The LA Times is reporting that director Oliver Stone and actor Michael Douglas are now officially set to return for what’s currently being called Wall Street 2 — the sequel to the 1987 hit that snagged Douglas an Oscar for Best Actor. Also being reported is the possible addition is young gun Shia LaBeouf, who is in talks for a role in the sequel.
A sequel to Wall Street has been rumored for quite a while now, but given the country’s harsh economic situation, it was only a matter of time before they all decided it was ripe enough. Just a short time ago, Stone had pulled himself off the project, so some large and impressive changes must have been made to win him back.
The basic word on the plot is that the movie will take place two decades after the first, and it will return us to Gordon Gekko (Douglas), who is now getting out of prison. Thankfully, the talented gents over at Latino Review always find a way to get information on a script, so there’s more to be known. Their report on the sequel tells us that Gekko was sentenced to 14 years in prison in 1988 for Tax Evasion, Security Fraud, and Insider Trading. When we pick up with his release, he has moved on to traveling around and making lectures, as well as writing books. Eventually, he finds himself making a deal with Jacob (possible LaBeouf) in order to reconnect with his daughter, who happens to be engaged to Jacob.
Michael Douglas had this to say on the project:
I think it’s time to take another hard look at trading and the economy and what went wrong in the last few years. 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.’
The latest draft of the script was done by Allan Loeb, and the hope is that production can begin some time this summer.