47 RONIN Director Allegedly Used The Budget For A Netflix Sci-Fi Tentpole On Dogecoin And A Rolls-Royce

47 RONIN Director Allegedly Used The Budget For A Netflix Sci-Fi Tentpole On Dogecoin And A Rolls-Royce

The strangest piece of news to surface recently surrounds allegations that Carl Erik Rinsch, the director of 47 Ronin, misappropriated funding from Netflix for a now-canceled sci-fi tentpole.

By MarkJulian - Nov 28, 2023 07:11 PM EST
Filed Under: Sci-Fi
Source: SFFGazette.com

Occasionally, you come across a story that is so outlandish, that it's hard to believe its validity, even when Hollywood is involved.

For example, Carl Erik Rinsch's divorce procedures have disclosed some bizarre financial practices that occurred during the 47 Ronin director's production of a high-concept sci-fi series dubbed Conquest for Netflix.

The series was said to be inspired by Rinsch's 2010 short film, The Gift, a project that first put him on the map.  To develop the concept, Netflix gave Rinsch $55 million dollars in 2018, for a 13-episode first season. In a highly competitive auction, Netflix swooped in to outbid Amazon, Hulu, HBO, Apple, and YouTube for the series.

However, the cast and crew said that Rinsch's behavior became increasingly unpredictable during the series' shoot.

Financial records revealed during Rinsch's divorce procedures suggest that he lost about $11 million of the show's production budget on bad stock market trades. He then invested an additional $4 million in Dogecoin during the cryptocurrency's boom, turning it into about $30 million. However, he then spent a large portion of his fortune on sports vehicles (including a fleet of five Rolls Royces and a Ferrari), fashionable apparel, and furniture.

Rinsch's initial investment in the stock market of $11 million and the $4 million he used to fund his cryptocurrency windfall remain unaccounted for on Netflix's end as Rinsch never returned the money. It's bizarre that Risch didn't use $15 million of the $30 million he made off Dogecoin to pay back the streamer.

You can check out The Gift below. It's easy to see why Amazon, Netflix, and others were aggressively bidding on the project. Conquest was reportedly a high sci-fi concept series, " about a genius who invents a humanlike species called the Organic Intelligent. The O.I. are deployed to trouble spots around the globe to provide humanitarian aid, but humans eventually discover their true nature and turn against them. Mr. Rinsch called the show "White Horse," a reference to the first horseman of the apocalypse."

Amazon had a handshake agreement in place to get the project's rights when Netflix made a last-minute bid that was reportedly twice what Amazon was willing to pay. The streamer was said to be convinced that they had the next Stranger Things in their possession.

The project began shooting in various international locales including São Paulo, Brazil,  Montevideo, Uruguay, and in Budapest. However, amid reports of a trouble production and Rinsch's erratic behavior, it seems the director told Netflix that he was having trouble deciding between a shooting schedule that aligned with the show's original 13-episode order or one that would require 26 episodes to complete - essentially requiring a second season to be greenlit.

During divorce proceedings, Rinsch's estranged wife, Gabriela Rosés Bentancor, produced text messages from him in which the director claimed to be able to predict lightning strikes and volcano eruptions, indicating that the stress of the production and the ongoing coronavirus outbreak were affecting his mental state.

In March 2021, Netflix informed Rinsch that they would no longer be moving forward with Conquest. Rinsch and Netflix are now embroiled in a bitter court struggle over who owes the other $14 million. This month, the matter was heard before an arbitrator, and a decision is expected soon.

HIT MAN Star Glen Powell Spotted On Set Of Edgar Wright's THE RUNNING MAN; Movie's Logo Revealed
Related:

HIT MAN Star Glen Powell Spotted On Set Of Edgar Wright's THE RUNNING MAN; Movie's Logo Revealed

SQUID GAME Season 2 Trailer Sees Lee Jung-jae Embark On A Bloody New Mission As Player 456
Recommended For You:

SQUID GAME Season 2 Trailer Sees Lee Jung-jae Embark On A Bloody New Mission As Player 456

DISCLAIMER: As a user generated site and platform, ComicBookMovie.com is protected under the DMCA (Digital Millenium Copyright Act) and "Safe Harbor" provisions.

This post was submitted by a user who has agreed to our Terms of Service and Community Guidelines. ComicBookMovie.com will disable users who knowingly commit plagiarism, piracy, trademark or copyright infringement. Please CONTACT US for expeditious removal of copyrighted/trademarked content. CLICK HERE to learn more about our copyright and trademark policies.

Note that ComicBookMovie.com, and/or the user who contributed this post, may earn commissions or revenue through clicks or purchases made through any third-party links contained within the content above.

Madman
Madman - 11/28/2023, 7:59 PM
Alright, which one of you was it?
Vigor
Vigor - 11/28/2023, 8:07 PM
This is just a form of gambling addiction
Sad.
DocSpock
DocSpock - 11/28/2023, 8:16 PM

Who farted?

GhostDog
GhostDog - 11/28/2023, 8:21 PM
And yet Netflix cancels decent shows left and right
Feralwookiee
Feralwookiee - 11/28/2023, 8:29 PM
"Rinsch sent emails to Netflix executives involved in the project stating that he had a way to map "the coronavirus signal emanating from within the earth." His wife filed for divorce; in 2021 according to his wife's lawyers, Rinsch told her that airplanes were "organic, intelligent forces" and he sent texts to her saying he had the power to predict lightning strikes and volcanic eruptions."

-I would keep this guy dosed up to his eyeballs on his "meds" and just listen to him talk about insane shit for hours. 🤣
santoanderson
santoanderson - 11/28/2023, 8:53 PM
Crackpot director: “Hey Netflix. I made an action movie starring Keanu Reeves that got terrible reviews AND lost $100 million.”

Netflix: “HERE’S $55 MILLION DOLLARS! DO WHATEVER YOU WANT WITH IT!”
bobevanz
bobevanz - 11/28/2023, 9:34 PM
Should have bought Nvidia calls lol if you're in the market, look for rallies all around into January. The Santa Clause rally is here. More room to short ^_^
Doomsday8888
Doomsday8888 - 11/29/2023, 3:53 AM
Man livin the life.
CrazyJ
CrazyJ - 11/29/2023, 9:24 AM
This is a messy situation, heard many years ago that Carl Rinsch was attached to direct two parter Alien prequels with Ridley Scott as producer, supposedly Carl was in a relationship with Ridley's daughter Jordan Scott, the studio 20th century fox were not confident unless Ridley was the one directing, eventually Carl left the project Ridley took over and it developed into Prometheus, I remember reading these movie rumour news on reports on forums, so long ago for what was then a highly anticipated Alien entry, spotted Carl Rinsch name in few of these reports.

Please log in to post comments.

Don't have an account?
Please Register.

View Recorder