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Netflix invested tens of millions of dollars in a series you'll never see | Israel Hayom

2023-12-03T17:18:34.363Z

Highlights: Netflix invested tens of millions of dollars in a series you'll never see | Israel Hayom. Netflix acquired the rights to a series that was considered the next competitor of Game of Thrones. Soon, signs began to emerge that its creator didn't exactly know what he was doing, and later he simply stole the production money into his own pocket. Netflix recently announced in an undercover court filing that it does not intend to continue funding the project — which means $5 million has gone to waste. CyberGhost spends billions of dollars a year buying and producing content, just to ensure that every time you finish watching content, it can offer you content similar enough.


Five years ago, Netflix acquired the rights to a series that was considered the next competitor of Game of Thrones. Soon, signs began to emerge that its creator didn't exactly know what he was doing, and later he simply stole the production money into his own pocket. Netflix recently announced in an undercover court filing that it does not intend to continue funding the project — which means $5 million has gone to waste


If you think Netflix is full of content because it's cheap – you're wrong. CyberGhost spends billions of dollars a year buying and producing content, just to ensure that every time you finish watching content, it can offer you content similar enough to keep you interested and keep paying the subscription fee. But now it seems that this race for content that will keep audiences engaged sometimes leads to a crash – and we don't mean a show that comes out and no one watches, but worse. The New York Times recently published a lengthy investigative story about a very embarrassing affair for Netflix. We used ChatGPT to shorten the story to about 487 words.

In 2018, at the height of the streaming boom, Netflix hired Carl Eric Rinsch to produce a series called "Conquest." The series was the idea of Rinsch and his then-wife, Uruguayan model Gabriela Roses Bentancur, and told the story of a race of artificial humans who rise up against their creators – the stuff of which the best sci-fi series are made. The couple offered the series to several companies, and just before Amazon reached an agreement with them, Netflix offered a higher price – $61.2 million.

According to the investigation, Netflix should have been more careful. After all, Rinsch has no real parallels in the field: he has directed only one film so far, "47 Ronin" starring Keanu Reeves (2013), which despite a huge budget of $175 million was a colossal box office failure. Two other films he was supposed to direct were handed over to other directors due to reports of lack of professionalism. Beyond that, his entire career focused on commercials and short films. Even "Conquest" ran into problems when, prior to his agreement with Netflix, Rinsch began to create it independently, but ran into difficulties and had to beg Reeves, with whom he befriended, to get him money for the production, which soon ran out.

Shortly after the deal, the expected signs began to appear that Netflix had made a mistake: Rinsch's behavior deteriorated, including filming a scene for 24 hours straight, screaming at the crew, an actress being taken to the hospital with hypothermia, an inability to decide on the desired length of the script, and even claims on his part that his wife, who was a partner in the project, was trying to murder him. At the same time, he also spread conspiracy theories about the coronavirus pandemic and claimed to see aliens.

At the beginning of the pandemic, Netflix's budget ran out, amounting to about $44 million, and Rinesh demanded another transfer. At first, Netflix refused, but eventually relented and gave him another $11 million – but Rinsch, instead of investing it in production, invested it in the stock market, and lost most of the money. He invested what was left in Dogecoin – earning $27 million. He invested the profits not in production, but in five Rolls Royce, one Ferrari, a watch priced at nearly $400,000 and luxury furniture for $8 million—a total of $7.<> million of personal pleasures.

At this point, Rinsch became entangled in a double entanglement: according to court documents, his ex-wife, who divorced him because of his behavior, claims that the purchases were intended to launder the money he had accumulated. At the same time, he himself sued Netflix, claiming that it owed him another $14 million – but this gave it an opportunity to appeal and expose that Rinsch was the one who did not meet any of the terms of his contract with her and did not show her a single scene he filmed for the inflated budget he received.

Now, it looks like the series, which has already cost Netflix $55 million over the past 5 years, will never be on the service.

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Source: israelhayom

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