Normally, money is not an issue at Netflix, so the managers responsible sometimes shell out hundreds of millions for just a single film. But now it’s over and the streaming provider consistently pulls the ripcord on the latest project.
Netflix sometimes costs movies with top-class casts. “The Gray Man” with Ryan Gosling and Chris Evans cost around 200 million US dollars. The streaming provider had to pay no less for Ryan Reynolds, Dwayne “The Rock” Johnson and Gal Gadot in “Red Notice”.
Netflix pulls the plug: Most expensive comedy is not funded
But at $150 million the keg is full for Scarlett Johansson, Penélope Cruz, Michael Fassbender and Owen Wilson in a romantic comedy. The film, previously titled Paris Paramount, was to be directed by American filmmaker Nancy Meyers, who is well-known for the genre. Robert De Niro and Anne Hathaway recently had them in front of the camera in “You never stop learning” (currently watch on RTL +).
But that doesn’t happen anymore, at least not on Netflix. The streaming provider reportedly didn’t want to pay more than $130 million150 million was now clearly too much (source: Variety).
The last Nancy Meyers film from 2015:
The current case proves that Netflix no longer able or willing to spend money indiscriminately. You have to budget and carefully analyze a film’s chances of success – quite a reversal. But why are Netflix productions so expensive lately? A $150 million comedy is crazy, isn’t it?
First of all, the actors from the front row cost so much. But they want even more, because Netflix doesn’t have any revenue shares like with classic cinema films, which later also end up in secondary and third-party exploitation. Ergo: The “Expense allowance” must be higher per se.
Who strikes now?
By the way: Even if Netflix will not finance the latest film by Nancy Meyers, it still exists Hope, that “Paris Paramount” is created anyway. As Variety writes, “But don’t cry into your cashmere sweater just yet: sources familiar with the project say the filmmakers are evaluating other options for making the film.”
Thinks you go “shopping” with the film and will introduce it to other studios and streaming providers. Who knows, maybe Apple TV+ or Amazon Prime Video will grab it. In the past, they have often secured such projects that needed a new home.