Amazon Beats Apple For Rights To Produce Series About The FTX Disaster

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November 24, 2022 by CoinSurges
The FTX saga is coming to Amazon’s streaming service after a fierce bidding war; the drama will be released as a limited series, according to a report from Deadline The studio defeated tech giant

The FTX saga is coming to Amazon’s streaming service after a fierce bidding war; the drama will be released as a limited series, according to a report from Deadline. The studio defeated tech giant Apple, Netflix, and other major Hollywood studios for the rights. 

The report claims that Amazon Studios will base the show on an upcoming book from author Michael Lewis. The writer is famous for turning financial dramas into fiction. Some of his most well-known books, “The Big Short,” “Moneyball,” and “The Blind Side,” were turned into successful films.

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Amazon Studios In Talks With “Avengers” Directors

According to Deadline, the streaming service will release the series as an eight-part limited show. The studio is currently in discussions about the show’s angle and direction. 

The report claims that directors Joe Russo and Anthony Russo (“Avengers,” “Avengers: Infinity War”) might take the helm. David Weill (“Citadel”) will write the show’s pilot. The studio is yet to release further details about the project. 

Deadline claims Apple was about to win the rights for the show; the studio was closed to signing mid-seven figures with Michael Lewis. However, Amazon prevailed, snatching the project from its competitors. 

The company is trying to gain a stronger foothold in the entertainment industry with its streaming service, Amazon Prime. The company has had some success, but it seems far from reaching its ultimate ambitions. 

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The platform might receive a boost from the upcoming FTX-based series. The drama has recently been all over mainstream media platforms due to the failed company founder and former CEO Sam Bankman-Fried (SBF). 

The former top executive at FTX met with U.S. regulators, testified in front of the U.S. Congress, donated millions to the democratic party, and hired celebrities to promote the trading venue. Bankman-Fried fell from grace and might have been running one of the biggest Ponzi schemes in the history of the financial sector. 

SBF Wins Straight To Hollywood Card

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The crypto community has denounced Bankman-Fried and FTX, and U.S. citizens are suiting the platforms, and his promoters, while the company is undergoing a bankruptcy process. However, Bankman-Fried will be one of the speakers at the Dealbook Summit. 

Next Wednesday 30th, the former FTX CEO will speak alongside the current U.S. Secretary of the Treasury, Janet Yellen, the former U.S. Vice-President Mike Pence, and other high-profile individuals. Andrew Sorkin, a bidder for the Lewis’ book right according to Deadline, will interview Bankman-Fried. 

Commenting on recent events and SBF’s appearance in New York, the CEO at Tesla, Twitter, and SpaceX, Elon Musk, stated: “This is one the biggest failures in U.S. journalist integrity of the 21st century.”

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