On the one-week anniversary of his death, Lou Pearlman’s life story is getting the TV treatment.
Magnet Management and Condé Nast have acquired the rights to a recent article published this week about the former boy band producer, who launched *NSYNC and Backstreet Boys, and infamously ran a $300 million Ponzi scheme.
He died one week ago on Friday, Aug. 19 in prison where he was serving a 25-year sentence.
Based on The New Yorker article titled, “We Live in the Pop-Culture World That Lou Pearlman Created,” the project will tell the story of Pearlman’s life with details of his rise from blimp business owner to the music mogul and then his fall to fraud.
The TV project is being developed as a limited series. Insiders tell Variety that three or four accomplished writers and directors have expressed interest in the project. The number of episodes for the limited run will be determined once a writer is on board, and the plan is to move quickly with shopping the project around to all networks, though the intent is to land at a cabler or streaming service.
The quick acquisition keeps the project — which was first reported by Tracking Board — in the Condé Nast family, as the company publishes The New Yorker, which put out the article. Jonathan Koa pursued the rights, along with Magnet Management’s Jon Kanak and Mitch Solomon, who will all be producing.