Metro-Goldwyn-Mayer (MGM) is already making a film that tells the week-old story of a group of small investors from the social media platform Reddit who tackled the financial power of Wall Street.
According to a report by Deadline on Sunday, MGM on Friday acquired the film rights to a book proposal, known as “The Antisocial Network,” from Ben Mezrich, the best-selling author of the New York Times.
Winklevoss Pictures, founded by entrepreneurs and bitcoin billionaires Cameron and Tyler Winklevoss, will produce the film executive, according to the report. Aaron Ryder, who produced ‘Arrival’ and ‘Donnie Darko’ among others, was chosen to produce the new film after first signing a film contract with MGM.
The story revolves around the Reddit group WallStreetBets and their attempt to drive large hedge funds by pushing stocks such as GameStop (GME), Nokia (NOK) and AMC Entertainment (AMC), among others.
Mezrich will once again collaborate with Michael DeLuca, producer of the MGM, on ‘The Social Network’ – a story about the rise of Facebook, adapted from a previous Mezrich novel.
Meanwhile, publishers are expected to auction the book this month.