Former FBI agent W Mark Felt, who revealed that he was Deep Throat, the secret source in the Watergate scandal, has sold the film and book rights to his life story for around one million dollars.
Universal Pictures and Public Affairs have agreed to pay close to one million dollars to buy the rights, a media report on Thursday said, quoting people involved in the deal.
Felt is the former FBI official who recently said he was Deep Throat, the secret source for Bob Woodward, Washington Post reporter.
The potential sale has been the subject of intense speculation in the publishing industry and in Hollywood since Felt's identity was revealed last month in an article in Vanity Fair magazine.
The contracts, which are expected to be announced later, include an option to produce a feature film and the rights to a biography based on previously unpublished material written by Felt after his retirement from the FBI, the report in The New York Times said.
Peter Osnos, the publisher and chief executive of Public Affairs said the book would be published early next year.
The movie will be developed by Playtone, the production company owned by actor Tom Hanks and Gary Goetzman.
Woodward, along with his colleague Carl Bernstein, wrote the articles about the Watergate scandal, based in part on Felt's inside information.
The scandal ultimately led to the resignation of Richard Nixon as US president, in August 1974.