The rumors have been swirling for awhile now, but this is definitely some solid progress. According to Deadline's Nikki Finke, Entourage Creator Doug Ellin is virtually done with the script:
I can now report that’s sooner rather than later: Ellin is on page 110 of his screenplay and “gonna finish by Sunday (I pray)”, he emails me. Ellin notes that no one wants to see the movie greenlighted by HBO more than the series’ WME packaging agent Ari Emanuel (the prototype for Gold) and executive producers Mark Wahlberg and Steven Levinson. Ellin says that Wahlberg keeps promising “to kill me if I don’t write faster. Every time I see him, Mark says, ‘I’ve made 5 movies this year. Get going!”
Ellin is writing under an overall development deal with HBO. He recently wrote another pilot (starring Drama's buddy Eddy Burns) which essentially sounded like "Entourage" for 40 year olds. Called '40,' the series was to follow around a bunch of childhood friends who were all officially reaching that dreaded middle-aged number. The pilot was ultimately never picked up, but Ellin has since turned his creative juices back to Vinny Chase and friends.
He says his script starts about 6 months after the TV series leaves off. “There are interesting developments about Ari as a studio head, and that’s still the first page for me. But foremost is the friendship between the guys who are still hanging out and going to fun parties, and it continues with the same characters.” Ellin has kept in touch with all the key castmembers: Jeremy Piven (“Ari”), Adrian Grenier (“Vince”), Kevin Dillon (“Drama”), and especially Kevin Connolly (“E”) and Jerry Ferrara (Turtle”) who are two of Ellin’s closest friends. Those Entourage actors have been getting other gigs while HBO has been paying Ellin for the script.
While HBO hasn't officially said they'd move forward with a movie, it'd be a bit silly for them to pass this up. With a built in audience and seemingly a decent amount of hype (I am posting this because you fools will likely eat this sh*t up), seems like a no-brainer.
Whatever the case may be, we should all appreciate the beautiful city landscape, our drinks, are friends, and toast to life and sh*t, because everything is always gonna work out.