Would a ‘Goonies’ Sequel be a Box Office Hit?

Director Richard Donner recently sent the Internet rumor mill into overdrive with a casual mention that he was doing a sequel to 1985's "The Goonies." Could the sequel really happen?

Apr 8, 2014 at 7:20AM

If there's one thing that's hot in Hollywood right now, it's nostalgia. Comcast's (NASDAQ: CMCSA) Universal Pictures is in the process of casting Jurassic World, a new entry to the 21-year-old "Jurassic Park" franchise, while Sony (NYSE: SNE) has confirmed that it plans to move forward with the long-suffering Ghostbusters 3. Even "Jem and the Holograms" and "He-Man" have film adaptations in the works. So what's next on the nostalgia bandwagon?

A sequel to The Goonies, if director Richard Donner is to be believed.

Goonies never say die
When asked by TMZ whether he planned on doing another comic book movie, Donner (who also directed Superman: The Movie in 1978 and is considered by some to be the father of the modern superhero movie) answered, "If you call Goonies a comic book. We're doing a sequel."

Rumors of a "Goonies" sequel have been making the rounds for years, with both Donner and various members of the original cast periodically commenting on it. It's understandable why they would be interested in returning -- The Goonies was not only a financial success (earning around $61.4 million in the domestic box office on a budget of $19 million), it has also developed a cult following in the nearly 30 years since the film's release.

Unfortunately, Time Warner's (NYSE:TWX) Warner Bros. studio has been reluctant to move forward on a sequel. At a "Goonies Never Say Die" event in 2004, Donner admitted to the crowd that while he, producer Stephen Spielberg, and most of the cast were interested in returning for another film, Warner Bros. wasn't willing to invest. He stated that there were other production companies that were interested, but the rights to the film rested with Warner so no other studio could green light the project.

This sentiment seemed to carry forward in the following years, with actor Cory Feldman stating in his blog in 2008 "NO! There is no Goonies 2! I'm sorry but it's just not gonna happen. It seems every six months the rumor mill gets started up again and people run around both excited and angry, and eventually I have to respond. I would have loved to do this movie under the direction of Donner (who wouldn't?), but it is just not meant to be. Hope that's settled." Covering his bases, he then followed up with, "Course now that I've said that they'll do it."

Why now?
With Donner himself admitting that Warner Bros. wasn't interested in financing the film and Feldman's comments hinting that the sequel plans were dead, what's changed to bring about Donner's recent claim? It's possible that it's just the passage of time.

Next year is the 30th anniversary of The Goonies, and in 2010 Warner Bros. released a 25th anniversary Blu-ray edition of the film. The movie has also earned over $14 million from its DVD and Blu-ray releases as of the end of 2013, showing that there's still interest in the movie, even after all of these years. This could be a compelling reason for Warner Bros. to green light the sequel, capitalizing on the upcoming 30th anniversary to announce the production.

That said, Donner's recent statement isn't the first time that he's sounded certain that the sequel was going to happen. Given that the statement was made to a reporter from TMZ and wasn't in any capacity an official announcement from Warner Bros., it's possible that this latest round of hype is getting ahead of itself.

Will they or won't they?
The big question remains whether there will actually be a "Goonies" sequel or if the statement was a result of Donner's confidence that a sequel will eventually be made. Until Warner Bros. announces it or more concrete information comes to light, it's best to take this latest mention with a significant grain of salt because it's not the first time that Donner has spoken like a new "Goonies" adventure was getting ready to start.

Warner Bros. definitely has an incentive, though. The original film has a dedicated following, there's a convenient anniversary that the studio could play off of, and nostalgia for the '80s and '90s is at an all-time high. Other studios are moving forward with their nostalgia projects, Disney (NYSE: DIS) is preparing to launch a sequel series to the popular '90s show "Boy Meets World" on the Disney Channel, and there will likely be more nostalgia projects getting the green light if the current slate performs well.

If the original domestic take of The Goonies is adjusted for inflation, the film would bring in over $132.9 million today. If the sequel really is on its way like Donner claims, it would be entirely possible for it to make that much or even significantly more. Indiana Jones and the Kingdom of the Crystal Skull brought in a domestic take of over $317.1 million when it brought that franchise back after almost a 20-year absence, and that was despite bad reviews and fan disappointment. A true "Goonies" reunion with Donner at the helm could very well wind up seeing similar success, especially if the die-hard fans enjoy it.

