firm to help manage her debt and market her vast portfolio, both sides said Tuesday.

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Leibovitz, 60, will retain total control of her multimillion-dollar portfolio under the deal she signed with Colony Capital LLC of Santa Monica, Calif., on Monday, said Richard Nanula , a principal with the firm. Under the agreement, Colony will become the photographer's sole creditor and help market her archive of such provocative images as a nude John Lennon cuddling with a clothed Yoko Ono hours before his death, as well as a nude and very pregnant Demi Moore.

Full Story: Leibovitz can keep portfolio under new debt deal (AP)

Alice's Adventures in Wonderland " and " Through the Looking Glass ," had a mammoth opening weekend of $116.1 million.

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The top 20 movies at U.S. and Canadian theaters Friday through Sunday, followed by distribution studio, gross, number of theater locations, average receipts per location, total gross and number of weeks in release, as compiled Monday by Hollywood.com are: 1. "Alice in Wonderland," Disney, $116,101,023, 3,728 locations, $31,143 average, $116,101,023, one week. 7. " Percy Jackson & the Olympians: The Lightning Thief ," Fox, $5,124,623, 2,994 locations, $1,712 average, $78,057,749, four weeks.

Full Story: 'Alice in Wonderland' races to $116.1M opening (AP)

New York City for having a loaded gun on his tour bus in 2007, then was taken away in handcuffs to begin his term immediately.

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The Grammy Award -winning rapper, born Dwayne Carter, was sentenced in Manhattan after pleading guilty in October to attempted criminal possession of a weapon. He admitted having the loaded .40-caliber semiautomatic gun on his tour bus. The rapper will serve his sentence in city jails, not a state prison. He could be released in about eight months with good behavior .

Full Story: Lil Wayne begins year jail term in NYC gun case (AP)

LOS ANGELES – On a night when so many changes were intended to shake up the Oscar ceremony, the winners themselves were pretty predictable, with " The Hurt Locker " taking six awards including best picture.

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" Hurt Locker " director Kathryn Bigelow won the top directing honor for her intimate Iraq war drama, making her the first woman to take the prize — though as she's often said, she likes to think of herself as a filmmaker, period. Indeed, her win seemed like a given, even though Bigelow was going up against James Cameron , director of the sci-fi juggernaut "Avatar," who happens to be her ex-husband. (Bigelow was abidingly diplomatic backstage, despite reporters repeatedly trying to coax her to dish about him.) "Avatar" entered the night tied with "The Hurt Locker" for the most nominations, nine, but ended up winning just three awards in technical categories: art direction, cinematography and visual effects.

Full Story: Front-runners rule at predictable Oscars (AP)

LOS ANGELES – Academy Awards voters are expected to go very big or very small on their best-picture winner at Sunday's Oscars.

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The two favorites in the expanded field of 10 best-picture nominees are the as-big-as-it-gets blockbuster "Avatar" and the critical darling " The Hurt Locker ," which drew a tiny fraction of the audience its mammoth competitor pulled in. James Cameron 's "Avatar" would be the only science-fiction film ever to take home the best-picture prize. While war films have done well at the Oscars, Kathryn Bigelow 's "The Hurt Locker" would be the first winner centered on the war on terror , a subject that has stirred little interest among movie audiences shell-shocked by news coverage of Iraq and Afghanistan.

Full Story: 'Avatar,' 'Hurt Locker' lead expanded Oscar parade (AP)

." Bullock swung by the Razzies on the eve of her expected triumph at Sunday's Oscars, where she is considered the favorite to win best actress for "The Blind Side." If she wins Sunday, Bullock will be the first person to win an Oscar and a Razzie over the same weekend.

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Bullock, who also shared the Razzie for worst screen couple with "All About Steve" co-star Bradley Cooper , was the first acting winner to show up at the Razzies since Halle Berry won worst-actress for "Catwoman" five years ago. As she took the stage, Bullock pulled a little red wagon filled with DVDs of "All About Steve," saying she was giving a copy to everyone in the audience of about 300.

Full Story: Bullock, 'Transformers' make Razzies worst list (AP)

before the show starts. Not this time — at least for Sunday's top prize, and maybe the weekend's threatening weather.

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With the best-picture lineup expanded to 10 films instead of the usual five, the science-fiction spectacle and box-office behemoth "Avatar" is head-to-head with the low-budgeted, low-grossing Iraq War story " The Hurt Locker ." Each has nine nominations. Adding to the suspense is how this year's use of preferential voting for best picture — where voters rank the 10 nominees in order of preference — may affect the category's outcome.

Full Story: Predictability out of the picture at Oscars (AP)

The red carpet has been laid out in front of the Kodak Theatre , topped with a plastic sheet in case of rain. Traffic is snarled. Tourists are flocking to Hollywood & Highland to see a bit of the Academy Awards preparations and snap photos of themselves with giant Oscar statues.

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The theater itself buzzes with activity, as rehearsals continue from morning until night, with the occasional celebrity quietly stepping in to practice presenting the coveted golden guy. and Rachael Leigh Cook were among the celebrities who recorded public service announcements for the Creative Coalition Friday at Haven 360, an Oscar-week suite comprising gifting, parties and support for the arts.

Full Story: Gifts, parties and celebs: L.A. readies for Oscars (AP)

LOS ANGELES – The people behind Sunday's Oscars show are urging people to tune in early for one of the program's best sequences.

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Bill Mechanic, who is producing the awards ceremony with Adam Shankman , promised "the most dynamic opening, from drama to spectacle to humor, that has ever been staged." Shankman said the show will be funny, lively and fun. Dismissing a gloomy weather forecast, Sherak said definitively that it will not rain at Oscar time. Mechanic quipped that it would "rain humor." And Shankman said that when you produce the Oscars , there's no one you can't call, so "I just called God." "Like everything in Hollywood, it's a negotiation," he said.

Full Story: Oscar producers urge viewers to tune in early (AP)