"In 2018, the streaming service had agreed to spend tens of millions of dollars on "White Horse," a sci-fi project that depicted a world where artificial, clone-like beings created their own society after a schism with humankind. The show had the endorsement of Keanu Reeves, who starred in Rinsch's movie "47 Ronin." By November of 2019, Rinsch had spent more than the $44 million Netflix had agreed to pay for one season of the show."
"In Rinsch's eyes, he was ready to deliver Netflix a mega-franchise on par with "Star Wars" or "Game of Thrones," and was negotiating the terms for a sequel. He had already spent millions of dollars of his own money on the passion project, he testified, and wanted to go bigger. "This was, in my eyes, a franchise," he testified Tuesday."
"In March 2020, Netflix sent Rinsch's production company an additional $11 million - the money at the center of his Manhattan federal court fraud trial. According to prosecutors, Rinsch used the funds for a personal spending spree. Rinsch, on Tuesday, testified that he completed all the production work Netflix expected - at a fraction of the price. The rest, he said, was his to keep."
Netflix contracted the sci-fi series White Horse in 2018, a project about artificial, clone-like beings forming their own society with Keanu Reeves' endorsement. By November 2019, director Carl Rinsch had exceeded the $44 million Netflix committed for one season, leaving the project overbudget and unfinished. Rinsch sought expanded terms to build a multi-season franchise and infused personal money into the production. In March 2020 Netflix sent an additional $11 million; prosecutors allege those funds were diverted to luxury purchases and trading, while Rinsch contends required production work was completed and remaining funds were his to keep.
Read at Business Insider
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