The first “Now You See Me” was a deliciously entertaining heist film with “the Four Horsemen,” a team of magicians, engaged in a diabolically clever combination of misdirection and triple-cons for the purpose of revenge, Robin Hood reparations, and showmanship. We know what that means for part 2 — the Empire strikes back, and it is a popcorn pleasure. The Horsemen stole from billionaire Arthur Tressler (Michael Caine) and framed the magician turned debunker Thaddeus Bradley (Morgan Freeman) so he ended up in prison.

At the end of the last film, the surprise twist revealed FBI agent Dylan Rhodes (Mark Ruffalo) as the brains behind the operation. As this one opens, the FBI, with Deputy Director Natalie Austin (Sanaa Lathan) in charge, does not know and thinks Rhodes is still looking for three of the Horsemen. They believe Jack Wilder, played by Dave Franco, was killed. They’re wrong about both. Rhodes is working with the Horsemen, including Wilder. But there is a new member of the group: Lula (Lizzy Caplan, replacing Isla Fisher). And they immediately run into a snag involving someone who knows a bit about magic in the movies: Daniel Radcliffe as Walter Mabry, a mysterious, mega-wealthy guy who wants the Horsemen to steal something for him. It’s the usual MacGuffin — some sort of computer thing that would give him access to everything/control of everything blah blah, and it’s locked away in a place with the kind of crazy security reserved for heist movies. All the world’s biggest, richest baddies are after it, and so the Horsemen have to find a way to get in there before one of them gets it.

The first movie had sensational performance showpieces. This one is more “Mission: Impossible” (the television series, not the Tom Cruise movies) until the final scene. But it keeps the sly twists coming, using all the magicians’ favorite ruses, from misdirection to an almost-balletic slight of hand. Just like “The Avengers,” it is a lot of fun to see each of the Horsemen use their skills — mentalist Merritt McKinney (Woody Harrelson), lock wizard Wilder, card master Daniel Atlas (Jesse Eisenberg). We learned in the first film that McKinney’s brother stole all his money and disappeared; it turns out he was an identical twin brother, and he shows up, played by Harrelson with hair that looks like that awful perm Mike Brady had in the last season of “The Brady Bunch.”

It has all the twists and reveals and surprises we were hoping for, including one saucy switch that is not about magic, just social conventions that have not caught up to reality, some very old school means of communication, and a touch of movie magic in giving us a glimpse of one character’s past with some CGI that looks a little more realistic than the “work” that has ruined so many Hollywood faces. Director Jon M. Chu (the “Step Up” movies) has a superb sense of space and movement, giving the story exuberance and flair. It’s a fitting encore and I hope we will see them all again in part 3.

Parents should know that this film includes some strong language, and some action-style peril and violence.

Family discussion: Would you want to be selected by The Eye? Which magic trick would you like to be able to master?

If you like this, try: the original film and “The Sting”