Netflix Lost $55 Million on a Dumb Mistake. Here’s What the Company Should Have Done Instead

• Netflix paid $55 million for a show. Prosecutors say the creator blew it on Rolls Royces and crypto.

  Netflix paid Carl Erik Rinsch top dollar during the peak streaming boom for a sci-fi series he never delivered, losing it all on bad investments and luxury goods, prosecutors say
  
  MarketWatch - 3d

• '47 Ronin' director arrested on suspicion of bilking Netflix to the tune of $11 million

  Carl Rinsch allegedly defrauded Netflix of $11 million intended for a series that was never finished. Arrested in West Hollywood, he faces trial in New York.
  
  Los Angeles Times - 2d
• 

  Hollywood Filmmaker Charged With $11 Million Conspiracy to Defraud Netflix

  Prosecutors say Carl Erik Rinsch used funds for a science-fiction series for personal investments. An arbitrator ruled in Netflix’s favor last year.
  
  The New York Times - 3d
• 

  Filmmaker charged with stealing $11 million from Netflix over show that never aired

  Federal authorities said filmmaker Carl Erik Rinsch was arrested Tuesday over charges he defrauded streaming giant Netflix out of $11 million in connection with a science fiction series he never ...
  
  NBC News - 3d
• 

  Netflix's $320m sci-fi blockbuster is 'soulless', 'dumb' and a hit

  The Electric State, starring Millie Bobby Brown, follows a trend of Netflix making star-packed movies that are panned by critics - but reach huge audiences.
  
  BBC News - 6d
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  Netflix’s ‘Electric State’ Is No Hit, but the Streamer Doesn’t Mind

  The film’s struggles have elicited no more than a shrug inside the company, demonstrating how different Netflix is from traditional studios.
  
  The New York Times - 6h
• 

  TJ Houshmandzadeh blasts critics of Bengals for paying Ja'Marr Chase, Tee Higgins

  TJ Houshmandzadeh: "These dudes have earned it. When you draft a QB No. 1 and give him $55 million/year, you've to give him WRs that can get it done."
  
  Yahoo Sports - 8h
• 

  Is That Painting a Lost Masterpiece or a Fraud? Let’s Ask AI

  A dubious “Van Gogh” has sparked a battle between technology, connoisseurs, and the high-stakes art market. What does AI, which is transforming art authentication, have to say about the verdict?
  
  Wired - 2d

• John Mulaney returns to late night with Netflix's 'Everybody's Live.' Here's what we know

  After the success of last year's "Everybody's in L.A.," comedian John Mulaney is returning to the late-night format on Netflix with "Everybody's Live."
  
  Los Angeles Times - Mar. 10

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