The American director squandered the 55 million euro subsidy for his own needs.
Carl Rinsch bought cryptocurrency and cars with Netflix’s money. Keizo Mori/UPI/Shutterstock
Film director Carl Erik Rinsch is bubbling around. Rinsch directed his first film in 2014.
I climbed 47 With the great popularity of the movie, Rinsch received offers for new projects from, among others, Amazon.
However, the streaming service Netflix wanted the future projects directed by Rinsch and they offered the director a gigantic deal. Rinsch agreed to the offer and thus they were to start a big collaboration with each other.
But regret soon hit Netflix.
The 47 Ronin film premiered ten years ago. PDO
Netflix granted Rinsch a total of more than 50 million euros in subsidies for his films and series. The streaming service Netflix gave the director almost complete freedom in what kind of series he would make and an endless budget, but not a single episode saw the light of day.
Despite this, the entire budget went.
The New York Times – magazine writes that Rinsch has spent millions of euros on, among other things, five Rolls-Royce cars, furniture, Ferraris, wristwatches worth millions of euros, and designer clothes. In addition to this, he spent the majority of Netflix’s money on stock transactions and cryptocurrencies. In the end, the director’s behavior was revealed to everyone, including his family, and Rinsch’s wife filed for divorce from him.
Rinsch has claimed that Netflix owes him more than 12 million euros in damages. Netflix has denied that they owe the director, calling him a “blackmailer.”
The New York Times could not get the film director to comment on the matter.
To this day, Netflix has not received a single finished episode or film from Mr. Rinsch, despite the funding.
The verdict is expected to be announced soon.
Source: The New York Times