Randall Wallace's script for the movie Atlas Shrugged is 129 pages long, according to an interview in Script magazine. That seems pretty short for such a massive novel. According to one TV critic, "On a two-hour movie, the average screenplay runs 120 pages. Maybe 125. For 'A Few Good Men,' [the famously dialogue-heavy] Aaron Sorkin's weighed in at 149. For 'Schindler's List,' on which he did a final 'dialogue polish': 183 pages." I don't think they're going to include John Galt's Speech.
Wallace says he has finished the screenplay, and it's been "greenlit" by the studio. Angelina Jolie has been signed to play Dagny Taggart, and the movie may be in theaters next summer.
Wallace was nominated for an Oscar for his script for Braveheart, another movie popular with many libertarians. He first read the novel when his son at Duke University recommended it. Wallace gave his son C. S. Lewis's Mere Christianity, which suggests some interesting dinner-table conversations. (He's also writing a screenplay for Lewis's Screwtape Letters.)
Wallace found a familiar theme in Atlas Shrugged:
The assertion that change occurs when heroic individuals are willing to stand up--and further, that people in the herd want to be heroic individuals but aren't encouraged to do so until they find a leader worth following--is very much in Braveheart, and it's something thoroughly ingrained in the American psyche.
Wallace himself does not claim to be an Objectivist or a libertarian. He seems to be more enamored with the idea of great ideas than with the ideas themselves. And many fans of Atlas Shrugged are going to be skeptical that you can capture its essence in two hours. But I think Wallace is correct to say that a movie is not a book on screen. It has to be a creative work in its own medium. If it works well, it will introduce the ideas and the book to millions of new readers.
Wallace may direct the movie as well. The New York Times tells the story of the 35-year struggle to bring Atlas Shrugged to the big screen, with key roles played by Godfather producer Albert Ruddy and Objectivist businessman John Aglialoro. Script magazine is here, but the Wallace interview is not online.