Box office Speed Racers world premiere took place on April 26, 2008, during a
Nokia Theater Special Screening event in Los Angeles, where 4,000 people attended. It was released in regular theaters on May 9, 2008, grossing $18.6 million in its opening weekend from around 6,700 screens at 3,606 theaters in the United States and Canada, ranking third at the box office behind
Iron Man and
What Happens in Vegas. In its second weekend, it grossed $8.1 million and ranking fourth. The film ended its run on August 1, 2008, with $43.9 million domestically and $50 million overseas for a worldwide total of $93.9 million. Based on its total gross, it was considered a
box office failure. The results were well below studio expectations, given that production costs were estimated to be at least $120 million.
Critical response On the
review aggregator website
Rotten Tomatoes, 42% of 219 critics' reviews are positive, with an average rating of 5.5/10. The website's consensus reads: "Overloaded with headache-inducing special effects,
Speed Racer finds the Wachowskis focused on visual thrills at the expense of a coherent storyline."
Metacritic, which uses a
weighted average, assigned the film a score of 37 out of 100, based on 37 critics, indicating "generally unfavorable" reviews. Audiences polled by
CinemaScore gave the film an average grade of "A−" on an A+ to F scale. Writing for
The Hollywood Reporter, Kirk Honeycutt called
Speed Racers visual effects "stellar", but stated it "proudly denies entry into its ultra-bright world to all but gamers, fanboys and anime enthusiasts". He criticized that the story and character were "tossed aside" towards the "wearying" races. Todd McCarthy of
Variety noted the target audience should be amused, but others might think the film "a cinematic pile-up", citing its implausibility and the lack of identifiable peril in the driving sequences. While noting viewers interested in CGI would appreciate it, McCarthy said the frame sometimes resembled "a kindergartner's art class collage". He had praise for the cinematography, the musical score, and the cast.
Speed Racer "sets out to honor and refresh a youthful enthusiasm from the past and winds up smothering the fun in self-conscious grandiosity", declared
The New York Times A. O. Scott.
Glenn Kenny of
Premiere criticized the film's time-shifting narrative and multiple storylines, saying it "yields heretofore undreamed of levels of narrative incoherence". Kenny praised the film's look, saying the "cheez-whizziness" that others had criticised was "precisely the point". He remarked the movie inspires even more thinking than
The Matrix because of its "blatantly anti-capitalist storylines". Jim Emerson, editor at the
Chicago Sun-Times, wrote that
Speed Racer "is a manufactured widget, a packaged commodity that capitalizes on an anthropomorphized cartoon of Capitalist Evil in order to sell itself and its ancillary products". It was said to be "the most tiresome piece of CGI ()" of the "past couple of years" at the time of film's release by
Philip French, a
The Guardian critic.
IGN's Todd Gilchrist gave a positive review, stating that
Speed Racer "is not merely the best film that it could be, it's pretty much exactly what it should be: full of exciting, brilliantly-conceived races, primary-color characterizations and an irresistible sense of fun". He called
Speed Racer "a masterpiece of its kind", praising "the special effects extravaganza" and "the moment when the Wachowskis went from wunderkind directors to true auteurs".
Michael Phillips of the
Chicago Tribune described
Speed Racer as "buoyant pop entertainment and noted the Wachowskis respected "the themes of honor, dishonor, family loyalty and
Visigoth-inspired barbarism behind the wheel" of the original work. The cast is praised as being "earnest" and "gently playful". However, he stated that "it sags in its midsection" with unnecessary dialogue. Although it was said to be among the worst films of the year by Rebecca Murray of
About.com, she included
Speed Racer on her list of "Top 10 Action Movies of 2008", stating "the action sequences are definitely eye-catching".
Time magazine included
Speed Racer on its list of "The All-Time 25 Best Sports Movies" and "Top 10 Movies of 2008". It said "Not every
avant-garde FX masterpiece receives instant audience validation", described the film as "a rich, cartoonish dream: non-stop Op art, and a triumph of virtual virtuosity."
Roger Allam's portrayal of Arnold Royalton was praised;
Variety said he made "a delicious love-to-hate-him villain".
Time magazine critic
Richard Corliss claimed that Allam was "channeling Brit pundit
Christopher Hitchens as his most pompestuous"; similar comparisons were made by several other reviewers.
Retrospective reappraisal About the movie's reception, Christina Ricci said: "I think I was aware of the disconnect that was going on at the time, and I was sort of watching and... Not that I expected that, but I knew that there would be problems, because I knew that people were expecting something very different than what was actually going to be delivered." The film has appeared periodically on lists of underrated films.
Speed Racer was elected the third most underrated film of the 2000s by
Den of Geek's N.P. Horton, which called it "a game-changing film which redefined and reconceptualised the film form as we know it". Nick Hyman, writing for Metacritic, included the film on its list of "movies that critics got wrong" calling it "a cult classic in the making". It was described as "nearly unmatched [...] insofar as action/adventure/family films go" by Alejandro Stepenberg from
JoBlo.com, while
Slates Chris Wade named it "an underrated masterpiece", stating that the Wachowskis "made a brilliant visual cartoon that dares to ask that you take it seriously". Scott Tobias, who gave
Speed Racer a mixed review in
The A.V. Club upon its release, calling its visual effects "visionary" despite saying the film was "much of the time unwatchable", reassessed the film more positively in a 2021 article for
The Reveal, stating:"But that’s the thing about cutting-edge work: Not everyone is ready for the future, even if they suspect they’re seeing it. Over time,
Speed Racer has no longer seemed like a “big, indigestible lump” because my metabolism for processing images has changed, and its hummingbird flutter of montages, superimpositions, and visual effects is more legible."
Annalee Newitz of
io9 analyzed the ten reasons why they believe the film to be an "unsung masterpiece", including its visuals, humor, and political themes.
Tor.com's Dexter Palmer considered the possibility that the film is a "misunderstood art film", highlighting its color scheme that is a "pleasure" and the fact it does not try to seem real. Palmer lauded it because he does not think films must imitate reality, and ultimately said it is "an extreme reminder of what films, and especially fantasy and science fiction films, can place on screen" and that it is "a refreshing change of pace" in the film industry.
Collider's Kayti Burt ranked it at No. 30 of Best Hollywood Blockbusters of the 21st Century stating, "While other blockbusters of the year (and the decade) worked to ground their fantastical premises in a gritty, realistic setting,
Speed Racer leaned hard in the other direction."
Accolades Speed Racer was nominated at the
Golden Trailer Awards for "Summer 2008 Blockbuster", at the
MTV Movie Award for "Best Summer Movie So Far", at the
Motion Picture Sound Editors Golden Reel Award for "Best Sound Editing: Sound Effects and Foley in a Feature Film", at the
Visual Effects Society Awards for "Outstanding Matte Paintings in a Feature Motion Picture". At the
2008 Teen Choice Awards,
Speed Racer was a nominee in the category of "
Movie: Action Adventure", "Movie Actor: Action Adventure" and "Movie Actress: Action Adventure". The film was also nominated for the
29th Golden Raspberry Awards in the category of
Worst Prequel, Remake, Rip-off or Sequel. == Possible sequel ==