HBO and Netflix betting on GameStop-Wall Street Incident: New series, movies in development

HBO is betting on electronics retail company GameStop as the premium cable network has green-lit a scripted series on the social-media driven financial scenario. According to The Hollywood Reporter, “Billions” co-creator and financial journalist Andrew Ross Sorkin, Jason Blum and former HBO Films head Len Amato are executive producing the project.

The untitled show will follow the stock saga where hedge fund managers had bet on GameStop to lose a lot of value, but several scores of people in the wallstreetbets Reddit forum exchanged tips and bought the company’s shares. This demand saw a massive rise in the share price of GameStop by 135 percent on a single day and those who were leaning towards the drop in value had to buy their shares back. No writer is attached yet. Blumhouse Television, Amato’s Crash & Salvage and Sorkin’s TBTF Productions are producing

A movie is also in development on GameStop at Netflix with Mark Boal, known for “The Hurt Locker” and “Zero Dark Thirty”, set to write the script and Noah Centineo attached to star.