After the FTX collapse, the story appears to be straight out of a financial thriller based on fiction and made-up characters. However, the story and the people behind it are very real and today’s streaming giants like Amazon, Apple and Netflix are all vying for the rights to tell the FTX story.
“Multiple” film adaptations of the rise and fall of FTX are coming
Numerous reports have indicated that novelist and financial journalist Michael Lewis is working on a book based on the FTX saga. Lewis was said to have spent a few months with former FTX CEO Sam Bankman-Fried (SBF) before the stock market collapsed.
According to the Hollywood Reporter, “Multiple projects [are] in progress on the rise and fall of the crypto exchange.” Lewis is also known for creating financial thrillers, having authored the popular stories “Moneyball,” “The Big Short,” and “Flash Boys.”
The Hollywood Reporter’s Mia Galuppo explains that Apple may get the rights to Lewis’ story through FTX, as Galuppo reports that “sources are priced the deal with Apple in the mid-seven figure range.”
Galuppo also says that filmmaker Graham Moore is working on an adaptation of the FTX story and film studio XTR is already in the Bahamas to shoot a non-fiction documentary about FTX and SBF. Tech publication The Information also revealed that Vice Media is working on a documentary on the FTX fiasco.
Techcrunch reporter Ivan Mehta explained on November 24 that Amazon is working with the Russo Brothers, who are well-known Marvel filmmakers, on a television series. Discussing the upcoming TV movie series, the Russos said that the storyline includes pretty much everything.
“This is one of the most brazen scams ever committed. It cuts across many sectors – celebrity, politics, science, technology, crime, sex, drugs and the future of modern finance,” the Russians told Techcrunch. “At the center of it all sits a deeply mysterious figure with complex and potentially dangerous motives. We want to understand why.”
What do you think of Hollywood and streaming giants vying to release documentaries about the FTX saga? Let us know what you think about this topic in the comment section below.
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