Latin Grammys 2018

Lou Pearlman Biopic in Development, John Stamos Executive Producing

Mark Weiss/WireImage)
Lou Pearlman photographed with O-Town in New York City circa 2001.

The film will be adapted from Tyler Gray’s book 'The Hit Charade: Lou Pearlman, Boy Bands, and the Biggest Ponzi Scheme in U.S. History.'

Lou Pearlman's life story is on its way to becoming a major motion picture. 

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John Stamos, Desmond Child and Andreas Carlsson have acquired the rights to Tyler Gray’s 2008 book The Hit Charade: Lou Pearlman, Boy Bands, and the Biggest Ponzi Scheme in U.S. History, Deadline reports. The film is currently in the early development stage. 

Pearlman's story is definitely an interesting one. A former blimp business owner, he rose to success in the entertainment industry as one of music's biggest moguls, developing the careers of Backstreet Boys, *NSYNC and other boy bands. But disgrace and downfall followed and after being sued by nearly ever artist he represented, as well as a globe-trotting flight from officials, in 2008 Pearlman was sentenced to 25 years in prison on charges of conspiracy, money laundering and making false statements during a bankruptcy proceeding. 

Remembering Lou Pearlman: The Ponzi Schemer Who Spawned the Backstreet Boys, *NSYNC & More

Pearlman died from cardiac arrest at the age of 62 last month while still in custody at the Federal Correctional Institution in Miami. 

Interestingly, this is not the only Pearlman project in development. As Deadline points out, Pearlman is also the subject of a limited TV series to be called Billion Dollar Sound