Naomi Watts is Australia's Highest Earning Actress

Naomi Watts has been named Australia's highest earning actress.

She was placed at number three on BRW magazine's list of the country's wealthiest entertainers with earnings of 12 million pounds, the Daily Express reported.

Watts has been placed behind Global Creatures -- the group responsible for Walking with Dinosaurs, the Arena Spectacular -- and children's entertainers The Wiggles.

She beat her childhood friend Nicole Kidman, who is in fifth place with 11.8 million pounds.

Colin Firth has become the latest star to find a place in Madame Tussauds museum.

The Oscar winner's statue, dressed in a black tuxedo and bow tie, has been put on display at the famous tourist attraction.

His is the eighth and final celebrity statue to be unveiled in 2011 and has been placed next to statues of Kate Winslet and the Beckhams.

'Colin is one of the hottest leading men of our time, an Oscar winner and a true British gent,' the Daily Express quoted a spokeswoman for the museum as saying.

Clint Eastwood's wife and daughters are reportedly shooting for a family reality show intended to air on the E! network.

According to the sources, the show will explore what it's like to live in a family of 'Hollywood royalty,' with the focus being on the relationship between Clint's wife Dina Eastwood, their daughters Morgan and Francesca -- an aspiring actress.

The 81-year-old has agreed to make a couple of cameos -- but will not be a main character on the show, TMZ reported.

The show is being produced by Bunim/Murray -- who produce all of the Kardashian reality shows along with The Real World and Bad Girls Club.

The producers are hopeful of getting the show aired in the next few months.

Lady Gaga has been crowned the biggest-earning female artist of the year.

According to Forbes.com, the Marry the Night singer's earning was more than double of any other female pop stars over the past 12 months, raking in an impressive $90 million in 2011, the Daily Telegraph reported.

Country singer Taylor Swift came in second with $45 million with Katy Perry closely behind her with $44 million.

Beyonce Knowles and Rihanna rounded off the top five, earning $ 35 million dollars and 29 million dollars respectively.

Gaga's remarkable earnings were mainly due to her Monster Ball tour, which grossed $1.3 million a night as well as many endorsement deals, which included the likes of Polaroid, Virgin Mobile, Monster Cable and PlentyOfFish.com.

The earnings estimates were arrived with the help of data from Pollstar, RIAA and others, as well as extensive interviews with industry insiders including lawyers, managers, concert promoters, agents and, in some cases, the musicians themselves.

The totals encompass all pre-tax income earned from May 2010 to May 2011, before subtracting agent and manager fees.