If Hero's failure is daunting Schwarzenegger, he isn't showing it. Determined to prove that his future lies more in Action Lite than in Terminator-style pyrotechnics, he declined to hitch up with producer Joel Silver for the hard- action Sgt. Rock. Instead, he recently signed with T2 director James Cameron to film another action comedy, True Lies. After that, he'll make Junior, an Ivan Reitman comedy costarring his Twins compadre, Danny DeVito.

While competitive Hollywood has clearly enjoyed Canton's public humiliation, the embattled chairman may just be down, not out. Columbia is now shifting its hopes to Clint Eastwood's In the Line of Fire and betting that with retooled marketing Hero can do better overseas. So don't laugh when NASA launches a rocket later this summer emblazoned with the movie's title and Arnold's name. Columbia's ever-sanguine executives insist the half-million-dollar stunt will provide a perfect send-off for its foreign openings. They can only hope that when the film journeys abroad, its word of mouth will get lost in translation.

3RD BY A LENGTH
In the unforgiving summer-movie derby, big films sprint to the box office or die trying. Ten days into Last Action Hero's release, one liberal estimate puts the final U.S. theatrical gross for Hero at a limp $51 million, while most forecasts have Jurassic Park making $300 million (and excitable types say it may equal E.T.'s record $399 million).

*Box Office Gross in Millions of Dollars
JURASSIC PARK
After First Weekend 50.16
After Second Weekend 120.17

CLIFFHANGER
After First Weekend 20.46
After Second Weekend 37.17


LAST ACTION HERO
After First Weekend 15.33
After Second Weekend 30.01

SLIVER
After First Weekend 12.14
After Second Weekend 23.46
*SOURCE: Exhibitor Relations


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