- Metro-Goldwyn-Mayer (MGM) has acquired movie rights to “The Antisocial Network”, a book proposal made by Ben Mezrich, one of New York’s best selling authors
- They will be depicting the story of Reddit’s investor chaos and GameStop’s sudden reign that recently occurred on Wall Street
- Meanwhile, the book will be auctioned to publishers by the end of February
MGM will be making a movie revolving around the chaos regarding Reddit’s retail investors at Wall Street.
The Story Of GameStop and Reddit
GameStop is a video game retailer store declining in terms of share market value over the past years. However, a group of retail investors on Reddit’s “WallStreetBets” forum pushed the gaming merchandiser’s shares to grow higher. The prices increased from a mere $6 to a whopping $469 last week. This led to immense chaos at Wall Street, after witnessing a 130% increase in a forgotten stock in just 24 hours.
This incident forms the crux of Ben Mezrich’s book proposal, which is titled “The Antisocial Network.” American media company Metro-Goldwyn-Mayer (MGM) has obtained the rights to produce a movie based on the same.
The havoc at Wall Street is currently going on, and the book is set to be auctioned off to possible publishing houses by the end of this month.
Bringing Down Large Hedge Funds
Winklevoss Pictures, established by business visionaries and bitcoin (BTC, +0.35%) tycoons Cameron and Tyler Winklevoss, will produce the film, as per a report published by Deadline. Aaron Ryder, who is the creator of “Appearance” and “Donnie Darko,” has been chosen to deliver the new film. He has signed a first-look film contract with MGM.
The story hovers around Reddit’s WallStreetBets group and their undertaking to cut down huge multifaceted investments by driving a short press on stocks. These large hedge funds include GameStop (GME), AMC Entertainment (AMC), and Nokia (NOK), along with others.
Mezrich will work with Michael DeLuca, the producer at MGM. They have also teamed up on “The Social Network,” which is an anecdote about Facebook’s ascent to popularity, also written by Mezrich. He has written over 20 books, with more than 6,000,000 copies sold so far. The Accidental Billionaires: The Founding Of Facebook, a Tale Of Sex, Money, Genius and Betrayal went through eighteen weeks on the New York Times smash hit list and showed up on hit blockbuster records in over twelve nations. Mezrich and Aaron Sorkin share a Scripter Award for Best Adapted Screenplay for the film variation The Social Network.
Mezrich is the lone verifiable creator to have two variations open #1 in the cinema world. His book “Bitcoin Billionaires” was a worldwide blockbuster and is being made into a movie, just like The Midnight Ride. This novella was initially distributed in serialized structure by The Boston Globe and will be delivered by Grand Central in January 2022. Amblin Partners have procured the element rights.
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