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Netflix handed a director millions to make a sci-fi series, but he squandered it on stocks, crypto, and flashy cars: NYT
Carl Erik Rinsch, the director of "47 Ronin," took millions of dollars that Netflix gave him for his sci-fi series to play the stock and cryptocurrency markets, The New York Times reported. The 46-year-old director scored a $61.2 million production deal from Netflix for a sci-fi series, the Times' John Carreyrou reported on Wednesday, citing a November 2018 term sheet. The Times reported that Netflix had sunk $44.3 million on Rinsch's show "Conquest" by March 2020 but that Rinsch then told the streaming company he needed more money, or production would cease. Netflix acceded to Rinsch's request and gave his ... (full story)