The disgraced former manager of the Backstreet Boys and Nsync passed away on 19 August (16) at a Texas prison, where he had been serving a 25-year sentence stemming from his involvement in a huge Ponzi scheme that swindled 1,700 investors out of $500 million (£382 million).

And now bosses at Magnet Management and publishing company Conde Nast have acquired the rights to a recent article from The New Yorker entitled We Live in the Pop-Culture World That Lou Pearlman Created.

According to Variety, the project is being developed as a limited series, and will tell Pearlman's life story, with details from his rise to pop music mogul and his subsequent fraud conviction.

In addition to the two rival boy bands, Pearlman also managed the likes of O-Town, LFO, Take 5, Natural, and Aaron Carter.

He was infamously taken to court in 2008, when the Backstreet Boys filed legal action against him, claiming they were owed almost $3.5 million (£2.6 million). The case was finally settled in 2014, after the band accepted a $99,000 (£76,000) payout. They also regained ownership of the master recordings of a number of their songs, including the 1995 hit I'll Never Break Your Heart.

NSYNC and Aaron Carter also launched similar lawsuits of fraud and misrepresentation against him.