Film and Television Adaptations
A film adaptation of Atlas Shrugged was in "development hell" for nearly 40 years. In 1972, Albert S. Ruddy approached Rand to produce a cinematic adaptation. Rand agreed that Ruddy could focus on the love story. "That's all it ever was," Rand said. Rand insisted on having final script approval, which Ruddy refused to give her, thus preventing a deal. In 1978, Henry and Michael Jaffe negotiated a deal for an eight-hour Atlas Shrugged television miniseries on NBC. Michael Jaffe hired screenwriter Stirling Silliphant to adapt the novel and he obtained approval from Rand on the final script. However, in 1979, with Fred Silverman's rise as president of NBC, the project was scrapped.
Rand, a former Hollywood screenwriter herself, began writing her own screenplay, but died in 1982 with only one-third of it finished. She left her estate, including the film rights to Atlas, to her student Leonard Peikoff, who sold an option to Michael Jaffe and Ed Snider. Peikoff would not approve the script they wrote, and the deal fell through. In 1992, investor John Aglialoro bought an option to produce the film, paying Peikoff over $1 million for full creative control.
In 1999, under Aglialoro's sponsorship, Ruddy negotiated a deal with Turner Network Television (TNT) for a four-hour miniseries, but the project was killed after the AOL Time Warner merger. After the TNT deal fell through Howard and Karen Baldwin obtained the rights while running Phillip Anschutz's Crusader Entertainment. The Baldwins left Crusader and formed Baldwin Entertainment Group in 2004, taking the rights to Atlas Shrugged with them. Michael Burns of Lions Gate Entertainment approached the Baldwins to fund and distribute Atlas Shrugged. A draft screenplay was written by James V. Hart and re-written by Randall Wallace, but was never produced.
In May 2010, Brian Patrick O'Toole and Aglialoro wrote a screenplay, intent on filming in June 2010. Stephen Polk was set to direct. However, Polk was fired and principal photography began on June 13, 2010 under the direction of Paul Johansson and produced by Harmon Kaslow and Aglialoro. This resulted in Aglialoro's retention of his rights to the property, which were set to expire on June 15, 2010. Filming was completed on July 20, 2010, and the movie was released on April 15, 2011. Dagny Taggart was played by Taylor Schilling and Hank Rearden by Grant Bowler.
The film was met with a generally negative reception from professional critics, getting an 11% (rotten) rating, however audience and user reviews rate it at a 74% rating, on movie review aggregator Rotten Tomatoes, and had less than $5 million in total box office receipts. The producer and screenwriter John Aglialoro blamed critics for the film's paltry box office take and said he might go on strike.
However, on February 2, 2012, Kaslow and Aglialoro announced Atlas Shrugged: Part II was fully funded and that principal photography was tentatively scheduled to commence in early April 2012. The film was released on October 12, 2012. Critics gave the film a 5% rating on Rotten Tomatoes based on 19 reviews, while audiences gave the film an 84% rating. Film critics were not impressed with the film based on several reviews: one reviewer gave the film a "D" rating; while another reviewer gave the film a "1" rating (of 4).
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