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Update: Robin Hood has now been confirmed as the opening night film in an official statement.

The Cannes Film Festival is set to kick-off on May 12th, just two days ahead of Ridley Scott‘s Robin Hood being unleashed in several countries, including the US and UK. It would be perfect timing, then, to have the picture premiere as the fest’s opening night gala, guaranteeing global media coverage just when the PR campaign for the movie should be peaking.

And, yep, it seems that Universal’s behind-the-scenes negotiators have pulled that trick off, because multiple reports are indicating they’ve scored the slot. No official confirmation has come yet, but it seems like a good match for the slot and I’m pretty sure we’ll see this checked and locked soon.

There’s a good handful of other films rumored for slots at the fest, either in competition or out.

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Wall Street 2 Delayed Until The Fall

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Fox have decided to hold back release on Oliver Stone‘s Wall Street sequel, subtitled Money Never Sleeps, until September 24th. This will put it up against Kevin McDonald’s Eagle of the Ninth, Zack Snyder’s Legend of the Guardians and Andy Fickman’s You Again with Kristen Bell and Sigourney Weaver.

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According to the newly minted Nikki Finke, an offer has gone out to Josh Brolin to re-team with director Oliver Stone (W.) on Wall Street 2 for the role of a conniving hedge fund manager. He’d star opposite Shia LaBeouf, playing an ambitious young trader courting the daughter of Michael Douglas‘s iconic Gordon Gekko, freshly sprung from prison near decade’s end.

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Javier Bardem is joining the cast of Oliver Stone‘s Wall Street 2, according to Nikki Finke. He’ll join Michael Douglas, who returns as Gordon Gekko, and Shia LaBeouf, who plays a young trader who is engaged to marry Gekko’s daughter. If Finke’s sources are correct, that will nearly solidify the primary lineup of this sequel with only Gekko’s daughter left to cast. Read More »

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Oliver Stone has officially signed a deal with 20th Century Fox to direct a sequel to the 1987 film Wall Street, according to Entertainment Weekly. Wall Street 2 is the tentative working title for the project, which had been under the working title of Money Never Sleeps.

21 and Things We Lost in the Fire scribe Allan Loeb turned a rewrite on Stephen Schiff‘s long developing sequel script. Apparently the latest draft was strong enough to convince Stone to return. I would have liked to see Aaron Sorkin‘s take on a sequel, but rumor has it that he turned down the project.

Michael Douglas is also set to return as Gordon Gekko, a role which earned him an Academy Award. Shia LaBeouf is in talks to play a young wall street trader who, much like Charlie Sheen’s character in the original film, comes under Gekko’s mentor-ship. As much as some people don’t like LaBeouf, it’s hard to disagree that he makes a perfect 2009 stand-in for Sheen.

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The Wall Street Sequel That Isn’t

Ropes of Silicon has a 50 minute interview with W. screenwriter Stanley Weiser, but who cares about W. anymore? Weiser is the same guy who wrote Wall Street and penned a treatment for a Wall Street sequel before Oliver Stone and the film’s producer parted ways.

“To make a long story short, I wrote the screenplay and Fox put it in turnaround because it was dated,” Weiser told ROS. “Everything has changed and they’re starting with a page one rewrite that deals with the current situation in the markets. So it won’t be ready for a year and by that time the economy will have changed again so I wouldn’t be too hopeful.”

But what would Weiser’s Wall Street 2 have been like?

“[The film takes place] in the present. Basically, he had gone to Europe, like this world trader Marc Rich. He had been making deals in Europe and then he decided he wanted to go back to New York and get back in the action. So he does his jail time.”

“Gekko gets out of jail. It actually opened with Gekko getting out of jail and he’s standing by a curb and a limo pulls up and he’s next to a black kid, who’s a prisoner, and the black kid gets in the limo. The black kid is a rapper and the limo is for the rapper. So he is left standing there on the street alone and no one knows who he is anymore.”

“”…The latter part was set in China and dealing with Chinese money and policing the Chinese.”

I wish I could watch that movie right now. But 21 scribe Allan Loeb is busy working on a complete rewrite. Fox is hoping to fast track the film into production under the title Money Never Sleeps, but Michael Douglas has yet to sign on. Bud Fox (Charlie Sheen) will not be featured in the follow-up storyline.

Fox Hires New Writer For Wall Street Sequel

With the stock market back in the news headlines due, it is no surprise that 20th Century Fox is moving forward with development on the previously announced sequel to Oliver Stone’s 1987 film Wall Street. 21 scribe Allan Loeb has been hired to pen the screenplay. I’ve heard nothing but bad things about Stephen Schiff‘s draft of the script which was titled Money Never Sleeps. Loeb will be doing a page one rewrite, and the studio hopes to fast track a sequel into production.

The story will follow Gordon Gekko, the character Michael Douglas made famous in the 1980′s. Douglas is interested, but has yet to sign on to the project. The sequel will pick up as Gekko has been let go from prison and returns to the world of… you guessed it, Wall Street. Bud Fox (Charlie Sheen) will not be featured in the follow-up storyline. But I’m wondering how Gekko will deal with the highly volatile market, where it seems like no one is making money. But is that an interesting setting for

Discuss: Do you want to see a Wall Street sequel?

In a new interview with The Times UK, director Oliver Stone ponders the domestic box office prospects for his W. biopic, opening in limited release the 17th of this month. The Lionsgate film had a budget of $30 million—financed by Chinese investors—and arguably there is no precedent for how well it might do. High profile movies about U.S. presidents tend to always be posthumous (Stone’s Nixon, HBO’s John Adams, Spielberg’s planned Lincoln), and the political climate has only grown nastier and nuttier since Michael Moore’s Fahrenheit 9/11 grossed $119 mil domestic in 2004 (seems longer ago). American Carol, anyone? With the election too close to call and the economy exposing orifices daily…

“I’m not sure that we’ll succeed,” Stone concedes. “But this movie is not for the 12 per cent who still approve of him – it’s for the other 88 per cent. On the other hand, I don’t think there’s anything in the movie that the other 88 per cent would have any reason to detest. It is a human portrait of a man, not meant to insult people who believe in what Bush believes in.”

How much of this majority will show up, either in hopes of a good movie or to magnify their displeasure with the current administration, remains to be seen. And back to the economic crisis, Stone says comparisons to the rampant greed and corruption depicted in 1987′s Wall Street are nil…

“I don’t even think a Gordon Gecko [sic] could exist in 2008, not as an individual buyer or seller. He’d have to work for a bank. Those [Wall Street] guys – they pigged out, man, to a degree that I never thought was possible.”

On that note, I wonder where things are at with Michael Douglas’s Wall Street 2 (Stone is said not to be involved)? Stone says he has no interest nor plans in making another war film, citing his age and specifically calling Iraq too much of a “bummer” to confront. Coming from Stone, who served in VietNam, directed numerous films related to that war (including the aborted Pinkville with Bruce Willis), and is a history buff, I’m not sure I buy it. He even seems to hint that Pinkville might be rescued in the same interview.

Discuss: How much do you expect W. to gross domestically? More than $30 million? Do you agree with Stone’s sentiments on Gekko and today’s Wall Street?

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