JJ Abrams and Stephen Spielberg team up for Super 8

HeatVisionBlog has posted details on JJ Abrams’ and Stephen Spielberg’s hush-hush collaboration project, tentatively titled Super 8, which they concocted a year ago from discussions of their own early filmmaking experiences. Apparently bits and pieces about the project began bubbling up last week.

Abrams wrote and will direct the film this fall for a summer 2011 release through Paramount. Spielberg will produce the project with Abrams for $45 million-$50 million.

Super 8 has nothing to do with the runaway hit Cloverfield and will be shot traditionally.

Paramount apparently a lot of faith in the project, as it’s being released among the likes of Thor, Kung Fu Panda: The Kaboom of Doom, Transformers 3 and First Avenger: Captain America. Abrams own Mission: Impossible 4 was also on the slate for next summer, but according to the report, Paramount has swapped M:i4’s tentative Memorial Weekend release date back to December 16th.

The article doesn’t give many details about the teaser trailer itself, which is attached to Iron Man 2 this weekend, but it’s being rolled out Cloverfield-style. Cloverfield was spliced in front of Transformers when it hit theaters in the summer of 2007, then went on to gross $168 million worldwide for Paramount when it opened in January 2008.

I’ll post the trailer as soon as it hits the net.