Blumhouse & Universal Plan A WeWork Film

Blumhouse Universal Plan A Wework Film

Oscar-winning “The Big Short” scribe Charles Randolph has come onboard to pen a film about the rise and fall of shared-workplace startup venture WeWork for Blumhouse and Universal Pictures.

WeWork is an American commercial real estate company that designs and builds physical and virtual shared spaces and office services for entrepreneurs and technology startups.

The company tried to go public this Summer but when it had to disclose its paper in August ahead of the IPO, they faced intense scrutiny of its finances and leadership from investors and the media.

In one month, the co-working company cut its valuation down from $US47 billion as low as $US10 billion. The IPO was delayed and Neumann stepped down from his role as CEO within a few weeks. The company accepted a bailout from SoftBank in October.

The film will deal with the intertwined lives and ambitions of WeWork creator Adam Neumann and SoftBank CEO Masayoshi Son. Randolph also penned the script for Jay Roach’s upcoming “Bombshell” along with “Love & Other Drugs” and “The Interpreter”.

Source: Variety