Apple Acquires Rights to Sam Bankman-Fried Book for $5M

Apple has recently acquired the rights to the book written by Sam Bankman-Fried, the renowned entrepreneur and founder of FTX, for a staggering $5 million. This move further emphasizes Apple’s focus on diversifying its content library and expanding into the book publishing industry. Bankman-Fried’s book is highly anticipated and is expected to provide valuable insights into the world of finance and entrepreneurship. With Apple’s renowned reputation for quality and innovation, this acquisition is set to elevate the book’s success and appeal to a wider audience. Stay tuned for the official release, as Apple continues to make strategic moves in the content space.

Apple Reportedly Acquires Rights to Book on FTX Founder Sam Bankman-Fried

Apple has made headlines with its recent acquisition of the rights to a book that delves into the story of Sam Bankman-Fried (SBF), the disgraced founder of FTX. According to initial reports from The Ankler, the book titled “Going Infinite: The Rise and Fall of a New Tycoon” will be written by renowned author Michael Lewis, known for his work on “The Big Short,” and the literary rights acquisition deal is rumored to be worth around $5 million.

SBF’s arrest in December 2022 following the collapse of FTX sent shockwaves throughout the crypto community. The Ankler broke the news of Apple’s interest in the book back in November 2022, during the height of FTX’s and SBF’s unraveling stories. The reported bidding war for the yet-to-be-written book shows the immense interest in SBF’s life and the downfall of FTX as it happened in real-time.

Lewis aims to answer the burning question in “Going Infinite”: Who was this enigmatic figure in rumpled cargo shorts and limp white socks, whose eyes darted across Zoom meetings while playing video games on the side? The book promises to provide readers with a psychological portrait of SBF and take them on a roller-coaster ride through his financial journey.

“Going Infinite” offers a captivating account of SBF’s meteoric rise and subsequent fall from grace. Lewis sheds light on the real-world implications of this generation’s “Enron” as it pertains to high-frequency and risky trading, cryptocurrencies, philanthropy, bankruptcy, and the U.S. justice system. The book is set to be released on October 3, which coincides with the start of SBF’s trial.

In addition to the book, there are speculations about at least eight Hollywood projects centered around SBF. One of these projects is reportedly a profile documentary directed by Nanette Burstein, known for her previous work on films featuring prominent figures such as John McAfee and Hillary Clinton. However, these reports have yet to be confirmed.

However, some have questioned the timing of the book’s release. With SBF’s trial not commencing until October 3, it might be premature to publish a book detailing his rise and fall without addressing the trial and its outcome. Nevertheless, SBF’s story has captured the attention of the world, and it is expected to resonate long after his trial concludes.

At present, the ongoing writers’ strikes from SAG-AFTRA and WGA may also pose challenges for the production of Hollywood-adapted documentaries that focus on the trials and tribulations emerging from the crypto and Web3 space. Conversations surrounding fair pay and the role of artificial intelligence need to be addressed to ensure a smoother production process.

In another development, a federal judge recently granted SBF’s lawyers unlimited prison visits for preparation ahead of his trial. This order allows SBF’s legal team to take full advantage of the legal visitation hours at the Metropolitan Detention Center (MDC) in New York. Previously granted bail, SBF had violated the terms of his release by attempting to intimidate witnesses and tamper with the legal process, leading to his return to jail.

As the release of “Going Infinite” coincides with the start of SBF’s trial, it is expected to shed further light on the underlying events and provide readers with a deeper understanding of this intriguing saga. Stay tuned for more updates as Apple prepares to unveil this highly anticipated literary work.

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