Netflix Nabs Ron Howard’s “Elegy” For $45M

In a massive deal, Netflix has won the rights to a film version of J.D. Vance’s lauded bestselling novel “Hillbilly Elegy” with Ron Howard (“Solo: A Star Wars Story”) attached to direct.

The book is described as a critically revered account of growing up in the Rust Belt and a personal analysis of the white underclass, race and privilege in America.

Supported by his larger-than-life grandmother, he developed a deep appreciation for education that laid the foundation for him to rise out of poverty and its cultural restraints.

Netflix will fully finance the film at a cost of $45 million, their offer almost doubled that of their nearest rival. Vanessa Taylor (“The Shape Of Water”) is adapting the script and CAA brokered the pact, which is not part of the deals going on in Sundance this week.

Howard will also produce with Brian Grazer and Karen Lunder and shooting aims to kick off later this year.

Source: Deadline