Apple buys rights to e book on SBF for $5m
Apple reportedly acquired the rights to a e book by writer Michael Lewis primarily based on FTX founder Sam Bankman-Fried’s bio.
Tech large and iPhone maker Apple scooped up the rights to an upcoming e book centered round Sam Bankman-Fried (SBF), the founding father of bankrupt crypto trade FTX, at present going through legal costs.
Apple paid $5 million for rights to the e book titled Going Infinite: The Rise and Fall of a New Tycoon written by best-selling writer Michael Lewis, in response to media outlet The Ankler.
Lewis is standard for written works like The Massive Quick and The Blind Facet, which boast Hollywood movie diversifications.
The report mentioned that Lewis witnessed the rise and downfall of SBF in actual time after embedding himself with the previous crypto billionaire for 12 months.
Along with Lewis’ e book, there are reportedly eight initiatives in Hollywood primarily based on SBF, together with a profile documentary by Nanette Burstein. Burstein beforehand directed a 2020 movie on former United States Secretary of State Hillary Clinton. Her manufacturing on Bankman-Fried will characteristic so-called “unique inside entry”.
Amazon additionally authorised a restricted sequence in regards to the FTX crash in November 2022. Nevertheless, these Hollywood merchandise will possible undergo delays because of the 2023 Writers Guild of America (WGA) strike.
Sam Bankman-Fried was as soon as a number one crypto determine, rubbing shoulders with Washington’s elites and dealing with the reins of a serious cryptocurrency trade.
SBF stepped down as FTX’s chief govt officer after an $8 billion implosion at his firm and was later charged with fraud and different crimes by US prosecutors. The bankrupt firm, underneath new CEO John Ray III, additionally sued SBF and former executives for $1 billion.
Whereas Bankman-Fried denied the allegations in opposition to him, 4 former executives from his crypto empire, together with ex-Alameda Analysis boss Caroline Ellison, have entered responsible pleas.
His trial on fraud, cash laundering, and different costs will start on Oct. 3, the identical day writer Lewis plans to launch the Going Infinite e book.
