The $55,000,000 Netflix Nightmare
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- Опубликовано: 18 дек 2023
- Original reporting from John Carreyrou over at NYTimes:
www.nytimes.com/2023/11/22/bu...
Sometimes you trust someone with 55 million dollars and they make a good tv show. Other times, that someone buys dogecoin and lambos, such is life.
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#netflix #2023 #documentary 
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It’s kind of infuriating how wealthy frauds can fail upwards like this at the expense of their employees and still get away with everything.
I just got laid off on Friday. My entire factory is closing and everyone is out of a job. Except the GM, who gets moved, a promotion, and a raise.
I have used the phrase "fail upwards" so many times in the last 2 months.
Same thing with government. Bidens a perfect example
Biden has literally 50 years of political history. Trump has 4 years....
One can only fall up for so long. A few years, not decades.
Its because political gains have been made and taken advantage of in cinema.
@@infinitesimalperinfinitum which factory is this? O.o 🐟
Netflix cancels shows with a big fan base if the fan base stops significant growth. They assume they don't need to keep existing customers happy, just draw in new ones. Bad strategy.
Infinite growth is a modern illness. The rich class doesn't just want to stay rich - they want to get richer and richer. We live on a planet with limited resources. We need to slow down. Otherwise the whole system will implode
If 99% of population has no money then who will be buying stuff? It's basic economics
@@angelikaskoroszyn8495 I don't know if that's just the rich. People who make $60K and can live in reasonable comfort still want to make $100K. If they got to $100K they would want $200K.
@@MakerInMotion it's not bad or unhealthy to want more or better, as long as there are no downsides. When your one type of gain is at the expense of your other type of loss or at the expense of the loss of others, then it is bad. That's the distinction and responsibility.
@angelikaskoroszyn8495
Majority of stock market participants aren't millionaires/billionaires. Some use it as a means to grow their life savings so they can leave something behind for their kids, loved ones etc and/or retire with ease & live a relatively comfortable life - retiring at 65, living to 90 @ $40K annually will require $1M & that doesn't account for inflation.
So they do need to grow. Problem is, many companies are unrealistically valued & indefinite growth isn't possible. Yet, each investor has to get a return on their investment (ROI) by selling to the next investor when the business grows in value & that new investor also has to get his/her own ROI, which requires another growth & so on...eventually, the grenade being passed on/around will explode in someone's hand.
Also, 1% of the world is 80+ million folks. They all can't be billionaires or even millionaires. I saw a video (can't remember its title) where it was said that the lowest wage that earned someone entry into the "richest 1%" category was if they had $56K cash AFTER taxes, which means many people out there yelling about "the 1%" are actually among them 😂
@@MK77755r
Sports betting (& gambling in general) is like that. Every win you make from it, is often because of other people's loss. When a company gains market share, it's either the market grew, or competitors lost customers to the company or a combination of both.
Man knowing how many amazing TV shows are never getting another season while they piss this much money away is depressing.
For me this was the reason I cancelled my account
Yeah, Netflix is a wild beast. They have a lot of great shows in under their belt, yet trash content gets renewed every season. Shit's baffling and wild to me.
1899... Canceled for no good reason. This is why many people don't want to get into a Netflix series if they're just going to cancel it anyway.
Its why i pirate all their shows now after bojack got finished@@Panteni87
I'm still pissed we're not getting a second season of the Dark Crystal show
Now Netflix need to make this whole fiasco into a movie.😅
Honestly it sounds way more interesting than the original one! They should make lemonade. But since its Netflix I fear they won't.
Like they did with "The room"?
the Wolf of Netflix....
@@judgedrekk2981 Lol
@@judgedrekk2981 😂
I worked as a (regular) extra for five years (3 broadcast seasons of 20 episodes each) on a well-regarded "historical drama" filmed in Ireland and set in the early mediaeval period.
Netflix picked up the "sequel" series when that was sold, and bloated the budget so much that we background folks actually started getting paid for days we didn't shoot or weren't on set... We basically got retainer fees for being available because Netflix liked to keep shooting shedules "flexible" during the Covid partial lockdowns. As anyone who might have worked as an extra or background on a movie or tv show will know, this is basically unheard of. It was great for us ... But really did illustrate just how much money Netflix were prepared to part with.
Ah vikings , I know a few people who were extras on that XD
Wow. Meanwhile I work in theatre and it's just brutal.
Netflix is so poorly run. You have to be crazy to keep holding onto their stock. It isn't going to end well for any of these streaming platforms in their current business model, but Netflix may be the worst fall when all is said and done
If the budget had to be bloated I'm glad to hear you got something out of it.
