Crm stock will close at $8.60, down $6.88 from Tuesday’s close.
Crm will receive $250,000 in cash for “Punishment,” a feature film by “Punch Drunk Love” director Michael B. Jordan, The Hollywood Reporter has learned.
The stock closed at $5.88, down 4.4% from its Wednesday close of $8,928.97.
CrM is also expected to receive a $150,000 advance from Warner Bros. on “Puns.”
Crm stock was launched in January and gained traction after a successful teaser video and social media campaign that featured an armed, masked man beating a man with a crowbar.
Crm has grown to more than 8 million subscribers and is valued at $1.4 billion, the Wall Street Journal reported.
The movie follows a group of New York City cops as they hunt down a serial killer who’s killed dozens of women.
Jordan has not been attached to the project, but the film will be a sequel to “Punt.”
The deal will likely open the way for Crm to expand its product line and further diversify into scripted content, the Journal reported, citing people familiar with the matter.
Jordan’s film will feature a cast of celebrities, including James Franco, John Lithgow, John C. Reilly, Chris Pine, Jason Sudeikis and more.