Warner Bros. must really love the Green Lantern dailies. In a bold move, the studio has decided to have the writers of Green Lantern, Greg Berlanti, Michael Green and Marc Guggenheim, develop treatments for both Green Lantern 2 and The Flash. Additionally, the trio would then go on to write the screenplay for one of the films. Heat Vision Blog is reporting that Green Lantern 2 will ostensibly continue the intergalactic story of Hal Jordan (Ryan Reynolds) while The Flash will probably use the Barry Allen version of the character. At the very least, the writing is in capable hands considering that Berlanti, Guggenheim and Green have created the TV series Everwood, Eli Stone and Kings, respectively. Hit the jump for my thoughts on this big news.

Speaking to investors, Warner Bros. chairman and CEO Barry Meyer revealed that they were “nearing” a greenlight on The Flash.  According to Heat Vision, Meyer also spoke about their other superhero properties.  He repeated that Christopher Nolan’s Batman 3 was set for July 20, 2012 and that the new Superman movie—produced by Nolan and written by David Goyer (Batman Begins) and rumored to be titled The Man of Steel—was scheduled for the 2012 holiday season.

Meyer also revealed that the studio was had films for Wonder Woman, Aquaman, and Mad Magazine characters in development.  Hit the jump for what we know about all of these projects, including Steve’s interview with rumored Flash director Greg Berlanti (Life as We Know It).

It looks like The Flash is finally picking up speed as IESB reports that Warner Bros. is interested in getting Greg Berlanti to direct the superhero flick.  For those who don’t know, Berlanti co-wrote another upcoming WB superhero flick, Green Lantern, and was considered to direct before the studio settled on Martin Campbell.  Keep in mind, this is not a confirmation, but IESB says he’s the leading contender to take the job.  Since I imagine most folks (myself included) haven’t seen Berlanti’s 2000 film, The Broken Hearts Club: A Romantic Comedy, his second movie, Life as We Know It, is slated to hit theaters at the end of this year.

For more about how DC Entertainment President Diane Nelson has revived the cinematic opportunities for the company’s cherished superheroes, hit the jump.

You may recall our coverage of new DC Entertainment President, Diane Nelson’s, plan for the future direction of her division. Well, news is coming down the pipe that that new direction does not include The Man of Steel, as Nelson confirms that there are no present plans to bring the Last Son of Krypton to the silver screen in the near future. “We’ve obviously done a lot of great things behind the property in our history, and it’s a key part of our family,” says Nelson, “but we don’t have current plans behind Superman.” This comes as something of a surprise after all the talk about the future of the franchise, from James McTiegue’s comments on what he would do with the property, to comic writer Mark Millar’s constant threats to write a screenplay to reboot the series. Absorb some yellow sun rays and hit the jump to read more.

As we reported last week, mere days after Disney’s acquisition of Marvel and its well-organized slate of comic book adaptations, Warner Bros. countered by restructuring DC Comics into the WB. The result? DC Entertainment, a new division within Warner Bros. headed by Diane Nelson that will report directly to Warner Bros. Pictures Group President Jeff Robinov. She’s got big plans for DCE and new films featuring old favorites are only the start. Learn about her vision for DCE, how it represents a significant shift in the way comic book properties are viewed and whether or not Kanye West thought Dawn Ostroff got robbed after the jump.

I’m going to do my best trying to decipher the corporate ins-and-outs of the news that DC Comics is restructuring in order for its parent company Warner Bros to finally bring their major superhero properties to the big screen.  Hit the jump to have me comically (wordplay!) misunderstand everything.

[Update: We've added the full press release for the WB/DC-restructuring after jump]