Moviemaker OLIVER STONE's WALL STREET sequel has been pushed back to a September (10) release to allow the director to make a splash at the Cannes Film Festival in May (10). The film, starring Michael Douglas and Shia LaBeouf, was slated for a 23 April (10) release - but now film fans will have to wait until 24 September to see Wall Street: Money Never Sleeps, according to Variety.
Cameron Douglas was arrested last August (09) following a drugs raid on his room at a New York City hotel. He pleaded guilty to one count of possession with intent to distribute a controlled substance and one count of possession of heroin, and will remain behind bars until he is handed his sentence in April (10).
At a recent bail hearing, Cameron's lawyers blamed his superstar father for his problems - insisting the 31 year old turned to drugs because he was "hurt" by Douglas' celebrity status and his "difficult upbringing".
LaBeouf recently began working with Douglas on upcoming movie, Wall Street: Money Never Sleeps and admits his 65-year-old co-star has been suffering greatly because of Cameron's ongoing troubles.
He tells German website Gala.de, "I met a broken man, not Michael Douglas the celebrity. This man suffers; he's going through a crisis. He fears for his son. Cameron is facing a prison sentence because of his drug dealing. When I worked with Michael, he would visit his son in prison before he arrived at the set. It was really difficult for him."
And the Transformers star reveals director Oliver Stone tried to accommodate Douglas' situation - but found it difficult because of the tight filming schedule.
He adds, "Oliver was really sensitive, but he had to finish his film at the same time. That's why there wasn't a lot of time left to comfort Michael. That was tough."
With the Oscars fading into memory, it's time to look forward to the industry's next big glitzy affair: the Cannes Film Festival, where, Wiretap is hearing, a band of merry men may be making their way up the red carpet on opening night.
According to information we've received, Ridley Scott's Robin Hood is tipped to open the festival. Further, it's also been whispered that French passport holder Oliver Stone will screen his Wall Street: Money Never Sleeps out of competition.
The US release date for Robin Hood is May 14, so, given that the festival opens on May 12, the timing would make sense.
Cannes Film Festival chief Thierry Fremaux, however, told Wiretap, "No decision has been made because we still have films to see for the opening night slot."
Universal Pictures International France marketing director Stephane Rethore had essentially the same thing to say, "nothing is confirmed," he told Wiretap.
Robin Hood stars Russell Crowe, Cate Blanchett, Matthew Macfadyen, Mark Strong, Danny Huston and William Hurt among others in a Brian Helgeland action/adventure spin on the classic tale.
As for Wall Street, the US release date is currently (as per IMDB) set for April 23 while the French release date is May 5, a week before the festival opens. Word is over here that the Fox film is thus likely to screen rather than have an official selection premiere at the festival.
Stone's sequel to the 1987 iconic treatise on greed again stars Michael Douglas as Gordon Gekko. The corporate raider, just released from prison, hooks up with a young trader (Shia LaBeouf) for a new round of high-stakes exploits. Also in the cast are Carey Mulligan, Josh Brolin, Frank Langella and Charlie Sheen reprising his role from the original as Bud Fox.
The actor admits he was furious with Stone after the filmmaker confronted him in his trailer on the set of the 1987 movie and blasted his initial poor performance.
Douglas channelled that anger into his character Gekko - and he credits Stone with bringing out the "nastiness" in him to land him a Best Actor Oscar in 1988.
The actor tells Vanity Fair magazine, Stone berated his star by saying, "You look like you haven’t acted before in your life."
Douglas admits the tough talk gave him the anger he needed to portray Gekko: "Ultimately what he was doing, he wanted a little more nastiness. The guy (Stone) is not afraid if you want to spew or vent it on him, as long as it comes out."
Kirk owned the rights to the Ken Kesey classic and harboured plans to turn it into a movie.
He decided to give his son, who at the time was a struggling actor, the chance to make his mark in Hollywood as a producer and handed the book to his son to turn into reality.
It took several years for Douglas Jr. to raise enough funds to make the movie and he and his co-producer Saul Zaentz eventually chose Nicholson to play R.P. McMurphy, because he no longer wanted to live in his famous father's shadow.
