Wednesday, November 29, 2023

Apple to produce series on the fall of WeWork

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Apple will return and produce a new TV + series based on the podcast WeCrashed: The Rise and Fall of WeWork, according to Deadline. Simply titled We crushed, the new limited series will star Anne Hathaway and Jared Leto. It will be produced by the company’s Apple Studios subsidiary, with Hathaway and Leto as executive producers on the project.

The six-part podcast series We crushed will adapt WeWork’s Unravel Chronicles, focusing on the failures of the alumni CEO Adam Neumann. Before its aborted IPO in fall 2019, the start-up was valued at $ 47 billion. But investors then looked at the company’s financial data and found a lousy picture. In 2018, WeWork burned more than $ 2 billion. Neumann ultimately resigned, but got a golden parachute worth $ 1.7 billion in stock and loans, while many of the company’s employees were laid off.


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