The FTX drama isn’t over but — and Amazon needs a chunk of it. The corporate is partnering with Russo Brothers, finest recognized for Marvel motion pictures, to make a present on the spectacular collapse of the enormous cryptocurrency empire.
Amazon has partnered with the duo’s manufacturing home AGBO to make the present, which is able to 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 a press release 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 carry 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 referred to as “Citadel.”
“This is likely one of the most brazen frauds ever dedicated. It crosses many sectors — superstar, politics, academia, tech, criminality, intercourse, medication, and the way forward for fashionable finance,” the Russos stated of the upcoming present surrounding FTX in a press release. “On the middle of all of it sits a particularly mysterious determine with advanced and doubtlessly harmful motivations. We need to perceive why.”
FTX collapse
FTX and its former CEO Sam Bankman-Fried have been on the middle of media protection the world over after the celebrated cryptocurrency alternate imploded earlier this month.
Coindesk reported earlier concerning the regarding funds of Alameda Analysis, the buying and selling agency based by Bankman-Fried and intertwined intently with the alternate. 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 obtained as a part of an funding exit from the agency.
The transfer shook the boldness of retail buyers and prompted a financial institution run on FTX and unraveled fraudulent misuse of FTX clients’ knowledge.
Bankman-Fried, who alongside along 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 publish.
Within the aftermath of this chaos, Bankman-Fried gave a Vox reporter an interview over Twitter direct messages wherein 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. Stories have since additionally discovered that FTX used company funds to buy homes for workers and owes the highest 50 collectors over $3 billion.
Time for the present
All of this makes for an excellent TV, for certain. It additionally helps that startup founders doing issues has grow to be 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 successful present centering on a controversial tech founder on its catalog. However we may see extra adoption of the FTX story.
Earlier this week, Deadline reported that patrons — together with Apple — are chasing to signal celebrated creator Michael Lewis’ yet-to-be-published e book. Lewis — who has beforehand written hits that had been later tailored into motion pictures similar to “The Huge Quick,” “Moneyball,” and “The Blind Facet” — had been intently following Bankman-Fried for over six months earlier than the current implosion.
Amazon’s present might be based mostly on “insider reporting” from numerous journalists who’ve coated the difficulty extensively, in line with Selection.
