Here's the inevitable LAT story about Warner Bros.' bad summer. Poseidon, Superman Returns, Lady in the Water—it's all here. Poseidon was all about giving Wolfgang Petersen lots of money to sink an ocean liner. (It had been done better with Titanic. The Poseidon script made James Cameron's dialogue look like Shakespeare.)
Movie biz outsider Michael Bamberger's book The Man Who Heard Voices relates the Lady in the Water story in excruciating, gullible, sycophantic detail. He reveals that Warner production chief Jeff Robinov let his boss Alan Horn take the lead on M. Night Shyamalan's film. Smart move. Lady in the Water looked commercially iffy from in front. But again, it was about getting into business with Shyamalan, a gifted writer-director with a great track record who will no doubt get himself to a shrink and deliver one for the side next time around.
And Superman Returns involved stealing a tentpole director, Bryan Singer, away from Fox. Warners had already written off $60 million in development losses on reviving the Superman franchise, so Singer's Superman Returns can thus be considered a $209 million movie after all, which will make some money—not as much as it should have. But the ongoing franchise will pay off, as I write in today's Risky Business column.
ADD: The column's getting some strong reaction. I find these fan message boards fascinating. On the one hand there's the assumption of spin (when there often isn't any) and also such powerful investment in the characters they love. Finally, Warners and Singer now have a lot more information to work with for the second installment of this Superman series.