An eight-episode limited series about the FTX scandal of Joe and Anthony Russo’s production company AGBO has been staged on Amazon, Variety he learned exclusively.
David Weil will write the pilot and executive produce, while a person familiar with the project says the Russos are in talks to direct as well as executive produce. Other executive producers include Mike Larocca, Angela Russo-Otstot and Scott Nemes for AGBO as well as Natalie Laine Williams.
Amazon hopes to put the show into production in spring 2023.
“We are thrilled to be able to continue our great working relationship with David, Joe, Anthony and the AGBO team with this fascinating event series,” said Jennifer Salke, head of Amazon Studios. “I can think of no better partners to bring this multifaceted story to our global Prime Video audience.”
FTX was founded in 2019 and has grown into one of the largest and most well-known cryptocurrency exchanges in the world. But in recent weeks, the company has exploded, with more than $2 billion in client funds reportedly missing and investigations by federal agencies ongoing. There was also a lot of scrutiny over Sam Bankman-Fried, aka SBF, the former CEO and co-founder of FTX.
According to sources, the Amazon series will be based on “insider reporting” from a number of journalists who have covered FTX and Bankman-Fried, though exactly what source material the show will draw on is currently under wraps. Sources also note that there have been discussions with multiple Marvel actors the Russos have worked with in the past about joining the show in key roles, but all of these talks are preliminary at this time.
“This is one of the most brazen frauds ever committed,” the Russo brothers said. “It crosses many industries: celebrities, politics, academia, technology, crime, sex, drugs and the future of modern finance. At the center of it all sits an extremely mysterious figure with complex and potentially dangerous motivations. We want to understand why.”
The news of the series comes later Variety wrote about the details of FTX’s collapse attracting interest from Hollywood. It’s also the latest limited series about a modern entrepreneur and the rapid collapse of his companies. Recently, Amanda Seyfried won the Emmy for Outstanding Actress in a Limited Series for playing Theranos founder Elizabeth Holmes in Hulu’s “The Dropout,” while Jared Leto and Anne Hathaway starred in Apple’s “WeCrashed,” which it chronicled the rise and fall of WeWork under Adam and Rebecca Neumann. Showtime also has the anthology series “Super Pumped,” with Joseph Gordon-Levitt starring in the first season as former Uber CEO Travis Kalanick. A second season on Facebook is currently being prepared.
Following their success in two of the “Captain America” films and two of the “Avengers” films, the Russos signed a deal with Amazon in 2018 for the big-budget spy drama “Citadel.” The series features a cast that includes Richard Madden and Priyanka Chopra, with plans to create more local spin-offs in countries around the world. Production on the first season of ‘Citadel’ wrapped earlier this year after filming. No premiere date has been set at the time of this publication.
This marks the second time Weil has worked with the Russos and AGBO, after he was brought on to rewrite “Citadel.” This is also Weil’s third Amazon series to date, as he is the creator and showrunner of the conspiracy thriller series “Hunters,” which will conclude with its upcoming second season.
The Russos are represented by CAA and Greenberg Glusker Fields Claman & Machtinger LLP. Weil is represented by CAA and Lichter Grossman.