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MGM in Talks to Turn 'One Red Paperclip' Into a Movie

Kyle MacDonald Screengrab - P 2012
ABC

The story of how Kyle MacDonald bartered his way from a paperclip to a house is getting the movie treatment.

The story of how one man traded a paperclip for a house, one of the Internet Age’s legendary true tales, is getting the movie treatment from MGM.

In the mid-2000s, Kyle MacDonald was an unemployed Canadian who used a red paper clip to start a series of Internet trades, bartering his way to a house.

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The story became a sensation, one of the heart-warming demonstrations of the power of the Internet,  and landed MacDonald a book deal as well as a movie deal. His story was to have been a DreamWorks/Paramount movie with Parkes/MacDonald (no relation) producing.

The option lapsed in 2009 but now the story could get a new life.

Now MGM is in negotiations to pick up a pitch from Maria Maggenti, the writer behind the Selena Gomez movie Monte Carlo and Lionstate's put-on-hold Dirty Dancing remake.

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Laurence Mark, the veteran producer whose recent credits include Julia & Julia and Dreamgirls, is attached to produce.

Maggenti is repped by Paradigm and Madhouse Entertainment.