Buzz News Roundup, 8/1

"The Closer" has been renewed for a fourth season, and the Futon Critic has all the details.
Meanwhile, ABC Family has ordered 10 more episodes of "Greek," Zap2it reports.
According to Hollywood Reporter, there will be a live-action Jack and the Beanstalk movie, starring Christopher Lloyd, Chevy Chase and Gilbert Gottfried.
Elvis's Graceland is getting even more over the top, writes Billboard.
ComingSoon reports that Ricky Gervais is set to star in a comedy titled Early Retirement about a workaholic who quits his job to spend more time with his family.
Kanye West has asked Peter, Bjorn and John to be his backing band when he plays in Sweden this month, Pitchfork reports.
Blair Underwood will join the cast of "Dirty Sexy Money," playing the nemesis to the wealthy Darling family, writes the Hollywood Reporter.
Variety reports that David Wain, "The Simpsons"' Harry Shearer and Rob Barrett are launching their own comedy site similar to FunnyOrDie called MyDamnChannel.
"Idol" finalists Sabrina Sloan and Sundance Head will record duets together for the Universal Motown label, Entertainment Weekly reports.