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Lionsgate to Turn Twitter Book into TV Series

AFP/Getty Images (SANTA MONICA, Calif.) -- Producers are gearing up to turn Twitter's founding story into a television series.

Lionsgate Television obtained the rights to Nick Bilton's New York Times best-selling book, Hatching Twitter: A True Story of Money, Power, Friendship and Betrayal, the studio announced Wednesday.

Allison Shearmur, producer for The Hunger Games: Catching Fire,  is set as executive produer for the show.

Hatching Twitter follows four friends as they create the social media network in Silicon Valley.

"Twitter has transformed almost every aspect of our lives from politics to business to friendship, and  can't think of a more compelling story to adapt for television right now," said Kevin Beggs, chairman for Lionsgate Televsion Group. "Nick's book has all the elements of a great drama with its complex characters, high-stakes power struggles and betrayed friendships, and we're extremely fortunate to have Alli Shearmur onboard as executive producer."

Bilton, who is a columnist and reporter for the New York Times, will write the screenplay and serve as producer.

Copyright 2013 ABC News Radio

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