UTA Independent Film Group will represent the U.S. Sales for the feature will be launched at the upcoming Toronto Film Festival this September. Filming for the project, which focuses on the Reddit users behind the short squeeze, is set to begin this September.īlack Bear Pictures will fully finance the film, with Black Bear International handling the foreign distributions rights. 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. “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. 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. ![]() 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.īased 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.
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