Tech company Amazon recently announced its plan to launch an eight-episode limited series centered on the debacle of cryptocurrency derivative exchange FTX, as reported by Variety.
Amazon Partners with Russo Brothers for TV Show on FTX
To accomplish this, Amazon will partner with Anthony and Joe Russo, or the Russo brothers as they are commonly called. The Russo brothers are known for their role in the creation of movies for Marvel, such as the Avengers: Endgame. Through their television company, AGBO, the Russo brothers will now aid the production of the documentary behind FTX’s sudden collapse.
American writer and producer David Weil will be writing the pilot episode for the TV show. He is popular for his role in the making of Hunters for Amazon’s subsidiary, Prime Video.
Jennifer Salke, the head of Amazon Studios, commented on the development, where she said:
“We are excited to be able to continue our great working relationship with David, Joe, Anthony, and the AGBO team with this fascinating event series I can’t think of better partners to bring this multifaceted story to our global Prime Video audience.”
The report added that Amazon would commence production between March and June 2023.
Not the First
This is not the first documentary film that is underway relating to the FTX fiasco. Last week, the Bahamas-based production firm XTR commenced preparing for the creation of a film around the FTX drama.
The XTR team will conduct adequate research surrounding the events that led to the ultimate failure of the once-giant crypto empire. This will help to maintain an accurate report throughout the film. The production company will collaborate with renowned individuals in the movie-making industry. Some include Bryn Mooser, Kathryn Everett, Justin Lacob, and David Darg.
FTX Sudden Collapse
At the start of the month, the big hole in the balance sheet of FTX’s sister company, Alameda Research, came to light. Upon noticing this deficiency, Changpeng Zhao (CZ), the CEO of the leading crypto exchange Binance, moved to liquidate all funds tied to FTX.
Around the same time, FTX requested Binance to rescue it from its financially crippling situation. After an initial attempt to acquire FTX, Binance backed out of the acquisition plan. In the same period, a massive market selloff ensued.
FTX’s collapse has raised the eyebrows of regulators in several countries. Crypto-based companies have been affected financially by the company’s implosion.
