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Netflix wants its money back after a $55 million production fell apart.
That’s according to The New York Times, which claims filmmaker Carl Erik Rinsch pocketed the millions of dollars Netflix transferred him for the production of a sci-fi series that we’ll probably never see:
Netflix wired Mr. Rinsch’s production company $11 million, bringing its total outlay to more than $55 million... Mr. Rinsch transferred $10.5 million of the $11 million to his personal brokerage account at Charles Schwab and, using options, placed risky bets on the stock market.
Rinsch and Netflix are “now locked in a confidential arbitration proceeding,” the NYT reports. He reportedly claims Netflix owes him “at least $14 million in damages.”
The Strange $55 Million Saga of a Netflix Series You’ll Never See
[The New York Times]
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