Amazon Studios, Apple and Netflix are fighting for the movie rights to FTX and SBF

Amazon Studios, Apple, and Netflix are competing to see who will get the film and TV rights to Michael Lewis’ book about the FTX collapse.

U.S. creator and financial journalist Michael Lewis are working on a book covering everything about the FTX collapse. This is because Lewis has spent time with Sam Bankman-Fried, he has been able to keep up with everything from the height of its popularity to its downfall.

Lewis rose to popularity for writing books like Big Short, The Blind Side, and Moneyball.

Once the entertainment industry got wind that Lewis was doing work on this book, they swooped in to get the rights.

On the plus side, it will also provide insight into FTX’s internal performance, because Lewis has been in close contact with former CEO Bankman-Fried.

Apple may be close to closing the deal

There will undoubtedly be enormous interest in Lewis’ book following its publication as there is precedent for tapes and TV shows based on notorious incidents in the tech industry. From WeCrashed to Super Pumped: The Battle for Uber.

Already Hollywood has shown interest in covering the worst tech developments, so a great opportunity can be found here.

SBF bought real estate for costs in the hundreds of millions of dollars.

Reuters reported that Bankman-Fried, his dads, and executives bought 19 real estate properties for a cost of almost $121 million in the Bahamas.

The Wall Street Journal additionally reported that Bankman-Fried cashed out $300 million in an earlier October 2021 funding round. At that instant, the exchange raised $420 million.

Conclusion:

Cryptocurrencies are a field that has already drawn a lot of attention, this year alone there have already been several companies that have suffered a collapse of some sort that has caused the market to crash. 

But none has been so full of a plot twist as what is happening with FTX, so seeing a story on the small screen can draw attention and cause popularity back to cryptocurrencies, plus it will help people understand how this world works and that a company’s actions can move the market.