A24 Secures Blockbuster Chess Scandal Feature “Checkmate” in Bold Industry Move

A24’s Aggressive Bid Surprises Industry, Marking a New Era for the Studio

A24, fueled by its new directive to pursue projects assertively, has just made a power move, outmaneuvering both Hollywood studios and streaming giants to acquire “Checkmate,” a high-profile feature package centered on a book proposal by renowned author Ben Mezrich, known for his works like “The Social Network” and “Dumb Money.”

If finalized, “Checkmate” will reunite Emma Stone with Nathan Fielder, stars of the Showtime series “The Curse,” in a project that promises to captivate audiences. Fielder is set to direct, while Stone will produce alongside her husband and partner Dave McCary under their Fruit Tree banner. This collaboration also marks a reunion with A24, the studio behind “The Curse.”

“Checkmate,” in typical Mezrich fashion, delves into an esoteric yet evolving real-life narrative. The proposed book explores the gripping saga of the biggest scandal in chess history, focusing on the clash between Grandmaster Magnus Carlsen and the controversial figure of Hans Niemann. Niemann’s alleged cheating in a pivotal match ignites a scandal that reverberates far beyond the chessboard, unfolding against the backdrop of a burgeoning billion-dollar chess industry and the clash between tradition and innovation in the game.

The sale of “Checkmate” follows a strategic approach reminiscent of classic Hollywood deal-making. The 12-page book proposal, packed with talent and producers, was circulated among various studios and streamers, evoking a nostalgic aura of spec sales from bygone eras.

While streamers and studios were in the midst of negotiations, A24 swooped in with a bold offer, reportedly guaranteeing seven figures and setting a 30-minute deadline for acceptance. The swift and decisive move stunned insiders, signaling A24’s emergence as a formidable competitor in the industry.

“I’ve never seen A24 act so assertively,” remarked one insider, reflecting the surprise within industry circles. Another source acknowledged A24’s newfound competitiveness, signaling a shift in the studio’s approach.

A24, renowned for its edgy and acclaimed films on modest budgets, has recently announced plans for expansion. With “Civil War,” Alex Garland’s thriller with a $55 million budget, serving as a testament to their evolving ambitions, A24 aims to elevate its profile in the industry. Despite challenges, such as losing out on projects like Danny Boyle’s “28 Years Later,” A24 remains determined to assert its influence on the cinematic landscape. “Checkmate” stands as a bold declaration of intent from the studio, marking a new chapter in its journey towards prominence.