A Netflix movie about Martin Shkreli’s controversial million-dollar purchase of Wu-Tang Clan’s rare Once Upon a Time in Shaolin album is reportedly in the works.
According to Collider, the film will chronicle the events that took place after Shkreli, a former hedge fund manager and convicted felon, acquired the sole copy of the Wu-Tang record in a 2014 auction.
The album, which Wu-Tang had recorded in secret over six years, was sold with an 88-year copyright deal. This contract meant that Once Upon a Time could only be commercially released in 2103. At the time, Shkreli (also infamously dubbed “the most hated man in America”) was also beginning to make headlines for buying and then drastically upping the price of the drug Daraprim, which is used to treat a life-threatening infection in HIV/AIDS patients.
Titled after the Wu-Tang album, the film will look at the legal battle between Shkreli and Wu-Tang in the years that followed. Once Upon a Time in Shaolin will be helmed by Paul Downs Colaizzo, who recently made his directorial debut with 2019’s Brittany Runs a Marathon. Meanwhile, Wu-Tang’s de facto leader RZA will serve as executive producer.
Just earlier this week, RZA sold a 50 percent stake in his catalog to Hipgnosis Songs. The music company will now have worldwide copyright to over 800 songs that RZA has either produced or written, which includes the entire Wu-Tang discography, as well as songs by Kanye West and the Notorious BIG.
Shkreli, on the other hand, was sentenced to seven years in prison for “defrauding investors out of more than $10 million” in 2018, according to CNN.