GameStop Showbiz and Celebrity Breaking News

EXCLUSIVE: Sony Pictures has beaten out other suitors to take one of the hottest movie packages off the table, striking a domestic deal and more for Craig Gillespie’s Dumb Money from Black Bear Pictures.

Seth Rogen has an unusual smoking buddy in mind.

An A-list cast has been assembled for “Dumb Money”, the upcoming movie chronicling how a bunch of Reddit users shorted GameStop stock and sent it soaring, sending shockwaves through the stock market while taking down one of Wall Street’s biggest hedge funds.

Wilson Chapman editor Paul Dano, Seth Rogen, Sebastian Stan and Pete Davidson will lead the cast of “Dumb Money,” an upcoming film about last year’s GameStop stock market explosion. Based on the nonfiction book “The Antisocial Network” by Ben Mezrich, “Dumb Money” is directed by Craig Gillespie, from a script penned by Rebecca Angelo and Lauren Schuker Blum. Gillespie previously collaborated with Stan on his 2017 film “I, Tonya” and directed him and Rogen in several episodes of this year’s Hulu limited series “Pam & Tommy.” Gillespie produces with Teddy Schwarzman and Ryder Picture Company. “Dumb Money” focuses on the January 2021 “short squeeze” movement around GameStop, where users of the Reddit page “Wall Street Bets” banded together to artificially increase the stock values of video game retail chain GameStop, which suffered from lagging stock prices for years. The situation resulted in major hedge funds as well as independent short sellers taking significant financial losses, and it caused calls for more regulation of the stock market. Filming for the project, which focuses on the Reddit users behind the short squeeze, is set to begin this September.

“Chippendales” film, will pen the screenplay.Based on Ben Mezrich’s book “The Antisocial Network,” “Dumb Money” tells the tale of riches won and lost overnight in the David vs. Goliath GameStop short squeeze that took Wall Street by storm in January 2021.

EXCLUSIVE: After signing on to the highly-anticipated project earlier this year, Craig Gillespie has now lined up an all-star cast that features some faces that all too familiar to the director. Sources tell Deadline, Paul Dano, Seth Rogen, Sebastian Stan and Pete Davidson are set to star in Black Bear Pictures Dumb Money, an adaptation of the Ben Mezrich’s The Antisocial Network with Gillespie directing. Rebecca Angelo & Lauren Schuker Blum are adapting with Ryder Picture Company’s Aaron Ryder, Black Bear’s Teddy Schwarzman and Gillespie producing.

The filmmakers behind Diamond Hands: The Legend of WallStreetBets, call the story behind the Reddit users’ revolt over the retailer GameStop a “perfect storm.”

Wall Street Bets, the Reddit hub of memes and financial advice responsible for fueling the GME surge was so initially anti-GameStop that early investors like Farris Husseini — an Alabama data visualizer — were banned from posting about the company because it annoyed so many users. “GameStop was hated among gamers, like hated,” Jeff Tarzia, a former video game tester and one of the stock’s few early supporters, says in the documentary.

GameStop has confirmed that its current CEO George Sherman will be stepping down from his duties at the end of July.GameStop announced the news via a blog post on Monday, April 19.

GameStop is reportedly looking to hire a new CEO.The news was first announced via a Reuters report on Tuesday, April 13. Per the report, GameStop is looking for a replacement to take over current CEO George Sherman as the company transitions from a brick-and-mortar business into a e-commerce firm.The information was shared via three anonymous sources close to the matter.

GameStop has announced its nominees for a change in board of directors beginning in June.The company announced the news via a new press release on April 8. The changes are expected to be implemented on from June 9 onwards, following the company’s annual meeting of stockholders.Per its announcement, GameStop intends to elect Ryan Cohen as the new Chairman of the board.

subject of an international stock market frenzy earlier this year.The company’s earnings report took place on Tuesday, March 23, and presented GameStop’s financial performance for the fiscal year 2020. Overall, despite the company’s stock skyrocketing earlier this year, net sales for the fourth quarter did not exceed that of 2019.

GameStop has announced that its CCO Frank Hamlin is resigning from the company, effective from March 31.The news was announced via a Securities and Exchange Commission (SEC) filing on Tuesday, March 23.

than it was on Thursday, when he bought the heavily shorted GameStop.

If you’ve been paying attention to social media (or your own stock portfolio) over the past week or so, you probably have heard about the drama surrounding the GameStop stock explosion that has seen the general public attempt to screw over hedge fund managers with shocking, often hilarious results.

$5.5 billion stock surge controversy.“The Daily Show” host digitally inserted himself into Robbie’s bubble-bath scene from 2015’s financial crash drama “The Big Short” as a way to explain the convoluted situation to the confused masses.The now-viral clip was created Wednesday after a rowdy Reddit message board infamously sparked rookie investors to surge stocks in the video-game retailer — after the wolves of Wall Street bet on its stock prices falling.