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Broadcasting & Cable
Broadcasting & Cable
Business
Daniel Frankel

Netflix Battles Rookie Series Creator in Arbitration After He Blows $55 Million on Fancy Cars, a Watch and Crypto

Carl Erik Rensch.

Netflix is in arbitration with a rookie series creator after he blew through $55 million of the streaming giant's money and came up with nothing to show for it.

As detailed in a fascinating New York Times report published over the long holiday weekend, Netflix under the direction of then original content VP Cindy Holland and nearing the zenith of the streaming boom in 2018, outbid Amazon and other suitors to buy an original sci-fi series called Conquest from filmmaker Carl Erik Rinsch.

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