Netflix director allegedly YOLOs $4m of allocated series budget on Dogecoin
Netflix is accusing Conquest director Carl Erik Rinsch of spending $4 million of the series ’ budget on the purchase of Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE). According to The New York Times, Netflix’s budget money, which was spent by director Carl Erik Rinsch, famous for the film 47 Ronin, was intended to finance the science fiction series Conquest, but was instead used to make investments in cryptocurrency. As per the New York Times report, Netflix allocated roughly $55 million for the creation of the new series. At first, however, the company only gave the project team $44.3 million. Later, Rinsch insisted the streaming giant allocate an additional $11 million, which he claimed was needed for props. You might also like: Crypto analyst bullish on Dogecoin as Tron’s network activity surges; Everlodge launches into $280T real estate market The director then decided to spend the additional $11 million issued by the company on investments, according ...