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Welcome to the Smart Set. Every morning we bring you the gossip coverage, filtered. Today: Michael Mann plots a heist movie, Michael Ovitz sells some land, and Mickey Drexler talks successors.

  • Michael Mann and Paul Haggis are teaming up for Gold, "a contemporary thriller in the vein of The Treasure of the Sierra Madre," with Mann likely to direct. As long as it's not in the vein of Crash (or Public Enemies), we're happy. [The Hollywood Reporter]
  • J. Crew CEO Mickey Drexler wants creative director Jenna Wexler to succeed him when he retires from the top spot at the vintage-cord juggernaut. On second thought, make that executive vice Libby Wadle. The 66-year-old Drexler mentioned both by name during an interview with Bloomberg, set to air Friday. [Page Six]
  • Michael Ovitz (above) won't be Live Nation's landlord for much longer. The former power broker and his partners are selling the company's 57,000-sq. ft. Beverly Hills office space to commercial real estate investment firm Tishman Speyer Properties for a figure north of $20 million. [The Hollywood Reporter]
  • Battlestar Galactica executive producer Mark Verheiden will write the script the long-awaited adaptation of Stephen King's Dark Tower series. Ron Howard will direct the planned trilogy, and Javier Bardem has "all-but-signed-on" to play post-apocalyptic gunslinger Roland. [Empire]
  • Chad Millman will take over as editor-in-chief at ESPN the Magazine in June. Currently a deputy editor at the magazine, Millman has co-authored seven books, last fall's They Call Me Baba Booey, the autobiography of Howard Stern executive producer Gary Dell'Abate. [Poynter]

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