The next Fyre? ABC's 20/20 sets Elizabeth Holmes special as HBO doc hits SXSW
There are now two documentaries about a shady entrepreneur who’s not what they appeared to be. Sound familiar?
It’s not like the rivalry between Netflix’s Fyre and Hulu’s Fyre Fraud, but, as HBO’s The Inventor: Out for Blood at Silicon Valley made its way to the SXSW Film Festival this week, ABC News and 20/20 set their own special chronicling Elizabeth Holmes.
The Dropout, a two-hour special coming after ABC News and Nightline‘s The Dropout podcast, will air on Friday, March 15 at 9 p.m. ET with new interviews and footage of Holmes’ deposition.
Alex Gibney, the Oscar-winning documentarian behind Taxi to the Dark Side, as well as the Going Clear Scientology documentary, will then get a release for The Inventor on Monday, March 18 on HBO.
The story of Holmes, once considered “the next Steve Jobs,” has some parallels with Billy McFarland, the notorious co-founder of the disastrous Fyre Festival.
The 35-year-old dropped out of Stanford University at the age of 20 to start Theranos, a medical company with the goal of revolutionizing the field. The claim? Their technology could run multiple tests simultaneously to scan for a platitude of potential STDs and conditions from a single drop of blood. The reality? It didn’t work.
Holmes denies all wrongdoing in the matter, but these false claims raised the company’s value to $9 billion.
Following an investigation by the Wall Street Journal, Holmes settled multiple “massive fraud charges” with the Securities and Exchange Commission that came with a $500,000 fine, stripped her of majority control of Theranos, and required her to return millions of shares to the company, according to Reuters.
The drama around Holmes also caught the eye of Hollywood. Filmmaker and screenwriter Adam McKay, behind Vice and The Big Short, is developing a feature-length film called Bad Blood with Jennifer Lawrence in the starring role. We can already see Taylor Swift all over that future trailer.