The FTX drama just isn’t over but — and Amazon desires a bit of it. The corporate is partnering with Russo Brothers, greatest identified for Marvel motion pictures, to make a present on the spectacular collapse of the large cryptocurrency empire.
Amazon has partnered with the duo’s manufacturing home AGBO to make the present, which can go into manufacturing in Spring 2023, Selection first reported. Amazon can also be making an attempt to rope within the brothers to direct the present, the report added.
The corporate confirmed the information in an announcement and stated “Hunters” creator David Weil will write the pilot.
“We’re excited to have the ability to proceed our nice working relationship with David, Joe, Anthony, and the AGBO crew with this fascinating occasion collection I can’t consider higher companions to convey this multifaceted story to our international Prime Video viewers,” Amazon Studios head Jennifer Salke stated.
The Russos are additionally working with Amazon to create a multinational worldwide spy collection known as “Citadel.”
“This is likely one of the most brazen frauds ever dedicated. It crosses many sectors — superstar, politics, academia, tech, criminality, intercourse, medicine, and the way forward for fashionable finance,” the Russos stated of the upcoming present surrounding FTX in an announcement. “On the middle of all of it sits an especially mysterious determine with advanced and probably harmful motivations. We wish to perceive why.”
FTX and its former CEO Sam Bankman-Fried have been on the middle of media protection internationally after the celebrated cryptocurrency change imploded earlier this month.
Coindesk reported earlier in regards to the regarding funds of Alameda Analysis, the buying and selling agency based by Bankman-Fried and intertwined carefully with the change. The report triggered a set of occasions, culminating in Binance chief government Changpeng “CZ” Zhao unveiling plans to promote FTX’s native token FTT that it had acquired as a part of an funding exit from the agency.
The transfer shook the arrogance of retail traders and prompted a financial institution run on FTX and unraveled fraudulent misuse of FTX clients’ information.
Bankman-Fried, who alongside together with his agency have attracted regulatory scrutiny in current weeks, tried to salvage FTX by signing a deal to be acquired by Binance, its chief rival then. Binance pulled out of the deal after discovering FTX had dug too deep of a gap in its stability sheet. Inside days, FTX filed for chapter with Bankman-Fried stepping down from the CEO submit.
Within the aftermath of this chaos, Bankman-Fried gave a Vox reporter an interview over Twitter direct messages during which he criticized regulators and expressed regrets about submitting for chapter and walked again on most of the long-believes he had portrayed about himself to the world. Studies have since additionally discovered that FTX used company funds to buy homes for workers and owes the highest 50 collectors over $3 billion.
Bankman-Fried is scheduled to talk on the Dealbook summit subsequent week, so we could hear extra about what’s going on with FTX quickly.
Time for the present
All of this makes for a great TV, for certain. It additionally helps that startup founders doing issues has develop into a sleeper hit of a style lately as evidenced by hits like “WeCrashed” (Apple TV+) on the WeWork and Adam Neumann fiasco, “Dropout” (Hulu) on the Theranos-Elizabeth Holmes saga, and “Tremendous Pumped” (Showtime) on Uber led by Journey Kalanick. So Amazon is eager to get a success present centering on a controversial tech founder on its catalog. However we might see extra adoption of the FTX story.
Earlier this week, Deadline reported that consumers — together with Apple — are chasing to signal celebrated writer Michael Lewis’ yet-to-be-published ebook. Lewis — who has beforehand written hits that have been later tailored into motion pictures akin to “The Massive Quick,” “Moneyball,” and “The Blind Facet” — had been carefully following Bankman-Fried for over six months earlier than the current implosion.
Amazon’s present can be based mostly on “insider reporting” from numerous journalists who’ve coated the difficulty extensively, in line with Selection.