Posted Monday, Nov. 9, 2009, at 12:09 PM
Could James Cameron's Avatar kill 20 th Century Fox? According to today's New York Times , probably not. Michael Cieply reports that Fox has brought in outside investors to minimize the company's risk in the event that the $500 million Blue Man Group-in-outer space flick turns out to be a Heaven's Gate -style megaflop . Along with this smart financial buffering, the Times piece reveals that "Fox is backing up Mr. Cameron's movie with what an executive recently called the studio's 'secret weapon.' " What is this secret weapon that has the power to stave off potential bankruptcy? Alvin and the Chipmunks: The Squeakquel .
Fox's confidence in the Squeakquel is easy to understand: Despite rotten reviews , the company's first foray into computer-generated rodentia—2007's Jason Lee starrer Alvin and the Chipmunks —brought in $217 million. Alvin and the Chipmunks: The Squeakquel , which opens on Christmas Day (a week after Avatar 's debut), appears to follow the same high-pitched formula. Check out the trailer below—interspecies romance! the best furball football catching since Air Bud: Golden Receiver !—and judge for yourself if Fox's confidence is misplaced.