Sony is set to acquire the rights to a movie about the late Apple co-founder Steve Jobs, who died last week.

The studio behind Oscar-nominated 'The Social Network' - the film that told the dramatic story of the creation of Facebook - is planning a biopic about Jobs, which will be based on the forthcoming biography by Walter Isaacson, due out October 24.

Steve Jobs Biography
Movie to be based on Steve Jobs biography

Mike Fleming of deadline said: "I've just learned that Sony Pictures is making a hefty deal to acquire feature right to 'Steve Jobs'," reports that Sony Pictures is "making a hefty deal to acquire feature rights" of the upcoming book, written by former Time Magazine managing editor Walter Isaacson.

Fleming also said: "I'm hearing the deal is $1 million against $3 million and that Mark Gordon will be the biopic's producer. But this will be an MG360 project, which is the movie production partnership between Gordon and Management 360. ICM reps both Isaacson and Gordon. Sony Pictures would not comment."

The studio has a good success rate of turning books about business into compelling films, with The Accidental Billionaires becoming the hit film, The Social Network.

'Steve Jobs' the biography was due to be released on November 21, but was brought forward to October 24 following the death of Steve Jobs last week. The 448-page books is the product of over 40 interviews with the Apple and Pixar co-founder and over 100 interviews with Jobs' friends, family and co-workers.