"47 Ronin Director's Financial Missteps: Stocks and Crypto Drain Netflix Sci-Fi Series Budget"
Director Carl Erik Rinsch reportedly mismanaged the $55 million budget given to him by Netflix for the sci-fi series Conquest, blowing $10.5 million on stocks and losing $5.9 million. He then invested $4 million in Dogecoin, turning it into nearly £27 million, and spent $8.7 million on sports cars and designer goods. Rinsch's purchases included a new Ferrari and five Rolls Royces. Netflix has canceled the series and is now in a confidential arbitration with Rinsch, who claims the streaming giant owes him $14 million in damages for breach of contract.