Hollywood is never one to miss a pot of gold when they see one, as it was reported that MGM has recently landed the rights to the story of the GameStop Wall Street mania.
According to sources, the studio reportedly has acquired a book proposal to be written by the New York Times best-selling author Ben Mezrich, which will revolve around the ragtag group of small-time investors and Reddit trolls who banded together to bring hedge fund investors to their knees by causing the value of companies like GameStop and AMC Theatres to skyrocket.
Despite the news itself barely entering one week, Mezrich reportedly has taken the proposal on the movie at the end of last week, with MGM snapping up the rights soon after.
|Ben Mezrich also wrote the book that went on to become “The Social Network”|
It is noted that Mezrich’s previous book, “The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal”, was previously made into the Academy Award-winning movie, “The Social Network” – which is why the new yet-to-exist book and movie project have since received the moniker, “The Antisocial Network”.
However, it is unclear as to how the GameStop story will come together as a film.
The book is expected to go out for auction to publishers in February.
It is noted that filmmaker Adam McKay had previously directed a Wall Street-related movie back in 2015 titled, “The Big Short” based on the Michael Lewis’ “The Big Short: Inside the Doomsday Machine”, which revolved around the financial crisis of 2007–2008 that was triggered by the United States housing bubble.
The chaos surrounding the GameStop trading sparked last week, after a legion of retail traders on Reddit’s WallStreetBets message board began building the foundations for a short squeeze on the struggling video game chain GameStop, pushing up the stock price significantly and causing major losses for hedge funds involved in short selling. The whole event even attracted the attention of business magnate Elon Musk, known for his hatred of short sellers.