Deadline is reporting that Hulu is closing in on a deal to acquire the Kate McKinnon-produced series The Dropout, based on ABC News/ABC Radio’s podcast the chronicled the rise and fall of Elizabeth Holmes. McKinnon will portray the fallen entrepreneur in the limited 6-10 episode series.
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Per the report (via the podcast’ description), The Dropout will explore Elizabeth Holmes and her company Theranos in an “unbelievable tale of ambition and fame gone terribly wrong.” The woman who was once called the next Steve Jobs built an empire and then watched it crumble right before her eyes after being exposed as a “massive fraud.” Holmes and her former chief operating officer were ultimately indicted “on nine counts of wire fraud and two counts of conspiracy to commit wire fraud for distributing blood tests with falsified results to consumers.”
The Dropout podcast host and creator Rebecca Jarvis will executive produce alongside McKinnon, while Taylor Dunn and Victoria Thompson will produce the series.
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McKinnon currently enjoys a high-profile stint on Saturday Night Live, where she has earned five consecutive Emmy nominations. She will next be seen in Danny Boyle’s Yesterday alongside Lily James and Ana de Armas.