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GameStop phenomenon, from the stock exchange to Hollywood: it will be a film produced by Netflix and Mgm

GameStop phenomenon, from the stock exchange to Hollywood: it will be a film produced by Netflix and Mgm

In record time, the poduction houses are planning to bring history to the screens. The plot is already written by the latest events: a group of financial experts gathered on a digital platform convinces thousands of followers to invest in the shares of a semi-unknown company, which is on its way to a certain decline, upsetting the balance of Wall Street

The speed with which the GameStop phenomenon has upset the certainties of Wall Street does not end with the financial sphere: in record time Netflix and Metro-Goldwyn Mayer are planning to bring the story to the screens. The plot is already written by the latest events: a group of financial experts gathered on a digital platform convinces thousands of followers to invest in the shares of a semi-unknown company, which is on its way to a certain decline, upsetting the balance of Wall Street, and it ruins funds and large investors who had bet on the end of the small Texan video game chain, GameStop.

In reality, the company went from a price of 40 to 500 dollars per share, within a month, raising up to ten billion dollars, thanks to appeals on digital platforms like Reddit or apps like Robinhood. After the war against the Washington elite, the war against the Wall Street elite was launched: small shareholders became millionaires in the space of three days, while large investors who had sold their shares at a low price, had billions of dollars dissolved. dollars.

Fierce and very current story, which Hollywood production companies have decided to monetize, following the rhythm of the ‘hit and run’ phenomenon. Netflix reached out to screenwriter and journalist Mark Boal, who wrote the 2013 Osama bin Laden movie «Zero Dark Thirty». MGM bought the rights to American author Ben Mezrich’s upcoming book entitled «The antisocial network «.

It is not the first time that Hollywood throws itself on a news story: the recent collapse of Silicon Valley companies like WeWork and Theranos has inspired many production companies to make films or documentaries, but the case of GameStop seems to have a different chance and more concrete to renew the film saga of «Wall Street movies», thanks to its ingredients: money, competition and war against the elite. Items that have recently become very popular among Americans.

Source: https://www.repubblica.it/economia/2021/02/02/news/gamestop_da_borsa_a_hollywood_sara_film_netflix_e_mgm-285507850/