Will 'Twilight's' Taylor Lautner ring in 'New Year's Eve

New Line Studio has greenlit "New Year's Eve", a spinoff -- of sorts -- of "Valentine's Day," that will also be directed by Garry Marshall. And The Dish Rag got the inside (and exclusive) story from VD screenwriter Katherine Fugat at the film's LA premiere about her upcoming script and the casting.

The VD sequel will be set in New York on New Year's Eve, right in the middle of Times Square and the iconic ball drop will no doubt be the finale. Filming starts in November and Fugat says some of the actors from VD will appear in it, but they will play different characters. As in new characters.