Hulu has put in development a TV adaptation of Less Than Zero, based on Bret Easton Ellis’ novel of the same name, from Ellis, Greenleaf creator Craig Wright and Fox 21 Television Studios.

Adapted by Wright, Less Than Zero follows a college freshman returning home for Christmas to spend time with his ex-girlfriend and his friend who struggles with addiction. Less Than Zero presents a look at the culture of wealthy, decadent youth in Los Angeles. Wright executive produces with Ellis.

Less Than Zero was previously adapted as a feature film starring Robert Downey Jr., James Spader, Jami Gertz and Andrew McCarthy. Ellis co-wrote with Harley Peyton the screenplay for the 1987 movie, produced by Fox 21 sibling 20th Century Fox. You can watch a trailer below.

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Wright created and executive produces Greenleaf, which is in its third season on OWN. He previously developed for television, with Howard Gordon, Tyrant, based on the Gideon Raff novel, for FX and served as a writer and supervising producer on Lost and writer and producer on Six Feet Under.

Less Than Zero was Ellis’ debut novel, published in 1985 by Simon and Schuster. It is one of four Ellis novels made into films. The others are Mary Harron’s adaptation of American Psycho in 2000, which went on to achieve cult status, Roger Avary’s 2002 The Rules of Attraction, and 2008’s The Informers, based on Ellis’s collection of short stories.