Are you ready to profit from this $14.4 trillion revolution?
Let's face it, every investor wants to get in on revolutionary ideas before they hit it big. Like buying PC-maker Dell in the late 1980s, before the consumer computing boom. Or purchasing stock in e-commerce pioneer Amazon.com in the late 1990s, when it was nothing more than an upstart online bookstore. The problem is, most investors don't understand the key to investing in hyper-growth markets. The real trick is to find a small-cap "pure-play" and then watch as it grows in EXPLOSIVE lockstep with its industry. Our expert team of equity analysts has identified one stock that's poised to produce rocket-ship returns with the next $14.4 TRILLION industry. Click here to get the full story in this eye-opening report.

John Casteele has no position in any stocks mentioned. The Motley Fool recommends Walt Disney. The Motley Fool owns shares of Walt Disney. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

1 Key Step to Get Rich

Our mission at The Motley Fool is to help the world invest better. Whether that’s helping people overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we can help.

Feb 1, 2016 at 4:54PM

To be perfectly clear, this is not a get-rich action that my Foolish colleagues and I came up with. But we wouldn't argue with the approach.

A 2015 Business Insider article titled, "11 websites to bookmark if you want to get rich" rated The Motley Fool as the #1 place online to get smarter about investing.

"The Motley Fool aims to build a strong investment community, which it does by providing a variety of resources: the website, books, a newspaper column, a radio [show], and [newsletters]," wrote (the clearly insightful and talented) money reporter Kathleen Elkins. "This site has something for every type of investor, from basic lessons for beginners to investing commentary on mutual funds, stock sectors, and value for the more advanced."

Our mission at The Motley Fool is to help the world invest better, so it's nice to receive that kind of recognition. It lets us know we're doing our job.

Whether that's helping the entirely uninitiated overcome their fear of stocks all the way to offering clear and successful guidance on complicated-sounding options trades, we want to provide our readers with a boost to the next step on their journey to financial independence.

Articles and beyond

As Business Insider wrote, there are a number of resources available from the Fool for investors of all levels and styles.

In addition to the dozens of free articles we publish every day on our website, I want to highlight two must-see spots in your tour of fool.com.

For the beginning investor

Investing can seem like a Big Deal to those who have yet to buy their first stock. Many investment professionals try to infuse the conversation with jargon in order to deter individual investors from tackling it on their own (and to justify their often sky-high fees).

But the individual investor can beat the market. The real secret to investing is that it doesn't take tons of money, endless hours, or super-secret formulas that only experts possess.

That's why we created a best-selling guide that walks investors-to-be through everything they need to know to get started. And because we're so dedicated to our mission, we've made that available for free.

If you're just starting out (or want to help out someone who is), go to www.fool.com/beginners, drop in your email address, and you'll be able to instantly access the quick-read guide ... for free.

For the listener

Whether it's on the stationary exercise bike or during my daily commute, I spend a lot of time going nowhere. But I've found a way to make that time benefit me.

The Motley Fool offers five podcasts that I refer to as "binge-worthy financial information."

Motley Fool Money features a team of our analysts discussing the week's top business and investing stories, interviews, and an inside look at the stocks on our radar. It's also featured on several dozen radio stations across the country.

The hosts of Motley Fool Answers challenge the conventional wisdom on life's biggest financial issues to reveal what you really need to know to make smart money moves.

David Gardner, co-founder of The Motley Fool, is among the most respected and trusted sources on investing. And he's the host of Rule Breaker Investing, in which he shares his insights into today's most innovative and disruptive companies ... and how to profit from them.

Market Foolery is our daily look at stocks in the news, as well as the top business and investing stories.

And Industry Focus offers a deeper dive into a specific industry and the stories making headlines. Healthcare, technology, energy, consumer goods, and other industries take turns in the spotlight.

They're all informative, entertaining, and eminently listenable ... and I don't say that simply because the hosts all sit within a Nerf-gun shot of my desk. Rule Breaker Investing and Answers contain timeless advice, so you might want to go back to the beginning with those. The other three take their cues from the market, so you'll want to listen to the most recent first. All are available at www.fool.com/podcasts.

But wait, there's more

The book and the podcasts – both free ... both awesome – also come with an ongoing benefit. If you download the book, or if you enter your email address in the magical box at the podcasts page, you'll get ongoing market coverage sent straight to your inbox.

Investor Insights is valuable and enjoyable coverage of everything from macroeconomic events to investing strategies to our analyst's travels around the world to find the next big thing. Also free.

Get the book. Listen to a podcast. Sign up for Investor Insights. I'm not saying that any of those things will make you rich ... but Business Insider seems to think so.


Compare Brokers