The billion-dollar Netflix-funded series that never saw the light of day

27. 11. 2023 | Natalie Bezděková

In 2018, Netflix decided to make a risky move and invested a whopping $55 million in a sci-fi series directed by Carl Rinsch. Despite its previous mediocre success with “47 Ronin,” the series about artificially created beings was considered a potentially attractive project. Unfortunately, however, it turned out to be one of the worst decisions in the streaming service’s history.

According to revelations by The New York Times, some of the funding Netflix put into the project ended up being extremely inappropriate. Director Rinsch spent the money on cryptocurrencies, stocks, Rolls-Royce luxury cars and even furniture and expensive clothes. His behavior became wild, he claimed to have the ability to predict lightning strikes and even discovered the secret “transmission mechanism” of covid-19.

The situation culminated in the cancellation of the entire project, which is now one of the biggest flops in Netflix history. Today, Rinsch and Netflix are embroiled in a legal dispute, with the director claiming the streaming giant violated the terms of the contract and owes him at least $14 million.

This episode not only shows the precariousness of the movie industry, but also reveals that the golden era of gaining new subscribers for streaming services may be coming to an end. Investors are now pushing harder to generate profits, which may have major implications for the strategies and decisions of similar platforms in the future.

Photo source:

Author of this article

Natalie Bezděková

I am a student of Master's degree in Political Science. I am interested in marketing, especially copywriting and social media. I also focus on political and social events at home and abroad and technological innovations. My free time is filled with sports, reading and a passion for travel.


Support us to keep up the good work and to provide you even better content. Your donations will be used to help students get access to quality content for free and pay our contributors’ salaries, who work hard to create this website content! Thank you for all your support!

Write a comment