The "Sweet Valley" novels followed the lives of identical twins with dissimilar personalities -- the sensitive and practical Elizabeth and the flighty and boy-crazy Jessica -- in the fictional town of Sweet Valley. There were more than 150 books in the series between 1983 and 2003 and a TV series with 88 episodes between 1994 and 1997.

U put out the word last week that it's not spending money for the rest of this year to advance development projects -- unless they're being fast-tracked or greenlit (Daily Variety, Sept. 18). Deal comes on the heels of a tepid opening for "Jennifer's Body," which Cody scripted.