E! is developing a reality show based on Rich Kids of Instagram called Rich Kids of Beverly Hills. Remember when E! used to send socialites into the woods before they were allowed to be famous? Update: The anonymous curators behind Rich Kids of Instragram emailed Gawker to note that they "are not associated" with this unscripted series. They did, however, promise a "major announcement coming in a few weeks." Does a lawsuit against E! count as major?