In 2006 there was “The Prestige” of Christopher Nolan. Also a film about illusionists. And was there not another film around that time with the same theme? In any case, “Now You See Me” is also a film about ‘magicians’ (in the entertainment sense of the word) and, like “The Illusionist” is did not work out too well.
Leterrier portrays the spectacle of four gifted, yet different, illusionists who start to work together on gigantic shows. Their tricks become more and more pompous with a stab towards society. In one show they rob a Parisian bank during a show in Las Vegas. Of course they have the police on their heels who try to watch their every step. Also on their heels is the Thaddeus Bradley, an illusionist who found out that more money can be made by explaining magic than by making it.
Of course the film takes a few obligatory turns to come to the all explaining conclusion at the pretty poor end. That and a few weak scenes and dialogues make the film at its best moments somewhat entertaining, but overall a fairly typical and not too good Hollywood production.