‘Wall Street’ sequel moving forward with Oliver Stone, Michael Douglas and Shia LaBeouf?

Posted by · 1:36 pm · April 28th, 2009

Michael Douglas in Wall StreetNot long ago, what with the housing market on the fritz and certifiable capitalistic ruin staring down the face of America, not to mention stoke brokers being painted as the devils of the earth, it seemed a great time to revisit Oliver Stone’s 1987 film “Wall Street,” the Michael Douglas starrer that put “greed is good” into the lexicon of trade pushers everywhere.

Back before the release of Stone’s “W.,” screenwriter Stanley Weiser talked about the prescience of “Wall Street.”  At the time, “Gekko’s character was written to create an engaging, charming, but deceitful and brutal being,” Weiser said.  “I have nevertheless run into quite a number of younger people, who upon discovering that I co-wrote the film, wax rhapsodic about it . . . but often for the wrong reasons.”

The time for a sequel, likely with a much more pointed message, seemed at hand.  Then word came that Stone had dropped out of pursuing a follow-up in favor of the long dormant “Pinkville” project.  But today, Patrick Goldstein offers the following juicy (but sourceless) tid-bit:

…Fox is now saying the movie has a green light again. Stone is back aboard as director, Michael Douglas will reprise his role as Gordon Gekko and the studio is in negotiations with Shia LeBeouf to play a young Wall Street trader under Gekko’s spell — a somewhat updated version of the character Charlie Sheen played in the original film. The sequel’s original writer was Stephen Schiff, who has now moved on, with Allan Loeb (“Things We Lost in the Fire”) having done a rewrite of the script. Fox hopes to have the film in production as early as sometime this summer.

The film is now simply going under the title of “Wall Street 2,” having shed its original “Money Never Sleeps” moniker. No one is offering a lot of specifics about the storyline, except to say that the focus remains on the Gekko character, whose exploits will closely reflect much of the greed and chicanery seen in the past year on Wall Street.

I’m not really sure how I feel about it.  Getting someone like LaBeouf seems like the obvious play, but Stone is also something of a master at making an impact with the obvious, so perhaps this could work.  Read the rest over at The Big Picture.  (UPDATE: There’s also this AP story with quotes from Douglas and Fox spokesman Gregg Brilliant.)

Meanwhile, allow me to submit this: Could “Wall Street” be the most dated film of all time?  Seriously.  That cell phone!  The art work!  Darryl Hannah!  Anyway…

→ 8 Comments Tags: , , , , | Filed in: Daily

8 responses so far

  • 1 4-28-2009 at 2:18 pm

    Zac said...

    Wall Street was released in 1987, not 1986.

    As dated as Wall Street is, it pales compared to WarGames.

  • 2 4-28-2009 at 2:36 pm

    BobMcBob said...

    not to mention Charlie Sheen’s performance, the music, that supporting character’s trite dialogue; the film’s only saving grace is the iconic character of Gordon Gecko

  • 3 4-28-2009 at 2:58 pm

    Kristopher Tapley said...

    86, 87 — same bloody thing, really.

  • 4 4-28-2009 at 3:31 pm

    LaughlinNVcasinos said...

    I think that this is the worst idea. we are not anymore in the 80’s, and the greed is good ideas is what have the world in this pandemic economic problem.

  • 5 4-28-2009 at 3:39 pm

    AmericanRequiem said...

    I was just unfortunate enough to catch the InLaws on tv in Dublin and now its tough to watch micheal douglass, gonna have to go back and watch the game and basic instinct over again to gain back respect

  • 6 4-28-2009 at 4:14 pm

    P-Dawg said...

    Don’t think it’s a good idea but a man spawned from Spartacus and married to Catherine Zeta-Jones can do as he damn well pleases. Maybe he could revive Gekko with a curly “Black Rain” mullet paired with an expensive suit.

  • 7 4-28-2009 at 4:20 pm

    P-Dawg said...

    On another note, “Wall Street 2”? I hope that title changes. It’s along the lines of “here we go again…again.”

  • 8 4-29-2009 at 12:16 pm

    John H. Foote said...

    Seriously….do we need this film? The first was nothing special, and Doiuglas’ performance was wildly over praised at the time — go back and see it, not so hot — his best work was in “Wonder Boys” and they did not even nominate for that — surely Stone can find something better to do…