Sony & SK Global acquire Kevin Kwan’s Sex and Vanity
Following a heated bidding war, the film rights to Crazy Rich Asians trilogy author Kevin Kwan’s latest novel, New York Times bestseller Sex and Vanity, have been acquired by Sony Pictures and SK Global, according to Variety.
The novel, Kwan’s first since his Crazy Rich trilogy concluded in 2017, was published by Doubleday on June 30 and became a smash hit upon release, instantly shooting to the NY Times Bestseller list and garnering rave reviews from critics and fans. The official synopsis reads as follows:
“I am overjoyed to be embarking on this cinematic adventure with Sony Pictures and SK Global,” Kwan said in a statement. “Sony Pictures has produced so many of my favorite films over the years, and I am thrilled by Sanford Panitch’s vision for this project. I’m also very excited to be working again with my great friend John Penotti, who responded immediately and passionately to the world I created in Sex and Vanity.”
The film adaptation is set to be produced by Kwan and SK Global’s John Penotti, with SK executive Xian Li overseeing the project for the banner while Jiao Chen is the Sony Pictures exec who will oversee the title for the studio.
“Seven years ago Kevin entrusted us (and our producing partners) with his ground-breaking Crazy Rich Asians bestseller, and ever since working with him has been a creative dream,” Penotti said. “With Sex and Vanity he’s once again created a work of magic, crafting a riveting story about love and identity. We instantly fell in love with its heart and humor and are thrilled to partner with him again, as well as with our collaborators at Sony Pictures. Sanford and the team love the book as much as we do, and we are all committed to bringing this story to a global audience.”
SK Global previously worked with Kwan to bring Crazy Rich Asians to life on the big screen in 2018 at Warner Bros., which became a global smash, grossing nearly $240 million on a $30 million budget and receiving rave reviews from critics and audiences alike, garnering two Golden Globe nominations. The studio is currently developing adaptations of the latter installments in the novel trilogy.
(Photo by Patrick McMullan/Patrick McMullan via Getty Images)