huge fire raged aross the Universal Studios compounds, destroying several sets. The King Kong exhibit is “three quarters lost” and the New York set — where Spiderman 2, The Transformers and Ghost Whisperer were filmed– is history.

Universal Studios, which was also the venue of the MTV Movie Awards, says the event will push through. (So yes, we do get to see Mike Myers’ underwear.

Experts still don’t know what caused the fire.