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How is The Color of Money connected to The Hustler?

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The Color of Money (1986), directed by Martin Scorsese, serves as the sequel to the 1961 film The Hustler.12

Both films feature Paul Newman in the iconic role of "Fast" Eddie Felson, a pool hustler. While The Hustler depicts Felson’s earlier years as a brash, traveling pool player, The Color of Money continues his story, a performance for which Newman ultimately won an Academy Award.12