@@potcha They're startup nerds cosplaying as TV/Movie producers. They're playing Hollywood.
The thing about nerds is that they can't generate their own cultural capital - the only thing that makes them look even vaguely cool is simply buying stuff and throwing money around. And generating cultural capital is, quite simply, the thing that people in the arts and media sectors do. That's all they do.
This is how these startup nerds run Netflix. This is why there's so much crap on there that cost hundreds of millions to be incredibly mediocre, if not outright terrible, shows. Bright, anyone? That green screen movie with The Rock and The Plank (or "Dwayne Johnson and Gal Gadot", as their mums call them)? Whatever over-produced "true crime" documentary that's focuses less on facts and more on reality TV-style drama? Netflix can't tell if any of these ideas are good - only that they're paying for them, and we should acknowledge that.
I really wanna know Keanu Reeve's view on the whole thing. We know he invested in this guy and even did an intervention for his wellbeing.
It's gotta sting to see someone you obviously care for just do all of that.
Especially given all the other personal tragedies Keanu has gone through.
Man both excels in career and can't catch a break in life.
In reality the director is in fact super charismatic and legitimately talented and hard working.
But he just went insane, possibly even realized he could screw over Netflix and somewhat protected by the contract.
@@AL-lh2ht Except for the part where he regularly abuses his employees ig
@@mollusckscramp4124
Negligence is not the same as malicious intent. Just because the set manager hit the vodka too hard to keep a timer on actor exposure, and didn't intervene against the director as is his job, doesn't mean the director was out to hurt actors.
Abuse is stuff like Jeremy Clarkson did, beating up a staff member because Clarkson has no decency or self-control.
Because of how haphazard the contract Netflix signed with him is, Netflix may actually have to give him even more money
Most competent Netflix employee
"So, how did you get rich?"
"A dumbass netflix employee signed a terrible contract with me"
@@reprovedcandyNGL wish I'd thought of it 😅
I respect him, actually, for finding out first that Netflix got infinite money hack. They poured money into literally anything.
Did you read the contract?
Reminds me of that South Park episode where Netflix answers the phone offering to "green light" you.
I am pretty hesitant to get into new Netflix shows because they very rarely have an ending due to cancelations.
Same, honestly. At this point Netflix should just make limited series exclusively (shows that end in one season), same difference at this point except we at least get an ending!
Same. It's sad that we live in a world where, between producers or networks wanting to move on quickly or wanting to milk a successful IP for every penny, and creators not having a plan, very few shows actually get a good ending. This is why manga and anime are currently king.
It seems that if shows go well, they try to milk it until they can’t anymore and abruptly cancel shows the moment they don’t seem to be immediate hits.
Sometimes I really do wonder what goes on in the offices at Netflix. I get cancelling shows that are not performing well, all studios do that. But why cancel the ones that are doing well?
because they don't want to make money. they want to make _all_ of the money. if a show doesn't look like it's going to be the literal most profitable thing ever, it gets the axe.
it's obviously unsustainable to anyone with sense; it obviously has a negative effect on audience retention because no one trusts that interesting shows will actually stick around anymore; but the brainwormed execs making these decisions don't understand anything other than "line go up"
Tax reasons, probably. :P
The longer shows go on the higher the budget, and theoretically they already got those subscribers. They only care about getting new subscribers. Not maintaining them.
Also Netflix is insane.
Greed, the shows that are doing well arent block busters like stranger things or GOT and not worth their time to invest in when only a people are watching it
Apparently it's because they don't gain more subscribers for the second and third season because of the show. They want the boost but that's all
I don't understand how this guy hasn't been arrested and criminally prosecuted for embezzlement. I think there's a very good chance that his lawsuit against Netflix would literally require him to hand prosecutors all the evidence they need to prove he embezzled the money.
Like thousands of people like him who always get away with it.
Maybe because this isn’t embezzlement. You can’g criminally prosecute someone for breaching a contract.
I can't even fathom how an 120 minute TV series costs 55 million in the first place even with everything going perfect. It is insane how much is spent on these productions for a marginal improvement if even that over TV shows with a fifth of that budget.
The problem is on TV has existed for a long time, cheap TV shows are a norm people get used to.
Streaming hasn't, and the biggest competition is free video streaming on RUclips/similar. So in order to be seen as more than RUclips they need to compete with the best RUclips creators for quality, which is quite hard given the amount of content on RUclips(so the dozen or so famous youtubers are the top 0.1%).
@@scragar an 11 million dollar series production is not a cheap TV show in the slightest. I think you have missed what I'm getting at.
