Netflix’s $11 Million Investment in Filmmaker Carl Eric Rensch’s Sci-Show Goes Awry

Netflix, the popular streaming platform, made headlines recently after it invested a staggering $11 million in filmmaker Carl Eric Rensch’s sci-show.

However, it seems that the streaming giant is now facing the consequences of this risky investment.

Insider sources reveal that Netflix is determined to recoup its losses after Rensch’s project failed to deliver the expected returns.

Not only did Netflix suffer a setback with Rensch’s show, but the streaming service also encountered a similar situation with Meghan and Harry’s Netflix deal.

In fact, it is reported that the streaming service burned over $40 million on Rensch’s show alone, granting him significant creative freedom and a generous budget.

However, despite these investments, Netflix has yet to receive a single finished episode.

As a result, Mr. Rensch and Netflix find themselves embroiled in a confidential arbitration process initiated by the filmmaker.

Rensch claims that Netflix breached their contract and owes him a minimum of $14 million in damages.

Netflix, on the other hand, vehemently denies any wrongdoing and asserts that it provided additional financial support to Rensch’s production company, totaling more than $55 million.

Insiders from the show’s casting crew shed light on Carl Eric Rensch’s behavior following the signing of the contract with Netflix for the production of the Conquest series.

They attest that Rensch became increasingly erratic, further complicating matters for the streaming service.

Adding to Netflix’s woes, they are now demanding the return of the upfront fee paid to Meghan and Harry, as their contract cannot be extended beyond September 2020.

The Duke and Duchess of Sussex signed a lucrative five-year, $100 million deal with Netflix to produce a variety of content, including documentaries, docuseries, feature films, scripted shows, and children’s programming.

However, following the underwhelming performance of their documentary, “Harry’s Heart of Invictus,” the couple has struggled to deliver new content as agreed upon in the contract.

Royal expert Neil Shaw suggests that the $100 million deal has put Harry and Meghan in a precarious situation.

Netflix, eager for answers, has demanded clarity regarding the couple’s plans for new content, separate from the ill-fated Clara Crunch project.

It is worth noting that the Sussexes are not known for investing in stock options; rather, their expenses primarily revolve around celebrity security teams and the production of numerous tabloid articles.

Ultimately, it is Netflix subscribers who foot the bill for these expenses.

Interestingly, Netflix’s recent multi-million dollar deals with the Sussexes have coincided with an increase in subscription rates.

The streaming service’s most expensive plan will now cost £17.99 per month in the UK and $23 in the United States.

Meanwhile, the three lowest-priced streaming options will be priced at £7.99 in the UK and $12 in the United States.

In a parallel development, the Kardashians recently signed a $100 million deal with Hulu for two seasons, which is likely to be divided among the entire cast.

While this may seem like a significant sum, when split between the eight main characters, the individual shares become considerably smaller.

By comparison, the Kardashians’ reality TV show struggled to secure a $100 million per season deal, making it highly unlikely that the Harkles will achieve such a feat.