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Book publishers scramble to sign ‘Reddit rally’ authors
A documentary about GameStop is the latest project set to chronicle the “Reddit rally” that took the stock market by storm in recent weeks.
Non-fiction and television studio XTR and documentary production company Optimist are joining forces on a feature documentary about the short squeeze movement that pushed shares of a small video retailer to outrageous new heights using Reddit forum WallStreetBets and no-fee trading apps like Robinhood.
“This story is still evolving daily,” director Chris Temple told Variety. “It’s so important to have a strong, nuanced documentary that can capture this landmark moment as it unfolds, through the perspective of the key people and forces that are shaping it.”
Temple and Zach Igrasci are set to direct the untitled GameStop documentary with Jenna Kelly producing and Bryn Mooser and Justin Lacob executive producing. The project was launched with a Kickstarter fundraiser that has amassed over $10,000 as of Friday morning.
According to the Kickstarter page, anyone who donates more than $50,000 will get an executive producer credit on movie database IMBD. If someone donates $100,000, they get their name on the film.
“The Robinhood GameStop saga is shaping up to be one of the most exciting stories of the year, with far reaching consequences about the future of the financial markets and America’s distaste for the standard institutional investors,” Lacob told Variety. “Similar to Fyre Festival, America is infatuated with these events and we’re excited to give audiences the full picture, especially as it continues to unfold.”
The scintillating storyline has Hollywood bigwigs lining up to give their takes on the big screen.
Oscar winning screenwriter Mark Boal, who is known for “The Hurt Locker” and “Zero Dark Thirty,” is writing a script, with Noah Centineo set to star in a major role.
MGM recently picked up the rights to author Ben Mezrich’s book proposal, “The Antisocial Network,” which also dives into the Wall Street fiasco. Grand Central Publishing plans to publish the book in the fall.
Jaime Rogozinski, the founder of Reddit’s WallStreetBets forum, sold his life story earlier this week to Brett Ratner’s RatPac Entertainment, whose roster of hits includes “Wonder Woman” and “Dunkirk,”
Book publishers are also scrambling to get in on the bizarre trading phenomenon. As The Post reported Thursday, at least three book proposals are circulating around the trading frenzy fueled by small investors, who helped cheap stocks like GameStop add billions to their market valuations overnight in an effort to squeeze hedge funds.
Journalists being courted to pen books include New York Times reporter Nathaniel Popper; Wall Street Journal scribes Julia-Ambra Verlaine and Gunjan Banejerli, and Brandon Kochkodin, a Bloomberg editor.
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