Redditors’ David-versus-Goliath attack on Wall Street quickly caught Hollywood’s eye. Here are the 4 WallStreetBets-centered projects in development.
The recent Reddit crusade against Wall Street using GameStop’s stock has captured not only the attention of aspiring private investors, but also of entertainment industry creatives, inspiring four separate movies and series. These four projects are already in development, helmed by fledgling studios and Hollywood veterans alike. Even as leaders on the now-infamous subreddit r/WallStreetBets continue to hold their positions, arguing the fight is far from over, their story looks to be told even as it’s still unfolding.
The subreddit r/WallStreetBets, founded in 2012, hosts a community of Redditors with a shared interest in the stock market (read: “Stonks”), particularly in risky trades and general meme buying. When this community discovered hedge funds had massively shorted the beloved video game retailer GameStop, they bought stock and drove its price way up, sending shockwaves through the financial sector. The ensuing movement represented a collective struggle of lower- and middle-class individuals banding together against the system that gives Wall Street unreasonable wealth and power (even if, inevitably, the people who jumped on at the tail end ended up being hurt). And naturally, this David-versus-Goliath story piqued the interest of several creative entities looking to capitalize on the moment and tell the tale. Now, there are four projects currently in the works.
First up is MGM’s movie concept. Deadline reports that the studio recently acquired Ben Mezrich’s book proposal on the GameStop stock situation. Mezrich, a New York Times best-selling author, previously wrote The Accidental Billionaires: The Founding of Facebook, a Tale of Sex, Money, Genius, and Betrayal, which was then adapted into The Social Network (2010). Attached to produce this new film are the Winklevoss twins themselves, Cameron and Tyler Winklevoss, alongside Academy Award nominee Aaron Ryder (Arrival, The Prestige).
Next, Netflix is assembling a feature package of their own focusing on the r/WallStreetBets saga. According to Deadline, the production has attached Mark Boal to write, Noah Centineo to star, and NYU professor/activist Scott Galloway to consult. Boal won an Academy Award as screenwriter of The Hurt Locker (2009), and was nominated for Zero Dark Thirty (2012). He has experience with quick turnaround, having completed the latter in remarkably short order following the news of Bin Laden’s killing. If the conventional wisdom holds, the first project into production fares the best amongst a competitive field, giving this Netflix property an edge in this four-horse race.
The first TV series to focus on the Reddit GameStop saga, To The Moon, comes by way of industry newcomer Pinky Promise, a young studio looking to empower up-and-coming creatives. Deadline reports that the studio, founded by Matthew Cooper and Jessamine Burgum, has met with leaders on r/WallStreetBets, hedge fund insiders, and others to tell this episodic story, commenting “Pinky Promise was founded to champion the underdog – it’s hard to imagine a story that captures that ethos more than To the Moon. We’re committed to doing the movement justice with this series and having a lot of fun along the way.”
And finally, veteran producer Brett Ratner’s company RatPac Entertainment (Wonder Woman, Dunkirk) has acquired the rights to r/WallStreetBets founder Jaime Rogozinski’s life story. The New York Post reports that this project aims to tell the story of the subreddit from its inception to its recent explosion, comparing the Reddit GameStop phenomenon “to a ‘train wreck’ and a horror movie.” Ratner himself has been embroiled in sexual harassment allegations which caused him to lose a $450 million deal with Warner Bros., but having the rights to Rogozinski’s life story gives him a unique angle at this highly competitive field.