Propagate, the company behind Hulu’s Hillary, and the Wall Street Journal are the latest companies to explore the recent GameStop financial saga.
Ben Silverman and Howard T. Owens’ company works with Wall Street Journal studios on feature film This is not financial advice, directed by Hannah Olson, director of HBO’s Baby God.
This is the last ongoing project on the saga with feature films from XTR and directors Chris Temple and Zach Ingrasci and Console wars director Jonah Tulsi and Submarine as well as feature films from Netflix, Mark Boal and Noah Centineo, MGM and Ben Mezrich, RatPac and HBO, Jason Blum, Andrew Ross Sorkin and Len Amato.
The project will explore the recent stock market chaos that began with GameStop and revealed a major power shift on Wall Street. It will examine the origins and inner workings of digital and social investment communities that turned new investors into millionaires and drove a billion dollar hedge fund and financial services firm to seek capital.
HBO embarks on GameStop saga with scripted feature in development starring Jason Blum, Andrew Ross Sorkin and Len Amato
It will be told through the stories of those who lived it and will look at the emergence of a new subculture with roots of mistrust of traditional financial institutions and their regulators with exclusive access to key figures in communities. online investment.
This is not financial advice will use the WSJ reports. The film, which began production last week, is produced by Silverman, Owens and Jonathan Schaerf, Anthony Galloway and Daniel Rosen with WSJ financial writer Charles Forelle as consulting producer. Propagate will distribute.
“GameStop grew out of the hustle and bustle of an Internet bulletin board to become the biggest story in the world,” Forelle said. “It has it all: David’s cheering drama against Goliath, Goliath’s clash against Goliath, high stakes, real money, and the wonder of our basic financial understanding that’s turned upside down. The story is not over and surely there are more puzzling turns to come.
“Access to markets and investment, in the past, was largely reserved for the privileged few – it takes money, time, resources, social capital and know-how to invest. I am interested in the possibility – or the impossibility – of its democratization. Who has access to the market? Who is it for? We are only beginning to see what this moment means for the future of Wall Street, ”Olson added. “I’ve been following these forums on social media for weeks, and the regular traders I’ve integrated with are amazing. Their experiences reveal the legacy of unresolved anger from the 2008 crash, the vast economic disparities exposed by the pandemic and what happens when rising income inequality collides with a bull market.