The decision to cast the then 38-year-old Nicholson instead of 59-year-old Kirk left the veteran star annoyed - but Michael insists he has no regrets.
He tells Vanity Fair magazine, "My father has played up his disappointment with that pretty good. God bless him, he's 93. I finally said, 'Dad, I worked six years getting this together…'"
But Michael admits his father has been more than adequately compensated financially from the 1975 project.
He adds, "I have to remind him, I shared part of my producing back-end (credit) with him, so he ended up making more money off that movie than he had in any other picture."
LaBeouf stars as a young Wall Street whizzkid opposite Michael Douglas' ruthless Gordon Gekko in the forthcoming sequel.
He prepared for his part by training at one of the world's largest discount brokers, Charles Schwab. And the 23 year old's extra study sessions have proven a good investment - he's almost half a million dollars richer than when he landed the role.
He explains, "Before I did anything, before I even met Oliver Stone, I went into the Schwab office... I get out to New York, I meet all these amazing people, and I said, alright, I'm gonna put some money into it. If (I'm) ever going to invest, and I've always wanted to, this was the time to do it. So I put $20,000 (GBP12,500) in. And that $20,000 turned into $489,000 (GBP305,625). I looked at it yesterday (18Feb10)... I'm pretty good at it."
But LaBeouf admits the big payoff also came with big risks.
He adds, "Really, it's who gets the information first... four of the nine guys I was training with got arrested and are in jail now for insider trading."
The actor reprises his role as ruthless Gordon Gekko in the Wall Street sequel, which stars the British actress as his daughter, Winnie, and LaBeouf as her fiance, Jacob.
The two sparked speculation of an offscreen romance during filming - and Douglas confirms they are currently dating, despite his best efforts to stop them.
He says, "I warned them, 'Don't ever do that!' But they are an item and they are having a great time."
IMDb today debuted the teaser trailer for Wall Street: Money Never Sleeps, Oliver Stone’s sequel to his classic tale of Manhattan moneymen living the high life in the go-go ‘80s, Wall Street. In the clip, one-time investment banking titan Gordon Gekko (Michael Douglas) emerges from an extended prison stay to discover a strange new world in which black people ride in limousines and actor Shia LaBeouf is considered a viable leading man. Crazy, huh?
Check it out:
Wall Street: Money Never Sleeps opens April 23, 2010.
Actor Cameron Douglas, 30, is currently behind bars on drug possession charges at the Metropolitan Correctional Center in New York City after a police raid on his room last August (09).
He was initially allowed to stay at his mother's apartment, but was later sent to federal prison after allegedly asking his girlfriend to smuggle him heroin in an electric toothbrush.
And Douglas, who was married to Cameron's mum Diandra Luker for 23 years, takes responsibility for some of his son's issues - insisting he could have been around more.
He tells AARP The Magazine, "I'll assume whatever responsibilities I have to. Would it have been better to have been around more? Absolutely. There were absences, and I was no angel."
But even though he fears for his son's well-being, while he is incarcerated, the Wall Street actor insists the 30 year old is in a good place.
He adds, "He's in a federal prison, and you've got some big, bad boys down there. Cameron has a lot of life ahead. He now recognises his own demons and struggles."
During his marriage to Luker, Douglas underwent treatment for alcoholism and sought help for sex addiction.
He is now married to Catherine Zeta-Jones, and has two young children, Dylan, 10, and Carys, seven.
Johnson, heir to Johnson & Johnson cosmetics company, was found dead at her Los Angeles home last week (04Jan10) at the age of 30.
And the Wall Street star admits he's been on hand to help her grieving parents, Robert 'Woody' Johnson and his ex-wife Nancy, known as 'Sale', deal with their loss.
He tells ETonline.com, "It's a terrible, terrible tragedy. Woody is a distant relative, a dear, dear friend of mine. My heart goes out to him and his ex-wife Sale, Casey's mom. It's the worst thing that could happen to anyone, losing a child.
"I've talked briefly (with them). They're grieving, as one would expect, and there's nothing really you can do. I think it just takes a lot of time. It's a tragedy."
An autopsy on Johnson's body showed there were no signs of trauma, but the cause of death has been deferred, pending toxicology tests.