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International Business Times UK
International Business Times UK
Business
Akshay Puri

Hollywood Director Blows $44M Netflix Cash on Ferraris and Crypto

Director Carl Rinsch poses with the cast of 47 Ronin (2013). (Credit: IMDB)

What was meant to be an ambitious science fiction epic, featuring a bold new vision and significant funding from the studio, ended in controversy and legal trouble for director Carl Rinsch.

Known for his striking visual style in previous projects, Rinsch's latest endeavour was intended to push creative boundaries. However, it ultimately resulted in his conviction for defrauding Netflix of some $11 million during the production of the series titled 'White Horse'. As film industry veteran Steven Soderbergh has remarked, this case serves as a cautionary tale about the perils of money, power, and belief in the era of streaming dominance.

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