Apr 28 2009 07:56 PM ET

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

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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 (43 total) 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.

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