Netflix Lost $55 Million on a Dumb Mistake. Here’s What the Company Should Have Done Instead
Netflix spent $55 million and hoped director Carl Rinsch would deliver a sci-fi masterpiece. Smart leaders might have known better.
| 1d 3:30 AM ET ago |
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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 sayMarketWatch - 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 - 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 - 3d -
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 - 4d -
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 - 4d -
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 - Mar. 15 -
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 - 12h -
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 - 1d -
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
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