Amazon has ordered a miniseries based mostly on the collapse of crypto trade FTX from the administrators behind Marvel’s “Avengers” franchise.
Based on movie commerce paper Variety, Joe and Anthony Russo, the administrators of “Avengers: Infinity Struggle” and “Avengers: Endgame,” in addition to Netflix’s “The Grey Man,” will produce the eight-episode collection by means of their manufacturing firm ABGO. The Russo brothers are additionally in talks to direct the collection in addition to government producing.
The collection will likely be written by David Weil, whose earlier credit embody Amazon’s Hunters and Solos, in addition to Apple TV+’s Invasion. It will likely be based mostly on “insider reporting” from a number of unnamed journalists who’ve coated the FTX saga and its founder and former CEO Sam Bankman-Fried.
Describing the collapse of FTX as “one of the brazen frauds ever dedicated,” the Russo brothers referred to as Bankman-Fried, “an especially mysterious determine with advanced and probably harmful motivations.”
Per Selection, “a number of Marvel actors” have been in discussions over roles within the present. Alongside the Russos, different government producers on the collection embody AGBO’s Mike Larocca, Angela Russo-Otstot, and Scott Nemes, in addition to Natalie Laine Williams.
The FTX saga and Hollywood
As soon as one of many darlings of the crypto trade, FTX made headlines for its high-profile sports activities sponsorships with the likes of the Miami Warmth, and partnerships with celebrities together with Tom Brady and Gisele Bündchen. Its founder, 30-year-old Sam Bankman-Fried, made the quilt of mainstream enterprise publications similar to Fortune and Forbes.
FTX’s collapse took lower than every week to unfold.
After rival crypto trade Binance started promoting its holdings of FTX’s FTT trade tokens following unspecified “revelations,” panicked buyers started withdrawing their funds en masse from FTX. Simply days later, FTX declared chapter.
The leisure trade has already produced a number of works specializing in troubled entrepreneurs and their firms; Amanda Seyfried starred as Theranos founder Elizabeth Holmes—just lately sentenced to 11 years in jail for fraud—in Hulu’s “The Dropout,” whereas Jared Leto and Anne Hathaway just lately performed WeWork founders Adam and Rebekah Neumann in Apple’s “WeCrashed.”
So far, the crypto trade has attracted much less consideration from Hollywood, however that appears set to alter, with a number of tasks based mostly on the meteoric rise and fall of Bankman-Fried and FTX within the works.
Based on a report in commerce paper The Hollywood Reporter earlier this week, Apple is closing in on a deal for the rights to Michael Lewis’ guide on FTX. Lewis, the creator of “The Huge Brief,” “Moneyball” and “Flash Boys,” spent six months “touring with and interviewing Sam Bankman-Fried” for the guide, in response to a letter circulated by his company CAA.
A number of non-fiction tasks based mostly on the collapse of FTX are additionally being rushed into manufacturing; per The Hollywood Reporter, non-fiction studio XTR is engaged on a documentary presently in manufacturing within the Bahamas, the placement of FTX’s headquarters. Vice Media and tech publication The Data are producing a competing documentary.
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