Amazon is engaged on a TV sequence about FTX drama with Russo Brothers • TechCrunch | Tech Aza

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The FTX drama is not over but, and Amazon desires a chunk of it. The corporate is teaming up with the Russo brothers, greatest identified for Marvel films, to placed on a present in regards to the spectacular collapse of the large cryptocurrency empire.

Amazon partnered with the duo’s manufacturing firm AGBO to make the present, which is able to start manufacturing in spring 2023, Selection first reported. Amazon can be attempting to rent the brothers to run the present, the report added.

The corporate confirmed the information in a press release and mentioned “Hunters” creator David Weil will write the pilot.

“We’re excited to proceed our wonderful working relationship with David, Joe, Anthony and the AGBO workforce with this thrilling sequence of occasions. I am unable to consider higher companions to deliver this multifaceted story to our international Prime Video viewers.” mentioned Amazon Studios head Jennifer Salke.

The Russos are additionally working with Amazon to create a multinational worldwide spy sequence referred to as “Citadel.”

“This is among the most brazen frauds ever dedicated. It cuts throughout many sectors: celeb, politics, academia, know-how, crime, intercourse, medicine, and the way forward for trendy finance,” the Russos mentioned of the upcoming present surrounding FTX in a press release. “On the heart of all of it stands an especially mysterious determine with complicated and doubtlessly harmful motivations. We need to perceive why.”

FTX collapse

FTX and its former CEO, Sam Bankman-Fried, have been on the heart of media protection all over the world after the infamous cryptocurrency alternate crashed earlier this month.

Coindesk beforehand reported worrisome financials from Alameda Analysis, the buying and selling firm based by Bankman-Fried and intently associated to the alternate. The report set off a sequence of occasions, culminating in Binance CEO Changpeng “CZ” Zhao revealing plans to promote FTX’s native FTT token that he had obtained as a part of an funding exit from the corporate.

The transfer shook the boldness of retail traders and sparked a financial institution run on FTX and revealed fraudulent misuse of FTX shopper information.

Bankman-Fried, who alongside together with his agency has attracted regulatory scrutiny in latest weeks, tried to avoid wasting FTX by signing a deal to be acquired by Binance, its primary rival on the time. Binance pulled out of the deal after discovering out that FTX had dug too deep a gap in its steadiness sheet. Inside days, FTX filed for chapter and Bankman-Fried resigned as CEO.

Within the wake of this chaos, Bankman-Fried gave a Vox reporter an interview through Twitter direct messages wherein she criticized regulators and expressed remorse at submitting for chapter and recanted lots of the beliefs she had held. proven about himself to the world. . Since then, experiences have additionally discovered that FTX used company funds to purchase homes. for workers and owes the highest 50 collectors plus $3 billion.

Bankman-Fried is scheduled to talk on the Dealbook summit subsequent week, so we might hear extra about what is going on on with FTX quickly.

showtime

All of this makes for a superb TV, for positive. It additionally helps that startup founders doing issues have grow to be a little bit of a sleeper hit of a style lately, as evidenced by hits like “WeCrashed” (Apple TV+) on the WeWork fiasco and Adam Neumann’s “Dropout” (Hulu ) in Theranos-Elizabeth the Holmes saga, and “Tremendous Pumped” (Showtime) in Uber directed by Journey Kalanick. So Amazon is keen to have successful present centered on a controversial tech founder in its catalogue. However we may see extra adoption of the FTX story.

Earlier this week, Deadline reported that consumers, together with Apple, want to signal the yet-to-be-published ebook by celebrated creator Michael Lewis. Lewis, who beforehand wrote hits that had been later tailored into films like “The Large Quick,” “Moneyball” and “The Blind Facet,” had been following Bankman-Fried intently for greater than six months earlier than the latest implosion.

Amazon’s present can be primarily based on “inside reporting” by a number of journalists who’ve lined the problem extensively, based on Selection.

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Amazon is working on a TV series about FTX drama with Russo Brothers • TechCrunch

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