MGM buys rights to film adaptation of book about traders from Reddit fighting on Wall Street

According to Deadline, Hollywood studio Metro-Goldwyn-Mayer has bought out the film rights to The Antisocial Network, a book about amateur traders on Reddit fighting on Wall Street.

It will be authored by Ben Mezrich, best known for his book “Grudging Billionaires: How Facebook Was Created, A Story of Sex, Money, Genius and Betrayal.” 

Его работа легла в основу фильма режиссёра Дэвида Финчера под названием «Социальная сеть».

It is noted that the bidding for the rights to the film adaptation began last week, and on Friday MGM won them in the auction.

The book will tell you about the Reddit community Wall Street Bets, whose representatives once began to massively buy up shares in the GameStop retail chain of games.

In the first two months, the shares of the network have risen in price by almost 800%, which is why investors have lost a little more than $ 2021 billion since the beginning of 3,3, as they bet on the decline in the value of GameStop shares. 

The story of the war between hobbyist traders and investors began with a thread in which a user called Melvin Capital investors “a bunch of stubborn boomers.”

Недавно инвесторы подали коллективный иск против Robinhood после того, как она отключила возможность покупки GameStop и других акций.

Because of this, one of the traders ordered an airplane flight over San Francisco with a banner “Suck my balls, Robinhood.” To circumnavigate the headquarters of an online brokerage company, the author specially paid the pilot.

As a reminder, at the end of December 2020, it became known that MGM executives were preparing to sell the studio. The heads of the company believe that not only traditional film market players, but also streaming services may be interested in buying MGM.

MGM владеет не только франшизой про Джеймса Бонда, но и ещё более чем 4000 тайтлов, в их числе трилогия «Хоббит» и серия фильмов «Рокки», а также сериалы «Викинги» и «Рассказ служанки». Рыночная стоимость MGM, включая долг, составляет около 5,5 млрд долларов.

Related Posts

Consular processing has been suspended for conscripts: the Foreign Ministry says they want to “safeguard” them

The clarification explains this by saying that the period for consideration of new applications may exceed the time remaining before the law on mobilization comes into force….

Even with weapons from the United States, it takes time to stabilize the front, – Kovalenko

Having stabilized the front, the Ukrainian Armed Forces will be able to move on to the next stage – preparing their offensive. Without help from the United…

The EU has developed a plan to use the proceeds from the frozen assets of the Russian Federation, – Borrell

Such a mechanism could bring in €3 billion a year. Borrell spoke about the mechanism for seizing income from frozen Russian assets / photo REUTERS The European…

“You understand what is superfluous, who is superfluous”: the leader of the group “Sky” told how the war changed him

Link copied https://www.unian.net/lite/stars/ponimaesh-chto-lishnee-kto-lishniy-lider-gruppy-skay-rasskazal-kak-ego-izmenila-voyna-12614730.html He looks at some things differently now. The leader of the Ukrainian group “Sky” Oleg Sobchuk told how the full-scale Russian invasion of Ukraine…

In Russia, they formed a “star” of patriotism from the ex-curator of the game “Blue Whale”

A few years ago, Alexander Glazov pushed teenagers to commit suicide, and now he speaks to schoolchildren in the Moscow region. In Russia they formed a “star”…

What a holiday is April 23: memorable events in history, signs and prohibitions of the day

April 23 is celebrated as Moonlit Dating Day and International Nose Picking Day. What is the holiday today in Ukraine and in the world / photo Pixabay…

Leave a Reply

Your email address will not be published. Required fields are marked *