Apr 28 2009 07:56 PM ET

'Wall Street 2': Oliver Stone, Michael Douglas to return for sequel, Shia LaBeouf in talks

Categories: Movie Biz

The much-discussed Wall Street sequel is getting closer to launch, EW has learned. Michael Douglas will return as corporate raider Gordon Gekko, the role for which he won the 1987 Best Actor Oscar, and Oliver Stone will be back as the director of the followup to the movie that put the phrase “Greed is good” into the popular lexicon. Shia LaBeouf is in talks to play a young trader in Wall Street 2, which is set 20 years after the first installment. The film’s plot will revolve around Gekko’s life after he gets out of jail during the current economic climate. “I think it’s time to take another hard look at trading and the economy and what went wrong in the last few years,” said Douglas Monday night during the premiere of Ghosts of Girlfriends Past. “Everybody’s talking about the economy and people are scrutinizing it. Whenever I mention Wall Street 2, everybody goes, ‘Yeah. Interesting. I’d see that.’” Edward R. Pressman is producing the film, whose latest screenplay draft was written by Allan Loeb (21). (Additional reporting by Carrie Bell)

Comments (1-30) of 42 Add your comment

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  • harry

    All my dreams are coming true today!!!

  • Christian

    Terrible idea, especially if they officially call it Wall Street 2. Even if they did some colon title (i.e. Wall Street: Back to the Street), this would still be a terrible idea.

  • Karen

    I immediately emailed a friend of mine that worships Wall Street. He responded that the above knowledge… uhhh…. “made all his blood flow south”, LOL

  • Jordo

    And Shia LaBeouf destroys yet another ’80s flick. Bravo!

  • Myra

    Christian- Wall Street 2: Back 2 the Street… hahaha I like it!

  • Rondo

    Wall Street 2: Electric Boogaloo

  • Oh No

    Basic instinct 2 anyone????/

  • Whitey

    To Jordo: You’re blaming Shia for what happened with Indiana Jones?! I didn’t realize Shia wrote the script and penned in a character named Mutt for him to play in the movie. Wow, thanks for enlightening me!

  • TheBusiness

    It’s called MONEY NEVER SLEEPS.

  • Dream Out Loud

    At first this really scared me. But then I saw that both Oliver Stone and Michael Douglas were both back. They’re getting the band back together. I love it!

  • John

    I’m getting real sick of Shia. Isn’ there another youngish actor they could get.

  • Jesse

    Is it April Fool’s Day? PLEASE NO MORE SHIA!

  • entertainmenttodayandbeyond.com

    A few things- First off Stone needs to make a completely different film than he did the first time around as there’s so much to tell. If he focuses it on Gekko he’s making a mistake. Subprime loans, the corrupt coverage of CNBC and evil CEO’s should be the heart of the story. Not Gekko manipuating corporations for his greed. The story needs to be bigger than one guy.
    http://blog.entertainmenttodayandbeyond.com/
    chuck

  • Irish

    I think Bud Fox made that film. Any word on Charlie joininhg the cast?

  • drew

    Well, Shia’s hair is always slicked now so he’ll fit right in this environment. Be kind of interesting to see if Gecko comes back into the fold without any remorse. Now thats an interesting film.

  • John

    It is absolutely the perfect time to revisit that character. My question is, which side of the success wall will Gekko be on after prison? Will he be a displaced executive, or Bernie Maddoff?

  • JOHN

    700 BILLION DOLLAR BAILOUT, CMKX/CMKM SCANDAL.
    CMKX-CMKM- At the time of cmkm’s revocation, CMKM had 703,518,875,000 shares of common stock validly issued and outstanding.
    Then a 700 billion dollar bailout.
    My Fellow Americans and Global Investment Community.
    The case of the greatest “counterfeit shares.” fraud in the UNITED STATES is in my opinion CMKX.
    CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD” Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull stock certifcates out of brokerages out of street name and into Investors name to safely hold in their possesion. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES”

  • ZEUS

    700 BILLION DOLLAR BAILOUT, CMKX/CMKM SCANDAL.
    CMKX-CMKM- At the time of cmkm’s revocation, CMKM had 703,518,875,000 shares of common stock validly issued and outstanding.
    Then a 700 billion dollar bailout.
    My Fellow Americans and Global Investment Community.
    The case of the greatest “counterfeit shares.” fraud in the UNITED STATES is in my opinion CMKX.
    CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD” Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull stock certifcates out of brokerages out of street name and into Investors name to safely hold in their possesion. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES”

  • Hollywood Director

    zeus and john you rock! Hope this movie rocks!

