Netflix Acquires Stephen Gaghan’s Contemporary “Gatsby” Adaptation

Netflix has secured the rights to a contemporary adaptation of F. Scott Fitzgerald’s classic novel, “The Great Gatsby.” The film, titled “Valley of Ashes,” will be directed by Academy Award winner Stephen Gaghan, who is also responsible for the screenplay. This acquisition occurred before the project was presented to other studios, highlighting Netflix’s eagerness to expand its film portfolio.

In contrast to the original narrative set in 1920s New York and Long Island, “Valley of Ashes” relocates the story to 2020s San Francisco and Silicon Valley. Gaghan, known for his work on films like “Syriana” and “Dolittle,” intends to offer a fresh perspective on the themes of wealth and ambition that permeate Fitzgerald’s work. He will produce the film alongside Jennifer Fox, recognized for her contributions to “Michael Clayton” and “Nightcrawler.”

The original story follows Nick Carraway, a bond salesman captivated by his mysterious neighbor, Jay Gatsby. Gatsby, a self-made millionaire, throws opulent parties in an attempt to reconnect with Nick’s cousin, Daisy, whom he loved in the past. This tale of aspiration and disillusionment has been adapted numerous times for the screen, including notable versions featuring Robert Redford in 1974 and Leonardo DiCaprio in 2013.

The acquisition of “Valley of Ashes” reflects Netflix’s strategy to invest in high-profile projects with established filmmakers. Gaghan has previously penned works such as the upcoming “The Billion Dollar Spy” and the James Patterson adaptation “Billion-Dollar Ransom,” indicating his active presence in the film industry.

As Netflix continues to explore unique interpretations of beloved classics, “Valley of Ashes” promises to engage audiences with its modern take on timeless themes. The combination of Gaghan’s vision and the rich source material creates anticipation for what this adaptation will bring to the screen.