SNL's Kate McKinnon To Star As Theranos's Elizabeth Holmes In New Series

Searchlight Television has struck a deal with streaming giant Hulu for a limited, 6-10 episode series starring Saturday Night Live star Kate McKinnon. According to Deadline, the project is titled The Dropout, a limited series centered around the tumultuous career of Theranos CEO Elizabeth Holmes. The Dropout will use the podcast of the same name, launched in late January, as the basis for its context.

Theranos, founded in 2003, was a Palo Alto-based technology company specializing in blood tests before going under in September 2018 for wire fraud and conspiracy. Specifically, Theranos was accused of distributing blood tests with counterfeit results to consumers. Holmes--and the company's former COO and President, Ramesh "Sunny" Balwani--pled not guilty to nine counts of wire fraud and two counts of conspiracy to commit wire fraud, and could face up to 20 years in prison.

McKinnon is set to play the disgraced Holmes and will serve as The Dropout's executive producer. ABC News's Rebecca Jarvis will also executive produce The Dropout alongside McKinnon. Additionally, Taylor Dunn and Victoria Thompson--who produce The Dropout podcast, hosted by Jarvis--will produce The Dropout limited series.

There's no word on when the series will film, who else will star in the series, or when the series will launch.