MGM to make movie about the chaos in Wall Street during GameStop stock – deadline

EXCLUSIVE: After one of the craziest weeks in Wall Street’s history, Hollywood has already set its sights on the wild story with a familiar face wanting to tell it. Sources tell Deadline that MGM has obtained the book proposal for a competitive situation The antisocial network of New York Times best-selling author Ben Mezrich, who tells one of the biggest news stories of the year, about a bunch of amateur investors, gamers and internet trolls who brought Wall Street to its knees. Although the story is barely a week old, insiders say Mezrich and his representatives took the proposal to market at the end of the week and by Friday night, MGM was moving fast to acquire the rights.

The project brings Michael DeLuca of MGM back with Mezrich, author of The random billionaires: the founding of Facebook, a story of sex, money, genius and betrayal, adapted in the Oscar-winning The social network which DeLuca produced.

This latest story looks right in Mezrich’s street and started when a group of rag-tag investors from the Reddit page Wall Street Bets teamed up to pursue at least two hedge funds that bet Gamestop shares would fall. due to the hedge funds that GameStop’s shares were short of, and bet that their stock was doomed to decline further, these amateur investors led the Reddit page started moving the other way and bought shares and stock options. This has caused GameStop’s market value to rise by more than 1,700% since December. Between Tuesday and Wednesday, the market value increased by more than $ 10 billion.

The fun did not stop there as more newcomers to the stock game started looking at other stocks that are considered obsolete or super low, such as Nokia and AMC to try to do the same, which resulted in a huge controversy when the trading app RobinHood has started restricting certain stocks.

It’s unknown where Mezrich’s story begins and stops, but it’s definitely a story as timely as you can get, and clearly is something Hollywood wanted to drop in its teeth so quickly.

Oscar-nominated Aaron Ryder of Ryder Picture Company (RPC), who recently signed a first feature film deal with MGM, will produce. Cameron and Tyler Winklevoss will be producing executive products via their production banner from Winklevoss Pictures. The project is known as a priority for MGM’s DeLuca and Pamela Abdy. Johnny Pariseau will oversee the studio. The book is expected to go to the publishing auction in February.

Mezrich has written more than 20 books, with more than six million copies. His books including The Down Down The House: The Inside Story of Six MIT Students Sho Took Vegas For Millions , who spent sixty – three weeks on the New York Times bestseller list and adapted for the screen with the film 21. The random billionaires: the founding of Facebook, a story of sex, money, genius and betrayal spent eighteen weeks on the New York Times bestseller list and appeared on more than a dozen countries on bestseller lists. Mezrich and Aaron Sorkin share a Scripter award for Best Processed Screenplay for processing the film The social network. Mezrich is the only non-fiction author to open two adaptations # 1 in the box office. His book Bitcoin billionaires was an international bestseller and is made like in a movie The Midnight Ride, a novella originally published in series by The Boston Globe and will be released by Grand Central in January 2022. The function rights were acquired by Amblin Partners.

The nominated Oscar-winning Ryder is a prolific producer, including projects Denis Villeneuve’s Arrival, with Amy Adams in the lead roles; Lisa Joy’s Remembrance Starring Hugh Jackman (now in production for Warner Bros.); the very award winning Pieces of a woman with Vanessa Kirby for Netflix, The good house for Amblin Pictures, and Greyhound Tom Hanks plays for Apple. He is currently on post The map of little perfect things for Amazon Studios and is currently in production in Montreal Damian Szifron’s Misanthrope starring Shailene Woodley, which he produced for FilmNation Entertainment. As one of the founding members of FilmNation, Ryder has made a major contribution to the creative direction and success of the company and has produced more than a dozen films, including: Arrival; Jeff Nichols’s Mud; and The founder, directed by John Lee Hancock and starring Michael Keaton. Ryder’s collaboration with Christopher Nolan runs deep, after producing The Prestige Hugh Jackman and Christian Bale performers and executive producers Memento with Guy Pearce in the lead role, who was nominated for two Oscars.

CAA repeats Mezrich’s book.