Apple could be among the first to make a feature film from the story of Sam Bankman-Fried and his FTX crypto company’s demise. According to Deadline, Apple is in the lead for a deal to adapt Michael Lewis’s upcoming book into a film, but the company will face stiff competition from Netflix and Amazon.
Michael Lewis has written a number of critically acclaimed books. And many of these have been adapted into feature films, including Moneyball, The Blind Side, and The Big Short. Lewis has spent the last six months following Bankman-every Fried’s move. And that providing the author with a firsthand account of the collapse of Bankman-FTX Fried’s crypto empire.
Lewis’ upcoming book’s streaming rights are in high demand. The transaction is expected to be valued in the “mid-seven-figure range”. According to Deadline, Apple is “nearing a deal” and intends to make the story a feature film. According to reports, Apple defeated “considerable competition” from Amazon and Netflix.
Bankman-Fried was the CEO of the cryptocurrency exchange FTX, which went bankrupt in recent weeks due to lack of liquidity. As a result, Bankman-Fried, who was once valued at nearly $30 billion, has also fallen from grace.
Deadline has some additional information on the project:
Lewis’s book will attempt to explain what happened at the company and with Bankman-Fried. Who was forced to sell his wealthy Bahamas resort and deal with the fallout? Which included celebrities such as Tom Brady and Larry David being sued for their roles in promoting it.
As one might expect, there are a number of other projects involving FTX and Bankman-Fried looming. But the fact that Lewis’ name is attached to this one makes it the “hot property” at the moment.