The Dinosaur And the Dog

TITLE: LAST ACTION HERO

DIRECTOR: JOHN McTIERNAN

WRITERS: ZAK PENN, ADAM LEFF, SHANE BLACK AND DAVID ARNOTT

THE BOTTOM LINE: Arnold Schwarzenegger battles his fiercest foe yet: the rumor mill that says his pricey new movie will fail.

In Jurassic Park, Hollywood apparently has a dinosaur-size hit. Now the town thinks it smells a dog. Last Action Hero, the Arnold Schwarzenegger adventure opening this week, has spurred doomsday rumors because of its ballistic budget (estimates run up to $120 million), a reputedly disastrous sneak preview last month, and the subsequent three-day shooting of a new sequence.

Columbia Pictures, anxious about its...

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