Steamings biggest competition is other streaming services, not RUclips. I mean the best quality content on RUclips is quite below the standard of normal TV shows. No hate on those RUclips channels, it's just the inexperience and smaller teams they have compared to a TV production.
A lot of that goes to money laundering. See "The Producers" for a similar scam. Sometimes a failure is just what they want.
well lets think of the sales pitch: How much would you be willing to pay to have compete ownership of the next Star Trek or Star Wars franchise (both scifi)? would you let $5-10 mil be the deal breaker when we could be talking $100+ mill in profits
When it comes down to TV shows it is very easy to copy, just look at how many pawn shop shows there are, talent shows. it is very easy to fill a lot of your air time with garbage and reruns. I dont think that many investors are willing to throw money at the next "Everybody Loves Raymond". When TV networks do throw money at a series that is kinda all their eggs in one basket so it has to be a homerun. They might even look at it as a long time investment due to reselling the rights of the show and filling air time for the next 3-5 years. (just for debate reasons i am not including HBO, Showtime, ect cause they are paid subscriptions)
TV needs to entertain you for 24 hours while streaming is at your demand. what i am getting at is they both view the product differently, buffet vs (insert very expensive food)
@@Alex-cw3rz that and prop assets (yes its cheaper now then it was back then but still).
Another is the on site recording. Like Viva La Dirt League series Epic NPC Man is more or less filmed in one or two locations even whit a for whats needed decent budget but its nowhere near what most studios need. and then is the classic stuff of filming on the other side of the world logistic nightmare.
Viva La Dirt and most other channels at most they film 1-2 towns over or they send 1-3 crews to film at location X and probebly have the rest sourced from there (guest for the show).
I'm honestly extremely annoyed. Mindhunter was one of the best crime shows I've watched and it was well made but discontinued it because of the "budget". There's a lot of crappy netflix shows out there that doesn't deserve to be on it nor to be continued but is still there. It is extremely frustrating to see good shows gone all because of corporate greed.
Since David Fincher is still doing whatever he wants with Netflix money atm, it's most likely his decision to discontinue the series than Netflix
I think that was partly a Covid restrictions impact casualty as David Fincher i think and some others moved on to other stuff. At 1st it was still open to the possibility but as the Covid dragged on it got put on the back burner or shelved completely .
They took away mystery science theater even tho it was so cheap to make all they needed were public domain bad movies.
Netflix wanted to continue Mindhunter, it was entirely David fincher who chose not to continue it.
GOOD NEWS Mindhunter is COMING BACK! Or was this a joke story I read. ?? I read they were working on another season....confused...😮
If it wasn't for the foreign language shows i'd have ran out of things to watch years ago. There's only so many American shows of people shooting each other and chasing each other in cars that a person can take.
that’s why I love Netflix honestly, they have a large library of foreign media. Otherwise I wouldn’t subscribe to anything but RUclips for small documentaries.
Korean TV has kept my subscription.
As a struggling indie film maker, this is infuriating
Yea
@@hughjass2612 is your name pronounced "huge ass" ?
@@vanesslifeygo🗿 fr
@@Pactastic042
Marry the daughter of someone important lol
The people who make these decisions lecture us in their work and words
I'm just trying to understand why the answer is to give the director of 47 Ronin over $50 million instead of...ya know...maybe thinking there's some talent there that didn't show through that movie and giving him a small budget project if he has a good pitch. Netflix got what they paid for and i only feel sorry for the people beneath those making business and financial decisions. Careless. Imagine all the other things in the world that that money could have been used for.
or putting that into third season of Mindhunter.
Well he had small budget projects and proved himself to be a talented ad clip maker. I don't think Netflix deserves what they've got, they should have got Ronin 47 type of quality series. Instead they got their funds mismanaged by derailed director. A sad if not criminal story.
@@kissarococo2459 they literally didn't even take the time to go beyond "wow everyone wants this project! Let's outbid them!!". Their need for MORE content regardless of quality led them to hasty decisions like this. And 47 Ronin is, for all intents and purposes, a huge red flag. $55 million is not low budget also. Look at an A24 movie budget. They should not have decided with the one blockbuster under his belt that this guy needed a massive sci fi epic. Again, maybe give him a several million dollar indie movie or something. With Ronin, it was looking like this would either be another CGI filled diarrhea blockbuster smeared on the screen OR a disaster that would never come to fruition. You don't need to feel bad for Netflix. They don't even let their creatives have a wholly original look. They force minimum HD camera spec requirements which is why everything looks the same on their service. They also don't care about preserving their originals or using logical metrics to determine what shows they renew and which they cancel. They don't need consumers protecting them from their own impulsive, desperate foolishness.