  • Emma

    I am so psyched they’re getting a good actor like Shia Labeouf for this one. I hate sequels that star actors EXTREMELY less talented than the original cast. My little sister took me to see HSM 3 and told me they’re going to make a fourth with the new class…urgh! I’m surprised some people don’t like him though. He seems so personable and talented.

  • patty

    CMKM DIAMONDS INC. and NSS
    1. ***FRACTIONAL U.S. STOCK CLEARING AND SETTLEMENT–WHICH INCLUDES THE DEPOSITORY TRUST CLEARING CORPORATION–SYSTEM ALLOWS HEDGE FUNDS TO ILLEGALLY NAKED SHORT OVER 2.4 TRILLION SHARES OF CMKM STOCK AND THEN CREATES IOU’S/COUNTERFEITED SHARES IN PLACE OF THE REAL CMKM SHARES
    cmkx shareholders will have their justice!

  • patty

    CMKM DIAMONDS INC. and NSS
    1. ***FRACTIONAL U.S. STOCK CLEARING AND SETTLEMENT–WHICH INCLUDES THE DEPOSITORY TRUST CLEARING CORPORATION–SYSTEM ALLOWS HEDGE FUNDS TO ILLEGALLY NAKED SHORT OVER 2.4 TRILLION SHARES OF CMKM STOCK AND THEN CREATES IOU’S/COUNTERFEITED SHARES IN PLACE OF THE REAL CMKM SHARES
    cmkx shareholders will have their justice!

  • Sharlie Cheen

    Seriously? Shia LeDouche? Was Pauly Shore not available?

  • ludwig von mises

    instead of watching movies to learn economics, or listenign to dems or repoublicans, read those who predicted what would happen years ago. Lewrockwell.com, mises.org, ron paul, ludwig von mises, etc. Read the Austrians!!! the left and right are both wrong!!!

  • Michele

    I love(most)sequels, like Jaws 2, and X-Files 2. Wish they would make another ‘Body Heat’ sequel.

  • traderjoe

    Please do not make this just a wall st. bashing film. Continue the good story line. Don’t make it like that HORRIBLE ‘W’ film where it has NO story line and it’s just a bash fest. And please don’t let Shia play Bud, do all that you can to get Charlie back on!!

  • Fran

    Why, why, why?? Let’s see, Gekko gets out on parole?
    Why do people have this pathological need to “Sequel” things that NEED no sequel? It’s the lazy way out: “hey this made big bucks, let’s recycle it!”
    And with the exception of Godfather II there are precious few sequels that were worthy of bothering with.

  • melissa

    Its about time, gecko lives forever and bud fox should be getting out of jail now. http://cutechristians.com

  • BUD FOX

    CMKX DIAMONDS, THE LARGEST NAKED SHORTED STOCK IN THE HISTORY OF THE UNITED STATES/WORLD” Trillions of stock shares traded and changed hands UNTIL CMKX revoked itself and had every stock holder pull stock certifcates out of brokerages out of street name and into Investors name to safely hold in their possesion. CMKX is also the LARGEST STOCK CERTIFICATE PULL IN THE HISTORY OF THE UNITED STATES”
    I Hope the the SEC did not create a regulational rule during this period the above action was commited to absolve them from liability of cmkx “counterfeit shares.” from this compnay or anyother company that used this tactic to steal from all markets. This naked shorting fraud rule be passed without a second to lose.

  • HENRY VANDERBILT

    The SEC, just two years ago,denied that Naked Short Selling ever existed. The dismal state of economy is a direct result of the ramifications on NSS. Robert Mahue was brought in by a small diamond exploration company named CMKX to expose this illegal activity.
    CMKX WENT THROUGH THE LARGEST NAKED SHORT IN THE HOSTORY OF THE U.S. Nearly 7 TRILLION Naked Short Shares were sold. Robert Mahue squeezed the Brokers to come up with Billions of dollars to cover these illegal sales. I am a stock holder in CMKX. The SEC is aware of a huge trust that Mr.Mahue set up to compensate CMKX share holders because of NSS. The SEC and or the government are holding up the distribution of these funds. The money is sitting, waiting to be sent out to damaged share holders. The SEC has the ability to release these funds………….but are not doing so.

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