Your pop culture cheat sheet

Here's what's happening in the world of entertainment:

The Aerosmith saga continues: guitarist Joe Perry now tells People that Steven Tyler will be taking a break for two years, and in the meantime, the band's future is "up in the air."

Harvey Keitel has joined the cast of "Little Fockers," a sequel to "Meet the Parents" and "Meet the Fockers," The Hollywood Reporter says. Ben Stiller, Teri Polo, Robert De Niro, Blythe Danner and Owen Wilson will all return in their original roles. "Parents" and "Fockers" were huge hits in 2000 and 2004, respectively.

Movie studio MGM will be auctioned off in the next few weeks, Variety reports. So far, the studio has only released the remake of "Fame" this year.

ABC has canceled Kelsey Grammer's new sitcom "Hank," according to The Hollywood Reporter. It was the only one of the network's four Wednesday night comedies to under-perform in the ratings.