Hi, this is Daniel Garber at the Movies for culturalmining.com and CIUT 89.5 FM.

It’s a holiday weekend filled with eggs, whether hard boiled or made of chocolate with a prize inside. So this week I’m looking at three new movies about… shells. There are VR gamers looking for a hidden easter egg, Wall Streeters investing in shell corporations, and WWI soldiers dodging mortar shells.

Journey’s End

Dir: Saul Dibb

It’s March, 1918, in the WWI trenches of northern France. Underground, where the officers stay, it’s dark, dank and smelly. Up on the surface its deadly dangerous, with snipers aiming at your head. Four British divisions rotate their stays at the front at one week per month. It’s like a lottery – with a one in four chance of dying. And the soldiers in Company C are just trying to stay sane and alive. There’s the fatherly Osborne (Paul Bettany) who everyone calls “Uncle”, the indefatigable cook Mason (Toby Jones), and the shell-shocked Hibbert.

So no one can understand why the green, idealistic Lt Raleigh (Asa Butterfield) pulls strings to join this benighted group. Why? His upper classman Captain Stanhope (Sam Claflin) is stationed there and he wants to see him again. But he doesn’t realize the level of death and despair that has taken hold there. And that his hero, Stanhope,

is now a mean and bitter alcoholic. The soldiers there are forced to make pointless raids in daylight so as not to interrupt the dinner schedule of far-off Generals. And things reach a boiling point when word gets out the Germans are about to attack on Thursday, right there. They’re essentially sentenced to die at the front. How do they all handle this?

Journey’s End – based on the classic play – is a tense retelling of an old war story, exactly 100 years later. It deals with the futility of war, the rigid British class system, and the male comeradery of life in the trenches. The acting is very good, and the camera wonderfully captures a world lit only by flickering lanterns. Even so, it was hard to sympathize with the stuff-upper-lip, tally-ho language of the script. The long theatrical conversations might might work on stage but not on the screen. The main emotions I got from this movie were depression, disgust claustrophobia and fatalism. It all felt too long, too slow, and too distant, especially once you know their fate… Just die already!

Ready Player One

Dir: Steven Spielberg

It’s 2045 in Columbus, Ohio and the world is a mess. People live marginal existences in ramshackle towers beside huge corporations. Wade (Tye Sheridan) is an 18-year-old orphan who spends most of his time online in a wildly- popular VR fantasy world called Oasis. Its creator left a trillion-dollar prize to whoever can solve the puzzles hidden within this digital world. First they must complete three levels of games and collect three keys  and claim the hidden easter egg. Wade he surprises the world by appearing on the boards as Player One, the top ranked player in the world. But he’s not the only gunter (egg hunter) trying to win. His closest virtual rivals are Art3mis (Olivia Cooke) a fiery red-head, Aech, a muscular giant and genius mechanic; plus Daito and Sho whose avatars look like a samurai and a ninja, respectively. Wade calls himself Parzival. Like the Wagner opera character, he’s searching for a holy grail. And he’s in love with the lovely Artemis. But as best-bud Aech keeps telling him: you only know her avatar – that’s not what she’s like in real life. And lurking in the shadows is the rich and evil Sorrento, (Ben Mendelssohn) the head of IOI, the corporate rival to Oasis’s company. He pretends to be a champion gamer, but he’s actually a fake who hires employees to play for him. But he’s out to win — and take over the world — at any cost. Which of the hunters will figure out the puzzle and find the easter egg? And can they defeat the villainous Sorrento?

Ready Player One is an incredibly fast-moving sci-if action movie. Oasis’s inventor, whose puzzles they’re all trying to solve, was obsessed with the 80s, so the movie feeds you a random hodgepodge of Back to the Future and Iron Giant, Gandam and Street Fighter, New Order and Van Halen, a non-stop shower of pop culture, to the point where you can’t tell self-referential jokes from cheap product placement. (Maybe they’re both?) But why would kids in the 2040s care about the 1980s? I can’t call this a good movie; it’s incredibly commercial, felt more like a theme park ride than a film, and parts were like watching a video game with someone else holding the controls. But you know what? I still enjoyed it. And it does have that classic Spielbergian look and sound.

China Hustle

Wri/Dir: Jed Rothstein

After the Subprime Mortgage crisis, American investors, pension funds, and ordinary moms and pops were looking to make some money. But where? Chinese people were making millions investing in their red-hot companies, but those stocks weren’t traded on Wall Street. Until, suddenly, they were. Hundreds of Chinese startups were being bought and sold and making big bucks. And companies like Roth Capital were holding lavish parties known as “investment conferences” to reel in buyers. They were backed by reputable auditors like Deloitte. It’s a win-win proposition – everyone makes money. Until, that is, some suspicious investors fly to Shanghai and looked around.

Turns out, many of these companies operate as “Reverse Mergers”. Existing Chinese corporations buy shell companies already registered in the US, take them over, change their name, and they’re open to make money.

But their books here don’t look like their books there. Idle factories in China are said to be making ten times what they’re actually earning. And no one’s checking up on them.

So a few maverick investors decide to short sell their stock (like in that movie The Big Short) counting on its value crashing soon. And they speed this along by publicising the corruption and questionable accounting of the parent companies back in China. The result, riches for a few, terrible losses for many.

The China Hustle is a fascinating documentary looking at the shady practices behind deregulation, auditing and investments, as told by three American short-sellers. I thought its view of China as a monolithic villain was superficial and rather one-sided; for example, it shows how these fraudulent investments affect ordinary Americans’ lives, but not how they affect ordinary Chinese.

But it does expose in detail a huge scandal I knew nothing about.

Ready Player One opens today in Toronto; check your local listings. Journey’s End and The China Hustle are in theatres and Video On Demand. This is Daniel Garber at the Movies, each Friday morning, on CIUT 89.5 FM and on my website, culturalmining.com.