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The film sees Emile Hirsch play Speed Racer - no seriously that's his actual name - an up and coming driver who competes in insane races that take place over rollercoaster-like circuits. Though he's ably supported by his family he gets introduced to a wealthy businessman called Royalton (Roger Allam) who offers to give him corporate sponsorship and take him to the top. However, at the same time, Royalton explains that all major league races are fixed and he will be expected to win only when told to. Speed turns him down and decides to reach the end of season Grand Prix on his own. Royalton is furious and tries to sabotage Speed's career so in retaliation Speed secretly begins working alongside the "corporate crimes division" of the police. He works together with a masked driver called Racer X (Matthew Fox) - who may be his older brother who supposedly died in a car accident(!) - to not only get enough criminal evidence on Royalton to bring him down but also keep his racing career on track.
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The race scenes themselves are brilliantly realised and never less than heart-in-your-mouth experiences. I didn't watch the original anime as a kid but you can tell that the Wachowskis have made the races as faithful as possible. The tracks are bizarre and surreal twisting all over the place in cartoon-ish fashion. Everything is eye-searingly colourful and with it being nearly completely CGI the Wachowskis can afford to put the camera in very dynamic positions. Usually the problem I have with CGI heavy films is that there's a weightlessness to the action but Speed Racer makes no attempt to make anything realistic so this never factors in. The Wachowskis go the extra mile to make the world of Speed Racer completely cohesive by even blue screening in the sky!
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Speaking of tone, what really makes the film a good piece of cinema is that there's heart to it. I don't mind admitting that I was genuinely a little choked up at the end when Speed is driving in his final race and he reminisces back to when he was a little kid and snuck down to watch races on TV in silence with his dad. It was kind of a sucker punch because I didn't expect the film to have such an emotional backbone to it. The film builds nicely to an emotionally cathartic climax in much the same way that any sports film should - from Rocky to Happy Gilmore.
I guess I should take a second to look at why the film did flop. I think part of it is that it's a difficult thing to explain to the audience. They see the posters and figure it's just some bad mind-numbing kids film when actually there is some depth underneath all the glitz. In a lot of ways Speed Racer is a film that's out of step with the times. Blockbusters nowadays a grim, gray and dour affairs just look at The Dark Knight or Transformers. Also there's very few films that are actually aimed at young kids anymore. Everything is PG13 or 12A. I don't like the movement Hollywood is making to make "one size fits all" movies. There should be kids films, and teen films, and grown up films.
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All in all, Speed Racer is a lovingly crafted piece of kitsch retro nostalgia. It's an undeniably goofy film but it's played with sincereity by its cast. I'm kind of glad it flopped because I think as much as I enjoyed it I wouldn't want to see an endless array of sequels (and we all know the Wachowskis track record on sequels). The bottom line is this. Yes, it's colourful. Yes, it's hyperactive. No, it's not a bad film. It's surprisingly good. Go see it.
GRADE: A-