Apple Acquires Film Rights to Michael Lewisโs Book on Sam Bankman-Fried
According to reports, Apple has secured a $5 Million deal for the film rights to Michael Lewisโs book, Going Infinite: The Rise and Fall of a New Tycoon, which concentratesย on the story of Sam Bankman-Fried, the disgraced founder of FTX. Lewis had been following and interviewing Bankman-Fried for months before his cryptocurrency exchange collapsed and he was arrested. This exclusive access made Lewisโs book a highly sought-after project.
Appleโs Financial Muscle Beats Competitors
Apple resurfaced victorious in the scramble for the film rights, outbidding other studios and streaming services. It is uncertain whether the film adaptation of Going Infinite will be released in cinemas or on Apple TV+. The tech giant has primarily focused on producing content for its streaming service, but it recently announced intendsย to invest $1 Billion in producing films for the silver screen.
Bankman-Friedโs Continued Participation with Lewis
Regardlessย of his arrest, Bankman-Fried continued to speak with Lewis for the book. This unprecedented access to the FTX founderโs world as his empire crumbled is expected to make Going Infinite a bestseller. Lewis stated his conversations with Bankman-Fried as โrich and interesting,โ indicating the compelling nature of the material. Bankman-Fried is asย ofย now in detention, with his trial set toย start next 30ย days, although thereย is a likelihoodย of it being postponed until next year.
Hot Take
Appleโs acquisition of the film rights to Michael Lewisโs book on Sam Bankman-Fried demonstrates the tech giantโs growing interest in the entertainment industry. This move further solidifies Appleโs position as a major player in the streaming and film production market. It likewise outlines the enduring appeal of Lewisโs work, which consistently translates into successful Hollywood adaptations. Going Infinite has theย capacity to captivate audiences with its insider perspective on the rise and fall of a prominent figure in the digitalย currency world.
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