Netflix Director Gambles $4M Show’s Budget on Dogecoin, Makes $27M in Profits

Seizing the opportunity, Rinsch indulged in extravagant purchases, including luxury cars like a Ferrari and five Rolls-Royces, along with high-end designer goods, totaling $8.7 million.

Despite Netflix’s substantial investment exceeding $55 million in Rinsch’s series, titled “Conquest,” the streaming giant has yet to receive any completed episodes.

In response, Netflix has written off the project, expressing doubts about Rinsch’s commitment to fulfilling the agreed-upon contract.

Currently, Netflix and Rinsch are embroiled in confidential arbitration proceedings initiated by the director.

Rinsch claims that Netflix owes him at least $14 million in damages for breaching their contract. The streaming service, through spokesperson Thomas Cherian, stated that it was “clear that Mr. Rinsch was never going to complete the project he agreed to make.”