The magic of cinema and the magic of magic tend to cancel each other out. Once you convince someone they're seeing alternate realities, alien conquerers, and distant futures, pulling a rabbit out of a hat looks a little underwhelming. It is a cruel, sad truth that a single cut negates all the impact of the greatest act of sleight of hand.
So, a movie about magic needs to be about more than just magic. The silly but not entirely unpleasurable 'Now You See Me' is about showmanship. There are a lot of good actors in this movie, including Jesse Eisenberg, Woody Harrelson, Isla Fisher, Morgan Freeman, Michael Caine, Melanie Laurent, and Mark Ruffalo. They play illusionists, mentalists, hucksters, debunkers, billionaire industrialists, Interpol officers, and FBI agents, respectively(ish). All of them, no matter whether they're wool-pullers or wool-pullees, look like they're having a grand old time misdirecting us through a labyrinthine plot involving magicians, bank heists, and decades-old vendettas. For a while, the fun is infectious. I found myself chuckling at the outrageous character names -- Dylan Rhodes! Jack Wilder! Arthur Tressler! Thaddeus Bradley! J. Daniel Atlas! -- and grinning at the ludicrous twists. Like a mark at a good magic act, I knew I was being worked over and was enjoying every second.