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Also: Listen to "Celebrity Watch" from CNN Radio's Ken Pauli
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Web posted on: Thursday, October 08, 1998 5:46:44 PM

Today's buzz stories:

Arquette and Cox

More than friends: Cox, Arquette engaged

NEW YORK (CNN) -- David Arquette and Courtney Cox are engaged to be married. Cox, who stars as the love-starved Monica on the sitcom "Friends," and Arquette, whose film career is taking off, met while filming "Scream" in 1996. They have been dating on and off ever since. Cox's publicist confirmed the engagement, according to TV Guide. "There's no date," the publicist was quoted. "The only information I can give you is they're engaged. So don't ask me any more questions because I can't talk about it." Arquette, 27, and Cox, 34, recently moved in together, and both have professed their love for each other on various talks shows.

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Stallone offering painting valued at $2 million

BEVERLY HILLS, California (CNN) -- Sylvester Stallone, who starred in films like "Rambo" and the "Rocky" series, is an art collector, but apparently wants to refine his collection. So, Stallone is offering for sale the William Adolphe Bouguereau painting "Alma Parens." Bouguereau, who lived from 1825 to 1905, is considered one of the most famous French artists of his period. "Alma Parens," valued at $2 million, will be sold through Sotheby's auction house. The painting, which depicts a young woman surrounded by children, will be shown at Sotheby's in Beverly Hills on October 16 and 17 and auctioned November 10 at Sotheby's New York.

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Elvis film shows the King at 20

LOS ANGELES (CNN) -- It's an old sighting of Elvis Presley, but it's being marketed like it's new. A silent 8mm film shot August 7, 1955, by Jim and Lois Robertson of Houston, shows the future King of rock 'n' roll performing before about 25 people at Magnolia Gardens, a recreational area outside of Houston known for featuring young and unknown performers. Presley was 20 at the time of the filming; experts say it's the oldest known footage of him. The clip is already in the Rock & Roll Hall of Fame and Museum in Cleveland, but it recently has been transferred to videotape, and copies are being released to stores nationwide October 20 by Tapeworm Video Distributors Inc.

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Reynolds strikes deal to balance finances

WEST PALM BEACH, Florida (CNN) -- Bankrupt Burt Reynolds has a plan to get back in the black, according to his publicist. A bankruptcy court in West Palm Beach Wednesday approved a reorganization plan for Reynolds under which he is expected to emerge from bankruptcy within the next month.

Under terms of the deal, Reynolds, 62, will keep his ranch home in Jupiter, Florida, and all of his personal property. He has agreed to make payments to his creditors over three years.

Reynolds was a major star in the 1970s and early 1980s, and recently made a comeback, winning a best supporting actor Oscar nomination for his role in "Boogie Nights."

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Oprah says 'Beloved' helped her realize gift from past

CHICAGO (CNN) -- Oprah Winfrey tells USA Weekend that while filming her new film "Beloved" in 1997, she had decided to quit her wildly popular talk show because she was tired. But midway through the shoot, she realized something: "I thought, 'How dare I think that I could be tired? Who am I to even say the words, "I am tired"?' I thought, 'You come from a people with no voice, no money, no power, no vision, no vehicle for themselves and their children. You've been given this,'" Winfrey says. She decided at that moment to continue with her talk show. "Beloved," the film based on the Pulitzer Prize-winning Toni Morrison novel, releases Friday.

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Reuters contributed to this report.

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