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HBO is jumping into the crowded pool of producers circling projects about the GameStop stock saga.
The premium cabler has put into development a movie project from Billions co-creator and financial journalist Andrew Ross Sorkin, former HBO Films head Len Amato and Jason Blum. The untitled project will chronicle how an uprising of social media day traders beat Wall Street at its own game and (at least temporarily) and turned the stock market upside down, shaking the financial world to its core.
No writer is attached yet. Blumhouse Television, Amato’s Crash & Salvage and Sorkin’s TBTF Productions are producing.
The HBO movie is one of several scripted projects being rushed into development in the wake of the GameStop frenzy, in which members of the r/WallStreetBets forum on Reddit pushed up the stock price of the video game retailer — and also that of AMC Theatres — exponentially in an effort to soak hedge funds that had shorted the stocks. At least two documentaries are also in development.
Netflix has a movie in the works about the story, with Oscar winner Mark Boal (The Hurt Locker, Zero Dark Thirty) set to write the script and Noah Centineo attached to star. MGM has snagged rights to a forthcoming book by Ben Mezrich (whose book about Facebook was the basis for The Social Network), and Brett Ratner’s RatPac Entertainment has acquired rights to make a film based on the life of WallStreetBets founder Jaime Rogozinski.
Sorkin wrote the book Too Big to Fail about the 2008 financial crisis and co-produced HBO’s 2011 movie based on the book. He’s a co-creator and executive producer of Billions, which is going into its sixth season on Showtime. He’s repped by CAA.
Amato departed HBO last year after more than a decade as head of HBO Films and formed production company Crash & Salvage. Blumhouse and HBO previously collaborated on Sharp Objects.
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