‘Studio 54: American Crime Story’ Currently In The Works At FX As Potential Fourth Installment Of ‘ACS’ Limited Series
Studio 54: American Crime Story
will tell the story of Steve Rubell and Ian Schrager, who in 1977 turned their Midtown Manhattan disco into an international mecca of nightlife for the rich and famous and commoners alike — renowned for its lavish parties, music, sex and open drug use. With Rubell and Schrager’s meteoric rise came their epic fall less than three years later when the impresarios were convicted of tax fraud.
In December 1978, Studio 54 was raided after Rubell had been quoted as saying that only the Mafia made more money than the club brought in. The business partners were charged with tax evasion, obstruction of justice, and conspiracy for reportedly skimming nearly $2.5M in unreported income from the club’s receipts. Police reports at the time read that cash and receipts were in the building and were hidden in the ceiling sections of Rubell’s office, where both he and Schrager worked.
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