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Dakota Fanning and Elizabeth Olsen‘s talked about new film is finally ready to hit the big screen.

In Very Good Girls, the Hollywood it-girls star as fresh-out-of-high-school besties who make a pact to lose their virginity during the summer before they leave for college. They both fall hard for the same guy, hunky artist David, played by Boyd Holbrook, and lifelong bonds are strained when one starts seeing him on the down low.

Writer and rookie director Naomi Foner’s Very Good Girls also stars Ellen Barkin, Clark Gregg, Peter Sarsgaard, Richard Dreyfuss and Demi Moore.

The film hits select theaters on July 25th. Check out the trailer above.

Lana and Andy Wachowski‘s sci-fi epic Jupiter Ascending is being pushed back from July 18 to Feb. 6, 2015.

Warner Bros. and Village Roadshow co-financed Jupiter Ascending, which stars Channing Tatum and Mila Kunis. Insiders say the $150 million movie needed more special effects work.

According to the Hollywood Reporter, Warner Bros. is facing a potentially difficult summer and thus may have wanted to minimize its exposure due to Adam Sandler and Drew Barrymore’s recent comedy Blended stumbling badly, grossing less than $30 million to date, and Tom Cruise‘s Edge of Tomorrow also not doing well.

Stay tuned for more info as it becomes available.

La Toya Jackson is now engaged!

The singer and TV personality, 58, plans to marry her longtime business partner Jeffré Phillips, who popped the question while the pair vacationed in Hawaii last August. Phillips surprised Jackson with a 17.5 karat ring.

As for her wedding date, La Toya stated:

“You have to wait to see the show.”

Her reality show, Life with La Toya, premieres June 7th on OWN.

Fans of the Hercules franchise can finally rejoice.

The upcoming film, starring The Rock, has released the trailer and poster.

Hercules hits theaters July 25th, and we kinda can’t wait.

SOURCE: People, Hollywood Reporter, Deadline | PHOTO CREDIT: Youtube, Instagram, Wenn, Warner Bros.