Carey Mulligan stars as Daisy Buchanan and Leonardo DiCaprio stars as Jay Gatsby in Warner Bros. Pictures’ and Village Roadshow Pictures’ drama “THE GREAT GATSBY,” a Warner Bros. Pictures release.

Today writer/producer/director Baz Luhrmann reminded anybody with internet connection of his unique skill at taking old texts and modernizing them in cinematic majesty. As a new trailer for “The Great Gatsby” hit YouTube, it revealed a colorful, lush and melodramatic universe not too far from the ones he showed us in “Romeo + Juliet” and “Moulin Rouge!” One interesting difference between the upcoming “Gatsby” production and Luhrmann’s earlier works is his collaborator Jay-Z, who supervised the elite soundtrack, the lineup of which was also revealed today.

In an attempt to update the sound of Fitzgerald’s story, Jay-Z and executive music consultant Jeymes Samuel (aka Bullitts) have assembled a cast of some of music’s biggest names in an attempt to create the modern day equivalent of the Jazz Age.

As director Baz Luhrman notes, “F. Scott Fitzgerald’s novel is peppered with contemporary music references specific to the story’s setting of 1922. While we acknowledge, as Fitzgerald phrased it, ‘the Jazz Age,’ and this is the period represented on screen, we—our audience—are living in the ‘hip-hop age’ and want our viewers to feel the impact of modern-day music the way Fitzgerald did for the readers of his novel at the time of its publication.”

That being said, Jay-Z and company do not disappoint. Available on Interscope Records on May 4, the album includes a collaborations between Andre 3000 and Beyonce, Fergie and Q-Tip, as well as tracks by Jack White, will,i,am and Jay-Z, himself.

The full track listing is as follows:

1. 100$ Bill – JAY Z
2. Back To Black – Beyoncé x André 3000
3. Bang Bang – will.i.am
4. A Little Party Never Killed Nobody (All We Got) – Fergie + Q Tip + GoonRock
5. Young And Beautiful – Lana Del Rey
6. Love Is The Drug – Bryan Ferry with The Bryan Ferry Orchestra
7. Over The Love – Florence + The Machine
8. Where The Wind Blows – Coco O. of Quadron
9. Crazy in Love – Emeli Sandé and The Bryan Ferry Orchestra
10. Together – The xx
11. Hearts A Mess – Gotye
12. Love Is Blindness – Jack White
13. Into the Past – Nero
14. Kill and Run – Sia

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Gwyneth Paltrow just isn’t feeling it anymore when it comes to her acting career, according to Us Weekly. “She’s lost her passion for movies,” a source says. “She won’t quit acting. Her plan is to do one, maybe two supporting parts a year.” So what else will Paltrow use to fill her time? The source says she will mainly focus on her lifestyle Web site, Goop, with an aim to emulate another blonde star: Jessica Simpson. “She admires Jessica’s empire,” the source says. “She wants to make a killing.”

Charlize Theron‘s 1-year-old adopted son, Jackson, is already making headlines for his A-list birthday party, according to E! News. “Sandra Bullock was one of the first guests to arrive with her son Louis,” a source says of the fete held Sunday at Theron’s Hollywood Hills home. “As they walked into the party, they bumped into Chelsea Handler who had also just arrived in a limousine. They all walked in together and headed for the backyard where children’s music was playing and kids were running around.”

While Taylor Swift has already hit the recording studio in the wake of her split from Harry Styles, the One Direction member has pretty much kept mum about the ordeal — until now. “Yeah, I’m good,” Styles said when asked during an interview with Capital FM radio how he’s holding up. And when pressed specifically about Swift’s swipe at him during her Grammy Awards performance of “We are Never Ever Getting Back Together,” Styles took the high road. “She’s a great performer. She always performs great and she’s always good on the stage,” Styles says. “She’s done it for a long time. She knows what she’s doing on stage. It was just another good Taylor Swift performance. It was good.” Hopefully it won’t be too awkward when they run into each other, as both Swift and One Direction are set to perform at the Brit Awards tonight.

Though she started the month dodging pregnancy rumors, Fergie is happy to finally announce that she and husband Josh Duhamel are expecting their first child. “Josh and me and baby makes three,” Fergie tweeted this week — along with the hashtag “my lovely baby bump.” She also posted photos of herself and Duhamel as children. The pair tied the knot in 2009.

Renee Zellweger is enjoying her relationship with guitarist Doyle Bramhall, and she’s not afraid to show it. The pair was spotted making out on the beach during their current Hawaiian vacation, according to E! News. “They have been really cute together,” a source says. “They’ve been openly kissing and cuddling. He even has his guitar on vacation with him and was playing it for her while they waited for their rental car.”

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