Apple nears movie deal for Michael Lewis' FTX crypto king story

Lewis’ book is one of several high-profile projects on the topic, but it's the one Apple wants

From Deadline's "Apple Nearing Deal For Michael Lewis’ Book Rights On Wild Story Of Fallen Crypto King Sam Bankman-Fried & FTX: The Dish" posted Tuesday:

Deadline is hearing that Apple is near to a deal for the book rights to Lewis’ story about fallen crypto king Sam Bankman-Fried and his FTX empire.

The author behind Moneyball, The Big Short and The Blind Side spent six months with the embattled entrepreneur, before the stuff hit the fan.

It is expected to be turned into a feature film. Word in town is an expectation that Adam McKay might become involved, but if so that would be down the road. He adapted Lewis’ book The Big Short. A lot of this is happening in real time, as sources said they didn’t believe there was much to pitch other than the subject and the promise of a proper deep dive by a writer who is the master of turning complicated financial matters into A-list entertainment.

We heard last week that others circling the project included Amazon Studios, David Heyman, writer Wells Tower and David Yates, Netflix with David Fincher and Sugar23 with Josh Gad.

Lewis’ book is one of a number of projects on the topic.

Scott Burns and Jonathan Glickman’s Panoramic have a project with The New York Times’ Andrew Ross Sorkin, who has closely covered the FTX debacle, and Graham Moore, the Oscar-winning writer behind Benedict Cumberbatch film The Imitation Game, also has thrown his hat in the ring with plans to write direct an adaptation of New York Magazine’s deep dive into the subject.

My take: Apple, Michael Lewis and the fallen crypto king... what's not to love?

8 Comments

  1. Romeo A Esparrago Jr said:
    Rise & Fall stories seem to make for popular book/film/TV subjects. What else might be closely monitored now for endgame drama? Elon/Twitter? Zuck/Meta? Whatsisname/Epic?

    4
    November 23, 2022
    • Steven Philips said:
      Twitter is closest, but the other two can’t come fast enough!

      1
      November 23, 2022
  2. Jerry Doyle said:
    These kinds of stories mesmerize me. Whether it is feelings of schadenfreude (pray not) or “there but for the grace of God go I,” I am drawn to them like green blow flies on a freshly dropped cowpat. What is it that attracts me to these kinds of stories? Does it have to do with smart people being duped? Or does it have to do with greedy folk getting gouged? All I know is give me a well written storyline, good acting, and a narrative associated with the real money world and I grab a bucket of freshly popped corn and plop myself down for an enjoyable experience.

    It pleases me immensely that Apple productions is involved in this project. That also means it will be a quality offering providing me the premium participation, involvement, knowledge, understanding, and sense of how the smartest of folk can be so deceived, conned, finessed and bamboozled all while I watch from afar like a fly on-the-wall. Just don’t spend too much Apple on the project. We do like our high margins. 🙂

    3
    November 23, 2022
    • Romeo A Esparrago Jr said:
      “ green blow flies … “
      Such lovely poetry evokes/awakens things within me, Jerry! Woops, gotta go to the …
      😉

      3
      November 23, 2022
  3. Jerry Doyle said:
    This just in from “Bloomberg:” The creator of Seinfeld and Curb Your Enthusiasm is among the slew of stars being sued for promoting FTX’s services and products. The lawsuits allege they lured unsophisticated investors into the debacle. Legal experts say celebrities’ prominence and wealth make them a juicy target for investors looking to recover some of their losses, with the company and co-founder Sam Bankman-Fried essentially broke. FTX put itself and more than 100 affiliates into bankruptcy proceedings this month, shielding them from suits. The promoters, who aren’t in bankruptcy court, have no such protection. A lawsuit against celebrities will generate a ton of money, because they will all settle, said John Reed Stark, former chief of the US Securities and Exchange Commission’s Office of Internet Enforcement. “…. It’s one thing to make your fans buy your T-shirt with your face on it. It’s another to tout something that causes them to lose their life savings.”

    2
    November 23, 2022
    • Steven Philips said:
      I somehow doubt he’s “essentially broke”. They just need to find his hidden assets.

      0
      November 23, 2022
  4. S Lawton said:
    “That also means it will be a quality offering “. Adaptions of his books have already shown as quality.

    2
    November 23, 2022
  5. Michael Goldfeder said:
    So where was Lina Khan, the Emperor of the FTC when all of this was being allowed to take place? Given that she likes writing term papers about everything tech related, she ought to be invited onboard to participate in the crafting of this screenplay.

    1
    November 23, 2022

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