Apple Allegedly Acquired Film Rights to SBF Book for $5M

Apple Allegedly Acquired Film Rights to SBF Book for $5M

Apple Acquires Film Rights to Michael Lewis’s Book on Sam Bankman-Fried

According to reports, Apple has secured a $5 Million deal for the film rights to Michael Lewis’s book, Going Infinite: The Rise and Fall of a New Tycoon, which concentrates 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 Lewis’s book a highly sought-after project.

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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 intends to invest $1 Billion in producing films for the silver screen.

Bankman-Fried’s Continued Participation with Lewis

Regardless of his arrest, Bankman-Fried continued to speak with Lewis for the book. This unprecedented access to the FTX founder’s world as his empire crumbled is expected to make Going Infinite a bestseller. Lewis stated his conversations with Bankman-Fried as “rich and interesting,” indicating the compelling nature of the material. Bankman-Fried is as of now in detention, with his trial set to start next 30 days, although there is a likelihood of it being postponed until next year.

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Hot Take

Apple’s acquisition of the film rights to Michael Lewis’s book on Sam Bankman-Fried demonstrates the tech giant’s growing interest in the entertainment industry. This move further solidifies Apple’s position as a major player in the streaming and film production market. It likewise outlines the enduring appeal of Lewis’s work, which consistently translates into successful Hollywood adaptations. Going Infinite has the  capacity to captivate audiences with its insider perspective on the rise and fall of a prominent figure in the digital currency world.

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