The troubled shared-workplace startup pulled the plug on an initial public offering in September after investors raised questions against its mounting losses.
Blumhouse will produce and is adapting the film based on the reporting and an upcoming book by journalist Katrina Brooker. Randolph won the best adapted screenplay Oscar for 2015's "The Big Short" and wrote the upcoming Fox News drama "Bombshell", which hits theaters this month. The film will chart the intertwined lives and ambitions of Masayoshi Son, the CEO of Softbank, and Neumann, who from 2010 to 2019 was the CEO of the commercial real estate company WeWork that has been the subject of scrutiny following a failed IPO. She conducted in-depth interviews with Neumann and dozens of sources within SoftBank and WeWork, and wrote landmark feature stories on the crisis around SoftBank's $100b Vision Fund and the fallout of WeWork's IPO.
Earlier this year, Blumhouse Television produced The Loudest Voice, the limited series for Showtime, about Ailes that starred Russell Crowe, Sienna Miller, Naomi Watts, Seth MacFarlane and Annabelle Wallis. In May, it was announced that Jason Blum's production company was adapting The Stolen Kids of Sarah Lawrence, the much buzzed-about NY magazine cover story by Ezra Marcus and James D. Walsh into a film and television project.