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After a week of chaos on Wall Street, Netflix is jumping to turn the real-life story of GameStop’s stock surge into a new project. Deadline reports that an untitled film about the Reddit-fueled short squeeze is in talks at the streamer, with screenwriter Mark Boal in negotiations to write the film, and actor Noah Centineo attached to star in a major role.
Boal previously won an Oscar for his work on 2010’s The Hurt Locker and was nominated again in 2013 for the film Zero Dark Thirty. Centineo, who shot to fame with his role in Netflix’s To All the Boys I’ve Loved Before in 2018, has starred in multiple films at the streamer since, and is set to costar with Dwayne Johnson in Black Adam next. Along with Boal and Centineo, activist and journalist Scott Galloway is also in talks to join the untitled GamStop film as a consultant on the script.
Boal’s untitled project plans to use the GameStop surge as “a specific way to shine a light on the phenomenon of how social media has leveled the playing field and allowed the masses to challenge status quo gatekeepers, for good and bad,” sources told Deadline.
While the GameStop situation isn’t even a week old — and is still unfolding— Netflix isn’t the only one hoping to turn the unlikely tale into a future project. The news of Boal’s Netflix film comes just after yesterday’s announcement that MGM had acquired the rights to a book proposal for “The Antisocial Network,” the latest book from author Ben Mezrich about the amateur investors who increased the value of GameStop stock. Mezrich’s 2009 book, “The Accidental Billionaires,” was later adapted into The Social Network.
GameStop stocks began to surge early last week thanks to a group of Reddit users from the Wall Street Bets page. When the amateur investors noticed that hedge funds had been shorting GameStop shares and counting on the stocks to continue to decline, the Redditors bought GameStop shares and stock options in an effort to increase the company’s value. The plan was more than successful and shocked Wall Street, leading to 1,700% increase in GameStop’s market value.
Netflix Noah Centineo