Winklevoss Billionaires Bankrolling Movie About GameStop Stock Saga

Mandatory Credit: Photo by Richard Young/Shutterstock (8772990ek)Tyler Winklevoss and Cameron WinklevossThe Costume Institute Benefit celebrating the opening of Rei Kawakubo/Comme des Garcons: Art of the In-Between, Arrivals, The Metropolitan Museum of Art, New York, USA - 01 May 2017.
Richard Young/Shutterstock / Richard Young/Shutterstock

Although the ink is barely dry on the short-sale receipts, it appears that the ongoing GameStop drama is already headed for Hollywood. It’s barely been a week since grassroots Reddit warriors united to foil Wall Street hedge fund bigwigs from cashing in on the video game retailer’s anticipated demise, with many stock market amateurs making lots of money over just a few days.

See: Elon Musk Absolutely Grills Robinhood CEO in ‘Electric’ Interview
Find: Meet All the Major Players in the Robinhood vs. GameStop Saga 

But according to Deadline, MGM wasted no time in purchasing the movie rights to the outrageous story, which steered the stock market through one of its wildest weeks in recent memory.

To the storyteller, it’s familiar ground

The project is apparently the brainchild of a person with plenty of experience chronicling the exploits of online disruptors. MGM is reported to have bought the rights to a book proposed by Ben Mezrich. If that name doesn’t ring a bell, he’s the author of the book that “The Social Network” movie was based on. His proposed new book–tentatively titled “The Antisocial Network”–would tell the real-life David-vs-Goliath tale of how a rogue’s gallery of online trolls, gamers, and part-time investors took the hammer to the world’s biggest investment banks.

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See: Learn from the GameStop Frenzy with This Quick Guide to Short Selling
Find: Is Silver the New GameStop? Thanks to Reddit, Precious Metal Hits 11-Year High

Heavy-hitters are already on board

The ball appears to be in motion. Deadline reports that the movie is a top priority for MGM shot-callers and Oscar-winner Aaron Ryder’s Ryder Picture Company has already signed on to produce the film.

As if the already made-for-Hollywood story couldn’t get any better, executive production duties will fall to Cameron and Tyler Winklevoss’ Winklevoss Pictures. They’re the guys who claim to have invented the concept of Facebook only to be muscled/hustled out by a wily and deceitful Mark Zuckerberg. That story, of course, was chronicled in “The Social Network.”

On Friday, Tyler Winklevoss made it clear in a tweet that he was not a fan of Robinhood, which notoriously blocked retail traders from buying GameStop stock last week – will this movie take a similar stance?

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Although no concrete timelines have been announced, things are moving quickly, to say the least. Publishers will get a chance to bid on the book this month, which is sure to set lead to an impressive book deal.

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About the Author

Andrew Lisa has been writing professionally since 2001. An award-winning writer, Andrew was formerly one of the youngest nationally distributed columnists for the largest newspaper syndicate in the country, the Gannett News Service. He worked as the business section editor for amNewYork, the most widely distributed newspaper in Manhattan, and worked as a copy editor for TheStreet.com, a financial publication in the heart of Wall Street's investment community in New York City.

Winklevoss Billionaires Bankrolling Movie About GameStop Stock Saga
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