Because he had the backing of one of the greatest directors on earth and some A list stars.
It’s all about networking.
@@jarg8literally a billionaire was invested into this project and a A list star.
That is why Netflix bought it.
Thank you for putting Mindhunter on the list! I was so sad they never continued it 😭
It was brillant. And im still angry that it got canceled.
I thought that was the director/writers decision ?
Considering that Netflix is still showering David Fincher with their money to do anything he wants, it's more likely his decision to cancel the series than theirs
Actually Mindhunter was not a great show cancelled by Netflix (for once), Fincher apparently lost interest and wanted to do other things. Not sure why they didnt get someone else to continue
In these all-or-nothing times, it's hard to imagine this is an isolated case in a single industry. More likely this is standard practice now, with huge sums of money shifting between dubious people and places, never coming to account in the end.
Except this is not normal at all.
Netflix deserved this, but the people who come after this guy didn't and Keanu didn't either
Dude Keanu enabled him. The whole Keanu worship has gone to a ridiculous level where you can see a story where he is only tangentially involved, part of the problem, and yet you have comments trying to defend him.
@@Tinil0 He's human like anyone else, crazy how people treat him like a god
@@antlerman7644 prove he's not a god them come back.
They should've just made a documentary/reality show on this guy while he was trying to make the show. That honestly sounds like it would've been more entertaining than that sci-fi one he was filming, and they probably would've earned all their money back and turned a profit haha
Haha this is genious
Hearing anything about Blitzscaling companies is always just mind-melting billions will be just wasted, nobody is held to account and we are often told to hold these m orons as better than us, because they know someone who had more money than sense.
When you move fast and break things you're most likely to break your bones.
It is just that now they are on the public eyes, this shit has been happening for ages, rich bastards have been playing with billions of dollars like chips in a poker game, money that they quite literally taking away from us and they don't give a single shit, I can only be happy that nowdays we are able to see it in plain daylight because it ignites rightful anger in the masses
Imagine investing all of it into infrastructure. Or education. Healthcare. Drug development. Space exploration. Furry pron
The people who brought the project to Netflix were let go (see about the 14:00 mark).
Not to mention it often destroys the old more sustainable versions in the time that the new ones are around, so if things end up falling through, costumers are left sol and worse off than before.
There is really some mania involved here. Grandiose thoughts, paranoia, manic spending, risk taking. This might be drug-induced too.
Oh 100 %
Pro tip: if everyone who has worked for the director you're considering for your project says that said director is nuts, *do not hire him!*
I love that Kira keeps coming out with videos of crazy stories I've never heard of.
I just cancelled netflix after learning they always drop good series, like 1899, without ever completing them.
So, I wont waste my time nor my money in something that will be canceled sooner or later.
Still can't get over the fact they cancelled 1899 to this day. Rarely enjoyed a show that much.
Its an honoured american tradition. Either cancel mid story or stretch it out 5ever (without ever resolving ~any~ of the storylines)
The one detail about this story that I really want to know is how did this absolute failure get to a level in this industry where he was on Ridley Scotts radar, while seemingly being absolute poison on set, and a stock market gambler to boot?
Like talent can get you only so far, this man has seemingly had opportunity after opportunity just land on his lap.
I'm guessing with the advertisements, he was heavily reigned in. Like its a short project, simple concepts, strict limits to color inside. And he shined in those cases. Because seemingly any time he had an ounce of freedom, it crashed and burned.
Having read the original article, my guess is that he is very creative and passionate filmmaker, who did have some impressive commercials and is really good at expressing his passion in one-on-one conversations, but is terrible at management and understanding other's needs. That's probably how he can talk executives into giving him money, and why Keanu and Ridley Scott liked him.
It also sounds like COVID, his divorce and the drugs he was taking made him substantially more erratic than he was before. And he was actually competent enough to shoot most of the show, he just went insane during the editing process. If Netflix could actually wrest the video files from his obsessive hands, they could probably have someone else assemble something out of it (though they may be legally unable to do that, given the extreme amount of creative control the contract gave him.) There were definitely warning signs before Netflix handed him the cash, but I can see why they didn't expect it to get THIS bad.
Real talk, this is not even that weird for Hollywood. Dudes like this are borderline invincible here in LA, he will definitely get hired and trusted with similar amounts of money again.
They recently cancelled the only show I was interested in and I'm still pissed about it
Every time they do something dumb like this, I remember they cancelled the dark crystal show despite it doing so well and I Seethe.
