LOS ANGELES – The ending is not yet written, but Hollywood is moving fast to bring the story of the GameStop investment saga to the screen.
Separate projects at Netflix Inc. NFLX,
and Metro-Goldwyn-Mayer Inc. has been under development on Wall Street for the past week, in which an investment-oriented group teamed up on a Reddit message board to slash the share prices of struggling companies such as GameStop Corp. To increase GME.
and AMC Entertainment Holdings Inc. AMC,
in the process, the hedge funds that bet against it paralyzed.
Netflix is in talks with screenwriter Mark Boal, who dramatized real-life events such as the Osama bin Laden raid in ‘Zero Dark Thirty’ for a film that includes 24-year-old streaming business star Noah Centineo who is familiar with the matter.
At MGM, executives plan to develop an upcoming manuscript by Ben Mezrich on the saga titled “The Antisocial Network.” According to the person familiar with the agreement, the studio has moved so fast that it has the rights to the book proposal of Mr. Mezrich acquired.
An extended version of this article has been published on WSJ.com
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