"Wall Street" Sequel: Michael Douglas, Oliver Stone On Board

LOS ANGELES — Michael Douglas and Oliver Stone are back together again with a sequel to their 1987 hit "Wall Street."

Douglas is reprising his role as Gordon Gekko and Stone is on board again to direct the sequel, which for now has the working title "Wall Street 2," said 20th Century Fox spokesman Gregg Brilliant.

Brilliant said the project is timely and relevant given the state of the world.

"We need to keep the story line under wraps, but it's literally ripped from today's headlines," Brilliant said. "It's going to be very big and very cool."

With the economy and financial markets in a tailspin, it will be different times for Douglas' Gekko. In the original film, corporate raider Gekko was a symbol of Wall Street greed and corruption during the boom era of the 1980s.

Gekko has endured because audiences give him the "same kind of respect we've got for the great white shark," Douglas said in an interview Friday with Associated Press Television News for his upcoming life-achievement award from the American Film Institute.

"He's a villain. Gordon Gekko is a great, old-fashioned villain," Douglas said. "And, interestingly enough, if you look at most actors' careers, their biggest achievement, not necessarily success, but (achievement), is playing a bad guy."

Academy Awards voters agreed. Douglas earned the best-actor Oscar for Gekko.

The sequel is scheduled to start shooting this summer. Edward Pressman, who produced "Wall Street," also is back for the sequel, while Allan Loeb ("21") wrote the screenplay.

Comments

[NevaforLeadership]

11:02 AM on 05/03/2009

Looking forward to it. The first one was great.

[Progress08]

10:00 PM on 05/01/2009

I loved the original..­. I only hope that Charlie and most especially Martin make cameos in it.

[crayola 08]

04:07 PM on 05/01/2009

this should be a very good sequel considerin­g we've come a long way since the "greed is good!" days of the 80s.

[loki]

03:32 PM on 05/01/2009

This movie was the feel good movie of the year for the IVy Greeders , and now they want to make another to encourage the upcoming Ivy Greeders not to change course, but to stay on the Greed will win strategy?

[Natalee]

11:07 AM on 05/01/2009

They should call it, Wall Street: The dismantlin­g of greed.

[PhilipTaylor]

06:45 PM on 04/30/2009

That old movie was much TAMER than REAL LIFE from 2002 to 2008!

If they get to the TRUTH this could be a Fantastic Money Maker!

[Progress08]

10:03 PM on 05/01/2009

The original was less crazy. We now have incomprehe­nsible credit default swaps and loan guarantee trades to haggle with.

[Cogs]

03:08 AM on 04/30/2009

This is a bad idea. Who wants to pay $10 to see a movie about greedy people. We get these stories thrown at us everyday and no one enjoys the details. Even if they get their comeuppenc­e, it's two hours about excess and waste. How about something original? Stone is a major talent and Douglas can be quite engaging. They should be able to entertain an audience without trotting out the old war horse.

[TrueSense]

07:27 PM on 04/29/2009

Will President Obama be given Gordon some money to help him out. ?He likes big banks and financiers­.

Gordon liked leverage buy outs and mergers that do nothing for the economy and used to be illegal in some cases. Heavy debt crushes the economy and some of these deals do not care about companies as an ongoing concern but crush them.

An economy based on fiance and where money chases investment­s for the sake of investment about nothing is not a real economy. Obama talks like he understand this but then does not act like it.

[inthedesert]

06:36 PM on 04/29/2009

Oh boy, what a surprise this news is........­..........­......NOT!­!! You can always bet that whenever there is some kind of tragic event...um­, like people losing all their savings, etc....tha­t Hollywood will find a way to make a buck from it........­..........­..........­.is there no HOPE at all for humanity??­??

[DiogenesOfAlaska]

05:33 PM on 04/29/2009

You've got to be kidding. Just one sequel to 'Wall Street'? There will be at least half a dozen updates of that movie each year, from now on. Ad infinitum.

[Lex-Mosher]

04:35 PM on 04/29/2009

Looks like greed will be good for Douglas and Stone.

[harriettubman]

03:39 PM on 04/29/2009

If the second one is as good as the first one, they'll have a hit on their hands. I enjoyed Michael's movies back in the day. He was one sexy 50+ yr old man.

[66rock]

06:44 PM on 04/29/2009

sexy, is right --- I saw him in the late 90's at Phoenix Open. He was walking towards me so I pointed my camera at him and he and his security guard keep walking. So I got real bossy at him and told him to stand still, he did. Took photo and said "thanks darlin, he said, you're welcome darlin. Good sport, good man!

[HarlemFreeThought]

07:27 AM on 04/30/2009

Michael is 65

[jsgaetano]

01:56 PM on 04/29/2009

The suspenders are back!

I'd also love to see one of those huge ass Motorola cell phones in there somewhere.

[Sundialsvc4]

01:52 PM on 04/29/2009

I loved Michael's portrayal of that character, and I enjoyed the character itself. You see, what Gordon Gekko's character was saying is ... gosh ... eerily-fam­iliar words, especially these days. And I almost felt that the screenwrit­er was forcing Gordon to be a villain. Unlike most bad-guys, Gordon never thought of himself as being anything but a winner of the game. He didn't so much set out to hurt someone, as he didn't care whom his actions hurt. We need to see another screenplay that reflects the real-world consequenc­es of "business.­" Looking forward to this one.

[rowzeer]

01:51 AM on 05/03/2009

That was the genius of that character. It was a zero sum game. If someone wins, someone else has to lose. It was nothing personal. That's what's wrong with Wall Street then and now. It's all about the money and power nothing more, nothing less.

[RaviVesely]

01:02 PM on 04/29/2009

A bootleg copy of the shooting-s­cript came my way through certain undergroun­d channels, and so far here's the skinny on the plot: Randolf and Mortimer Duke happen upon Bud Fox sitting in a cardboard box on a sidewalk outside Goldman Sachs, drinking from a crushed milk carton, when all of the sudden, out of nowhere, Louis Winthorpe III and Ty Webb pass by him on a golf cart heading to pick up Danny Noonan and Billy Ray Valentine waiting outside CitiBank with their clubs leaning against a blue Bugatti for a round of 18 at Bushwood. License plate on golf cart reads: "The Grassy Hedge"

Anyway, Bud Fox tells Mortimer that he's friends with some buffoon named Hank P. over at Treasury, and that he's got an inside tip about a certain "market mechanism,­" and Mortimer turns to Randolf and asks him to make a note about that on their Crop Report. And just then, Gorden Gekko is seen rough-hous­ing with Danny Noonan and Billy Ray Valentine because he's mad about their golf clubs scratching his Bugatti, but then he morphs into a lizard with an Australian accent, and hops over to the NYSE to buy some stock in Geico. The End.

[Sundialsvc4]

01:53 PM on 04/29/2009

Aww, boo hiss... don't spoil the story. :-D Anyhow, the fun of it is "watching Michael Douglas go."