An obscure filmmaker, Carl Erik Rinsch, has entered into a legal battle with Netflix after making unexpected high profits from Dogecoin transactions. Rinsch failed to complete the project called “Conquest” with Netflix, and Netflix is pointing to the unfinished production stages that led to the project’s failure.
Rinsch made a name for himself in the film and production industry with a science fiction presentation about artificial humans. Despite criticism and commercial failure with the film “47 Ronin,” he caught the attention of Hollywood’s content creators. However, Netflix outbid Amazon, offering Rinsch an eight-figure deal, including the rare privilege of final cut.
The project called “Conquest” turned into chaos despite a budget allocation of $55 million. Rinsch drew attention with his cryptocurrency Dogecoin trading, as well as his extravagant spending and obsession with cryptocurrencies.
Rinsch used the $4 million investment he received from Netflix for Dogecoin trading, taking the money to unexpected levels. The $4 million investment turned into a value of over $20 million, and it is known that he thanked a Kraken representative, saying “Thank you, and may God protect crypto.”
Netflix is trying to recoup its significant investment in “Conquest.” Interestingly, despite not delivering any episodes, Rinsch claims that the contract has been breached and is demanding $14 million in compensation. Netflix, on the other hand, denies any responsibility, citing unfulfilled production promises.