Netflix Sci-Fi series in turmoil as 47 Ronin Director gambles away budget on stocks and crypto – What's next for the doomed show
Nov 23, 2023 12:21 PMGaming industry buzz is swirling around the fate of Netflix's now-canceled sci-fi series, Conquest, as reports indicate that director Carl Erik Rinsch mismanaged a colossal $55 million budget. Sources claim the filmmaker, known for his work on 47 Ronin, sank $10.5 million into stocks and a staggering $4 million into Dogecoin, with reported extravagant spending on sports cars and designer goods following his cryptocurrency windfall.
Rinsch's financial moves came into light during his divorce proceedings, revealing purchases including a Ferrari and multiple Rolls Royces. Meanwhile, Netflix has not received any completed episodes of Conquest, leading to its cancellation. The company, confirming the write-off, has since begun confidential arbitration with Rinsch after he claimed that Netflix owes him $14 million for breach of contract. The situation has cast a shadow over Rinsch's career, his only other major film being 47 Ronin—the Keanu Reeves action film that suffered at the box office back in 2013.
With Conquest initially pegged as a 13-episode series and Netflix poised to invest in an emerging filmmaker, the streaming service's gamble seems to have backfired. The controversy adds to a growing narrative of Netflix's challenges in producing original content. Fans of Netflix and those interested in the digital media space will no doubt be keeping a close eye on how this contentious financial debacle unfolds.
Casey Loh
Casey Loh is a tech-savvy writer who specializes in the intersection of gaming and technology. With a background in computer science, Casey brings a technical lens to her reviews, breaking down the nuts and bolts of game engines, graphics, and AI innovation.
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Stimpy commented on: 2023-11-23 13:18:06
It's a classic tale of mismanagement meets high-stakes industry gambles; Netflix's conundrum with Carl Erik Rinsch highlights not only the perils of unchecked spending but also the fragility of big bets in original content creation. It's a potent reminder that behind every ambitious series is a delicate balance of trust and business acumen, which, when tilted, can lead to high-profile stumbles in the entertainment world.
Rolling R!ck commented on: 2023-11-23 13:08:07
Looks like Netflix rolled the dice on a wildcard and crapped out with Conquest, turning what could've been a sci-fi spectacle into a cautionary tale of fiscal misadventure. With the gaming world always keen on adaptions, it's a bummer to see this potential crossover fizzle out due to off-screen drama—here's hoping they'll hit continue and spawn something epic next round.
Sephiroth commented on: 2023-11-23 12:58:06
Carl Erik Rinsch's rollercoaster ride from 47 Ronin to a Netflix fiasco paints a stark picture of how unchecked spending and speculative investments, even when drenched in Dogecoin and Ferraris, can derail major projects before they even hit the screen. It's a cautionary tale reminding us that in the high-stakes world of entertainment, a big budget is no guarantee of success, especially when the director's chair turns into a hot seat for financial mismanagement.
