After a fierce bidding war, Netflix has snagged the much-anticipated film adaptation ofHillbilly Elegy.

Ron Howard will direct while Vanessa Taylor co-writer ofThe Shape of Water will adapt the screenplay.

Imagine Entertainment secured the movie rights to the J.D.

ron-howard-hilbilly-elegy

Credit: Christopher Polk/Getty

Vances memoir in 2017.

Netflix is expected to fully finance the project, which could reportedly ring in at $45 million.

Deadline Hollywoodfirst reportedthe news.

Hillbilly Elegyis a best-seller about growing up poor in the Rust Belt.

He eventually became a venture capitalist and, of course, a successful author.