Walter the Farting Dog: According to The Hollywood Reporter, New Line Cinema has optioned the best-selling children's book "Walter the Farting Dog" and has tapped Eric Champnella to adapt the picture book into a live-action feature.

The book, written by William Kotzwinkle and Glenn Murray and illustrated by Audrey Colman, tells the tale of perpetually gas-passing pooch Walter, who gets adopted from the pound by a family. The family's father eventually has enough and says the canine is pound-bound. But that night, two crooks break into the home, and Walter unleashes a hideous cloud, saving the day.

The book made its way to the top of the New York Times best-seller list (children's picture category) and spawned a sequel, "Walter the Farting Dog: Trouble at the Yard Sale."

A third book is in the planning stages.