Wu-Tang Clan issued its seventh album Once Upon a Time in Shaolin as a very limited edition. It was supposedly recorded in secret over the course of six years, with a single, two-CD copy pressed in 2014 and stored in a secure vault in a Moroccan hotel. It was auctioned for $2 million in 2015 to Shkreli, under the agreement that it can’t be released commercially for 88 years, until 2103. RZA said that the sale was agreed upon “well before Martin Shkreli’s business practices came to light,” and that a “significant portion of the proceeds” were given to charity.
When he got in trouble with the law, Shkreli tried to sell the album on eBay himself, and although RZA tried to buy it back, the terms of the original sale wouldn’t allow him too. Shkreli was later ordered to forfeit Shaolin, along with other assets, as part of his criminal sentence after being found guilty of securities fraud in 2017.
Sounds like stuff for movies? That is exactly what Netflix thought. According to the Brooklyn Vegan blog, news about the project was revealed in a press release for How to Make it in America writer Ian Edelman’s new film, American Sole. According to the release, Edelman wrote the Shaolin script too, and Paul Downs Colaizzo, who directed Brittany Runs a Marathon, is set to direct. Collider reports RZA is expected to produce the project, along with Brad Pitt’s Plan B production company.