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‘Speed Racer’ opening on a crowded track

The stakes in the industry’s most competitive moviegoing season are high for all Hollywood studios, which spend heavily to sell their big-budget popcorn titles around the world. This summer, the risks are particularly steep for Time Warner Inc.’s Warner Bros. studio, which has hundreds of millions of dollars riding on three major releases: “Speed Racer,” the Batman sequel “The Dark Knight” and “Get Smart,” a big-screen adaptation of the 1960s sitcom. “Get Smart,”And “Speed Racer” by far is the riskiest of them all. Warner and its financial partner Village Roadshow Pictures committed about $250 million to make and market a hopeful blockbuster: a “family friendly” pre-sold concept based on an iconic 1960s cartoon show, written and directed by Larry and Andy Wachowski — the filmmakers behind the studio’s hit “Matrix” movies — all under the guidance of their collaborator, Warner producer Joel Silver. For the full story visit http://www.latimes.com/business/la-fi-speed9-2008may09,0,6368348.story

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