Apple may very well be one of many first to rework the story of the collapse of Sam Bankman-Fried and his FTX crypto firm right into a function movie. Deadline reviews that Apple is within the lead for a deal to show an upcoming e-book from Michael Lewis into a movie, however the firm is dealing with intense competitors from Netflix and Amazon.
Michael Lewis has beforehand authored various critically acclaimed books, lots of which have been efficiently flipped into function movies: Moneyball, The Blind Facet, and The Massive Brief. Lewis has spent the final six months following Bankman-Fried’s each transfer, giving the creator a close-up have a look at the collapse of Bankman-Fried’s FTX crypto empire.
The streaming rights to Lewis’ upcoming e-book are extremely wanted. The deal is reportedly set to be valued within the “mid seven-figure vary.” Deadline says that its sources point out that Apple is “close to to a deal” and plans to show the story right into a function movie. Apple has reportedly beat out “appreciable competitors” from Amazon and Netflix.
Bankman-Fried was the CEO of the cryptocurrency alternate FTX, which collapsed in latest weeks because it was revealed it was not almost liquid sufficient. As such, Bankman-Fried, as soon as beloved to be value almost $30 billion, has additionally fallen from grace.
Some extra particulars on the mission from Deadline:
Lewis’ e-book will try to elucidate what went down on the firm and with Bankman-Fried, who was pressured to place his wealthy Bahamas resort up on the market and take care of the fallout that additionally noticed various celebrities together with Tom Brady and Larry David sued for his or her half in selling it.
We heard final week that others circling the mission included Amazon Studios, David Heyman, author Wells Tower and David Yates, Netflix with David Fincher and Sugar23 with Josh Gad.
As you would possibly count on, there are a selection of different tasks looming centered on FTX and Bankman-Fried, however having Lewis’ identify connected to this one makes it the “scorching property” in the mean time.
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