The crash of FTX is one of the worst events in the history of cryptocurrencies. Millions of clients have lost their funds and disgraced former CEO, Sam Bankman-Fried faces up to 130 years in prison. His accomplices Gary Wang and Caroline Ellison, who embezzled billions from Alameda Research, also face an uncertain future.
But what is certain is that Hollywood and the entertainment industry are looking at the crisis as a potential box office blockbuster. Right now, several major production companies and studios are racing against the clock to release films, TV series, and documentaries about the disastrous FTX crash.
Here’s a look at six of the FTX-inspired film and TV projects currently in the works and the people behind them.
Amazon Studios ‘wonders’ at FTX crash
Anthony and Joe Russo, famous for making several iconic Avenger films, are working on an eight-episode miniseries that will cover the history of FTX. The producers are also reportedly trying to get Marvel actors to play some of the key characters in the series, which will be produced by ABGO, their production company. The project is expected to be backed by Amazon Studio and written by David Weil, known for his work on Apple Studios’ ‘The Hunters’ and ‘Invasion’.
Michael Lexis X Adam Mckay (or David Fincher)
Michael Lewis is a revered name in Hollywood. He is the man behind movies like ‘Flash Boys’, ‘Moneyball’ and ‘The Big Short’. He is now working on a book tracing the journey of disgraced cryptocurrency tycoon Sam Bankman-Fried. He reportedly spent nearly six months with SBF, following him everywhere and occasionally visiting him, even after his arrest.
Matthew Snyder, an agent with Creative Artists Agency (CAA), also revealed that Lewis has pitched the film and TV rights to his book and is close to reaching a deal with Apple, which could offer him a seven-figure deal.
Snyder also said that although Lewis began the book with a focus on the “white knight” of cryptocurrencies, the sudden collapse of the exchange compensates for a dramatic twist, which here is the USP. Amazon Studios and David Heyman, the man who produced the Harry Potter films, are also looking for the script. It’s certainly in high demand, and that’s probably an understatement too.
When it comes to stories like this, we immediately think of Adam McKay and his unique style of filming as a documentary which adds a sense of realism to these stories. According to reports, it could be either he or the great David Fincher, who has entered into a four-year partnership with Netflix, to direct the film.
Some other top-tier projects looking into FTX history
It may sound crazy, but there’s a flurry of different outfits trying to bring the story of FTX to the TV and movie screens. For example, Panoramic Media is working on a collaborative project with Andrew Ross Sorkin, the famous New York Times writer who interviewed SBF after the collapse of FTX.
Panoramic Media is owned by Jonathan Glickman, the former president of Metro Goldwyn Mayer Motion Pictures Group. Glickman can also be credited for several high-profile projects, including three James Bond films.
Yet another project could see Academy Award-winning writer Graham Moore write and direct his own version of the FTX story, based on the main cover story of the crash, published in New York Magazine. The project could be financed by Vox Media Productions. For those unfamiliar with Moore, he is the writer of “The Imitation Games”.
The popular Vice Media is also working on a documentary in collaboration with The Information, a renowned publication focusing on technology and business. The Hollywood Reporter says the documentary will be titled “SBF and the End of Silicon Valley,” in which experts from both companies will lay out, in great detail, how the crash happened, while also focusing on the evil entities behind it.
Along with Vice and The Information, another publishing company working on a feature-length documentary based on FTX is Decrypt. They’ve partnered with Mycos, the Web3 streaming service, and are working on a documentary that will feature some exclusive footage of SBF and the rest of the sinking ship. They hope to release the documentary this summer itself.
And finally, Academy Award-nominated filmmaker David Garg is working on a documentary in collaboration with premium non-fiction studio XTR. This is perhaps one of the first outfits to accept the project. A Vanity article reported that Garg was in the field in the Bahamas working on the film as early as Nov. 17, 2022. The article also claims that Garg and XTR have “unprecedented access to key FTX players and the cryptocurrency community.”
For the uninitiated, Garg is the man behind such iconic films as ‘You Cannot Kill David Arquette’ and ‘Body Team 12’. XTR also brings a lot of experience, having worked on films like ‘They Call Me Magic’ and the Emmy Award-winning ’76 Days’.
The collapse of the FTX exchange is a sensational event in the world of finance. Events like this are remembered throughout the ages, in part due to the films and documentaries that develop around them. On the flip side, FTX-inspired TV and film projects could paint a dire picture of the crypto ecosystem and associated risk. However, at the same time, bad publicity is still publicity and these productions could help bring digital assets further into the limelight.