Netflix reportedly planning to produce a film on GameStop stock surge

According to a report published by Deadline, the digital streaming giant Netflix is planning to make a GameStop stock movie. It is reported that the company is in talks with Mark Boal, the Oscar winning screenwriter of The Hurt Locker and Zero Dark Thirty.

Noah Centineo will be attached to play a major role in the movie and Scott Galloway is in talks to consult on the script. Brad Weston, founder and CEO of Makeready, will produce the mobile with Nick Styne from Definition Entertainment, with Mark Sourian aboard as executive producer.

Deadline reported that there are other competing projects based on the GameStop stock surge story in development, possibly forcing Netflix to launch its movie as soon as possible. 

Netflix declined to comment on the subject but according to Deadline “sources said the intention is to use the GameStop episode 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.”

What happened with GameStop stocks?

In this unprecedented event, which is also seen as the rebellion of small investors, a group of investors organized on Reddit manipulated the stocks of GameStop. This incredible increase in stocks caused many small investors to become millionaires while giant mutual funds lost billions of dollars. 

Also read: Robinhood and Reddit top the App Store following GameStop mania

Shares of GameStop, which were traded at around $ 20 earlier this month, had reached the level of $ 500 with small investors flocking to the stock. GameStop shares, which started to decline with sales from the top, are currently trading at $ 233 on American stock markets. 

Although GameStop shares are far from the highest level they reached recently, the incident managed to mark 2021. In this movie to be made by Netflix, the idea of ​​small internet merchants to beat the billionaires in the game they set their own rules can be discussed. 

Written by Sophie Blake


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