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Wall Street Movie Sequel Deal Now Finalized With Oliver Stone Directing Michael Douglas & Wannabe “It” Boy Shia LaBeouf

Posted by Timothy Sykes on Wed 29th of Apr, 2009 08:05:59 AM

UPDATE: This movie will be entertaining, or as entertaining as a business movie ever can be, but it won’t teach you how to profit from the stock market…for that you need to watch free training videos or study guides like these.

Oh yeah, this project has been around for several years, but only now that society wants to see Wall Street suffer for its sins has it been greenlit.

From The Hollywood Reporter:

Wall Street’s all the rage again — literally. And Oliver Stone and Michael Douglas have decided they have more to say about it.

Stone has just closed a deal with Fox to direct the follow-up to “Wall Street,” now tentatively called “Wall Street 2,” with Douglas starring. This would provide an unusual amount of continuity since Stone directed and co-wrote, with Stanley Weiser, the original 1987 exploration of the inner workings of the finance sector and its complicated relationship with greed.

The plot line for the new “Wall Street” iteration has not been divulged, but it will pick up with corporate raider Gordon Gekko, the character for which Douglas won a best actor Oscar more than 20 years ago. Gekko’s larger-than-life presence will once again loom over a younger upstart looking to navigate the shark-tank world of today’s Wall Street.

Shia LaBeouf is in talks with the studio to take on the younger role. Stone and Co. hope to begin production over the summer.

Allan Loeb (”21,” “The Baster”) was hired to rewrite the long-developing project in the fall and has apparently turned in a script strong enough to corral Stone, who reportedly was very cool to the idea of a sequel. Ed Pressman, who produced the original film, is producing the follow-up as well.

The CAA-repped Stone most recently directed the biopic “W.,” and before that helmed the Sept. 11 disaster drama “World Trade Center,” which itself was a kind of tragic bookend to “Wall Street’s” greed-is-good mantra. The new “Wall Street” project, with its up-to-the-minute placement in the context of the current global financial mess, should provide Stone with an ample palette for his typically provocative cultural commentary.

The Endeavor-repped Douglas last starred in the 2007 comedy “King of California.” He co-stars in “Ghosts of Girlfriends Past,” which opens Friday.

LaBeouf, who is repped by Endeavor and Crosby/Spilo Management, next stars in “Transformers: Revenge of the Fallen,” which will be released June 24.

Nice except Shia Labeouf–the last Indiana Jones movie sucked, mainly because of him and well the script and HF being too old for the role. Not to mention I don’t think audiences need another lesson from Gekko teaching a young punk how Wall Street works…zzzzzzzz.

But I do hope the film is quality stuff like the huuuugely underseen movie Other People’s Money with DD.

But hey, if they can include short selling in any way, I’m extremely happy!

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  • vjgupta29
    Leonardo DiCaprio would be the best pic for the movie !!
  • JSible
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  • Yeah I believe it will be out in 2010

    It takes place when he gets out of jail, during the hedge fund era, can't wait to see it
  • Andy p ``
    why dont you play the young guy tim youd be perfect
  • Pfshares
    it seems to me that Shia Labeouf will be playing " the great short seller based on the real life of Timothy Sikes". Haven't you heard anything from them yet Tim???
  • tmcnasty
    Speaking of too old for a role...Michael Douglas doesn't look too corporate raiderish anymore does he?
  • Andrew
    tim,

    I know you don't like to trade with leverage, but shorting this movie on margin would be the perfect scenario. I mean we are talking about f@cking Shia LaBeouf in a wallstreet movie... come on how stupid.
  • Andrew
    Stupid....shia labeouf will ruin this movie... The name of the movie needs to be changed immediately. The plot will be interesting because the original idea for the sequal was to be set in the hedge-fund craze. They waited way too long for the sequal and consequently people will have high expectations. This is going to be a total bust.
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