It’s only been a week and there’s already a GameStop movie in the works. MGM is set to bring the story of how a group of Redditors inflated GameStop stock and derailed Wall Street to the big screen.
The story of Reddit’s war on Wall Street pretty much broke the internet this week. Both social media and traditional media have been completely enthralled with the tale of a bunch of regular folks on a Reddit sub who cost hedge funds billions of dollars over GameStop stock. It’s like the third generation-defining story we’ve had this year. As such, it makes sense that Hollywood is in a frenzy to make a GameStop stock market movie as quickly as possible.
According to a report from Deadline on Sunday, MGM acquired the rights to a book proposal by New York Times bestselling author Ben Mezrich, after a competitive negotiation. Mezrich’s book, to be titled The Anti-Social Network, will tell the story of the group of amateur investors who used the Reddit sub r/WallStreetBets to crush at least two hedge funds who had bet that GameStop stock would fall. In just a day, the market value rose over $10 billion. The Redditors then expanded their vision to include Nokia and AMC stock. The book is expected to go to auction for publishers later this month, and speed seems to be the name of the game here while the story is so timely.
This isn’t Mezrich’s first partnership with MGM. Mezrich wrote The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal, which was eventually adapted into The Social Network, and Academy Award-winning film produced by MGM’s Michael De Luca.
Speaking of The Social Network, The Winklevoss twins, Cameron and Tyler Winklevoss, are also set to executive produce under their Winklevoss Pictures production banner. They’re known for being successful investors, and the guys who sued Mark Zuckerberg for stealing their idea for a social media site back in 2004. Fictionalized versions of the twins, played by Armie Hammer, appeared in The Social Network.
Aaron Ryder, producer of critically acclaimed films such as Pieces of a Woman and The Prestige, will also produce the film adaptation of Mezrich’s book.