1. Simon Cowell is about to make more money than “the 2008 salaries of Miley Cyrus, Ryan Seacrest, Jessica Alba, Carrie Underwood, Eli Manning, 50 Cent, Scarlett Johansson, and Albert Pujols combined.” [via Zap2It]
2. Quincy Jones is hoping to bring Vibe magazine back online. [via Idolator]
3. Beyoncé and her mother plan to launch new junior apparel label named after and inspired by the star’s crazy alter-ego, Sasha Fierce. [via @womensweardaily]
4. Good news for Michael Bay: “For decades, summer blockbusters have vacuumed up people’s money in spite of how bad the reviews are.” [via WaPo]
5. Anne Hathaway, Hugh Jackman, and most of Judd Apatow’s Frat Pack have all been invited to join the Academy of Motion Picture Arts and Sciences. [via THR]