LOS ANGELES: The ending hasn’t been written yet, but Hollywood is moving fast to bring to the screen the story of the GameStop investment saga.
Separate projects on Netflix Inc. NFLX,
and Metro-Goldwyn-Mayer Inc. are already in development last week on Wall Street, in which a group focused on investing in a Reddit message board teamed up to raise the stock prices of troubled companies like GameStop Corp. GME,
and AMC Entertainment Holdings Inc. AMC,
in the process, paralyzing the hedge funds that had bet on it.
Netflix is in talks with screenwriter Mark Boal, who dramatized real-life events such as Osama bin Laden’s foray into “Zero Dark Thirty,” for a film that would include the company’s 24-year-old star streaming, Noah Centineo, according to a person familiar with the matter.
At MGM, executives plan to develop an upcoming Ben Mezrich manuscript on the saga titled “The Antisocial Network.” The studio moved so quickly that it acquired the rights to Mr. Mezrich’s book proposal, which is being bought from publishers to buy it this month, according to someone familiar with the deal.
An expanded version of this article was published on WSJ.com
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