R / WallStreetBets founder Jaime Rogozinski discusses ‘meme stocks’, the rise of retail investors, Robinhood and its investment tips.
United Talent Agency is engaged in the Hollywood action associated with the GameStop trade chase.
REDDIT’S WALLSTREETBETS FOUNDER SELLS LIFE STORY TO FILM PRODUCER
Jaime Rogozinski, the founder of the speculative Reddit forum WallStreetBets, confirmed to FOX Business that he has signed with the agency, which represents such stars as Seth Rogan, Kevin Hart, Jessica Alba and Angelina Jolie.
UTA drafted a speech for Rogozinski during a conference in the fall and held preliminary discussions on its podcasts. Bloomberg, who reported the news for the first time, noted that speeches can range from a few thousand dollars to as much as $ 500,000 per occurrence.
A UTA representative did not immediately return FOX Business’s request for comment.
GAMESTOP SAGA TREATMENT OF HOLLYWOOD WITH MULTIPLE FILMS: REPORT
WallStreetBets earlier this year urged a group of amateur investors to band together and buy up the struggling call options for video games, hurting the short sellers and raising GameStop shares to unprecedented levels.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| GME | GAMESTOP | 208.17 | -11.97 | -5.44% |
| AMC | AMC ENTERTAINMENT HOLDINGS INC | 13.02 | -1.02 | -7.26% |
| BB | BLACKBERRY LTD. | 11.46 | -0.22 | -1.88% |
| KOSS | KOSS | 26.70 | -2.20 | -7.61% |
| NOK | NOKIA OYJ | 4.24 | -0.06 | -1.40% |
The amateur investors hit other heavily shorted stocks, including AMC Entertainment Holdings, BlackBerryLimited, Koss Corporation and Nokia Corp. At the end of January, short sellers lost at least $ 70 billion against US companies, including at least $ 19 billion on GameStop shares alone, according to financial data service Ortex.
The volatility in the market led the investment platform Robinhood to restrict trading on the heavily shorted securities, which caused the setback of Wall Street and Main Street. While Robinhood later revoked his decision, he opened the brokerage app for a hearing with the Financial Services Committee and the Justice Department allegedly launched an investigation into possible market manipulation.
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Rogozinski’s new performance is his latest incident in Hollywood. In February, Rogozinski sold his life story exclusively to director / producer Brett Ratner – who has been under the radar of Hollywood since facing several allegations of sexual harassment and assault.
Ratner and his film production company, RatPac Entertainment, are known for funding films such as ‘Wonder Woman’, and several episodes of the ‘X-Men’ franchise. According to The Wall Street Journal, in the “low six figures” Ratner entered into an agreement with Rogozinski to make a film, podcasts and other content based on the viral story.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| NFLX | NETFLIX, INC. | 524.03 | +3.78 | + 0.73% |
| MGM | MGM HOLIDAYS INTERNATIONAL | 39.91 | -1.05 | -2.56% |
Mark Boal, the screenwriter behind ‘Zero Dark Thirty’ and ‘The Hurt Locker’, will reportedly also be filming the stock market event for Netflix. Deadline reported that Noah Centineo, ‘To All The Boys I’ve Loved Before’, will play a key role in the film, while Scott Galloway, professor at NYU, technology guru and host of ‘Pivot’, on the project will consult.
In addition, New York Times bestselling author Ben Mezrich’s “The Antisocial Network” proposal on the same subject was also recorded by Metro-Goldwyn-Mayer studios. Mezrich apparently confirmed the news on Twitter, while Deadline reports that producer Michael De Luca (“Captain Phillips”) will reunite with Mezrich for the film. The duo collaborate on ‘The Social Network’, which is based on Mezrich’s ‘The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal’. Aaron Ryder will also produce. As executive producers, Cameron and Tyler involve Winklevoss, two central figures in the Facebook movie known as “The Winklevii”.
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According to Vulture, an HBO film is also being produced by Jason Blum, best known for horror blockbusters “The Purge” and “Get Out”, and New York Times columnist Andrew Ross Sorkin, co-creator of Showtime’s Billions “.
WallStreetBets will reportedly also be the focus of three different documentaries: The Wall Street Journal’s “This is Not Financial Advice” and two untitled documentaries, one directed by Jonah Tulis, best known for CBS All Acess (now Paramount + ), ‘”Console Wars” and XTR, the company behind “You Can’t Kill David Arquette.” XTR’s documentary is partly funded through a Kickstarter campaign.
It is reportedly also a doc series produced by Dan Cogan (“Icarus”) and Liz Garbus (“What Happens, Miss Simone?”), As well as a limited series titled “To the Moon” which according to production is quickly followed by company Pinky Promise, but no distributor has been identified. .