Netflix is currently engaged in a “confidential arbitration” process initiated by the filmmaker Carl Erik Rinsch, claiming that the company breached the contract and owed him at least $14 million in damages. Netflix has denied such claims.
It all started when Cindy Holland, Netflix’s VP of original content at the time, decided to win the auction for Rinsch’s proposed project — a science fiction series based on artificial humans.
This TV series named “Conquest” has resulted in a massive loss of money, time, and energy for Netflix because, to date, the streaming giant hasn’t received a single finished episode. It is also at the center of this dispute.
As per the report, Netflix had already paid $44 million to Rinsch when he requested additional funds from the company in March 2020. While Netflix was reluctant to provide more funding, they agreed after the filmmaker suggested that the entire project might collapse without the additional cash injection.
However, instead of putting t...
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