Netflix has preemptively acquired Academy Award winner Stephen Gaghan's (Traffic, Syriana) pitch for Valley of Ashes, "a contemporized loose adaptation... set in San Francisco" of F. Scott Fitzgerald's classic novel The Great Gatsby, Deadline reported.
While specifics regarding the project are under wraps, "sources indicated that the film revolves around Silicon Valley, specifically," Deadline noted. Gaghan will direct from his own script and produce through his Super Emotional banner, alongside his Syriana producer Jennifer Fox.