All I think about sometimes is the fact that live action Death Note was trash but live action One Piece is actually good. Sometimes I find myself smiling when bad things happen to them because why tf did they do that 😭
They cancel everything.Off the top of my head only Stranger Things is their best long running hit show.Even HBO is struggling to create a big hit since Westworld was canceled.
It is wild to me how a handful of people have managed to be up-and-coming heroes of their industry despite have exclusively failed every chance they got.
At the very start of the video, I guessed "nepotism" as the reason why this guy was able to hang around in Hollywood... and I guessed kinda correctly. This d-bag had the Ridley Scott connection, and I'm sure he milked that for everything it was worth, name-dropping Ridley at every opportunity.
I feel like I have an obligation to not fund Netflix's degenerate blitzscailing, same with Amazon with Rings of Shite.
I've spent some of this year rotating platforms with free/discounted trials. But I can't really find much that is worth watching anymore since it's all quantity over quality.
I thought this couldn't get wilder, then I got hit with "detecting the coronavirus signal emanating from within the Earth."
"Netflix, you're greenlit"
1899! So glad you showed that one. What an amazing show, I'm so frustrated we will never see a second season
This one is tough for me. On one hand this guy is an absolute lunatic, and cheated them out of quite a bit of money. On the other hand...screw Netflix
Why do you feel you were placed in a position of having to take sides?
Netflix's model is 3 seasons, then it's cancelled. Of course, there are exceptions, like Stranger Things or a few other shows. The reason they do the 3 seasons thing is that they lock talent in at a lower rate for 3 seasons. When and if there is a 4th season, they have to renegotiate the contracts, meaning paying out more money. They also believe that 3 seasons of a show is enough content and that it's probably not driving up subs at that point.
Most of the Korean shows are also just one or two seasons - but it works great, because the story is written and planned out in advance. It's done when it's done, rather than being endlessly inflated with nothing as with the current US standard. Milk it 'till it stops giving, eh?
Don't get me wrong, I love some of those log-runners anyway. If they can keep the thing interesting, it's fine. Both pre-planned stories and more "exploratory" stories have their place. The real problem is how bad they seem to be at it :D
Surely he should be in prison for fraud
Speed psychosis is a hell of a thing...
More Kira? A Christmas miracle!
TETSUOOOOOOOOO
ginger jesus
... Sounds like a maniac episode to me. Tough luck for everyone involved, him included.
So what I heard was I need to write a TV show for Netflix 😂
I've seen this story several times now. Kira's done a good treatment here. But the failure of the execs in this should get them all canned. Wild stuff.
I still don't understand how people lost their goddamn minds so much during the pandemic - was it more strict in other countries? The only notable thing that changed for me was that all my appointments were on Zoom :p
Depends where you are in life. It was pretty rough on secondary schoolers, statistics claim, because they're in puberty and their classmates tend to be a huge part of their life, and poof it's all online.
My in-laws (in China) had it rough too. They've been living on a about-to-divorce basis for 20 years now where they can't live with or without eachother and take frequent brakes from eachother while they have their ups and downs. Father-in-law is a moderate alcoholic too and gets hit with the withdrawal if he can't drink at least a glass of wine a day.
When their neighourhood was locked down the 2nd time a chain was put on their door so they couldn't even leave the appartment, and their son my brother-in-law got locked out during and was basically homeless. He really had to make do and his parents knew that too, but they can't do anything.
I'm honestly a bit surprised they didn't either kill eachother or instantly divorced after. Loads of other people did. There was a ton of violence among people forced into crammed appartments for weeks with no place to go.
ya i don't get either. but hen agian i change literally nothing about my life during that time i still went out whenever i wanted still went to tims to get my coffee etc...
I assume that Netflix execs either had never heard of IMDB and Rotten Tomatoes, or else they did not know how to bring up those websites. So stupid.
No offense, but you’re assuming they know what they’re doing.
This has to be one of your best videos. Awesome job!
My country (Hungary) does not even allows me to look this up any more... I wonder why...
Love your content man, always great work
You've missed the funniest part, he's the one suing Netflix, not the other way around. He wants more lmao
He has counter sued them for roughly 14 mil.......🤌🏻
I think this man would have made a better money decision if he took those 10 million that Netflix given him and put it into a sock under the bed.
Netflix deserved every single penny they lost lmao
I look forward to Netflix becoming a black hole in the entertainment universe.
Mindhunter was such a great show!
Indeed. Sad we'll never get the BTK/third season.
They cancelled Ozark as well.Has any Netflix show had a proper finale?Its ridiculous.
What a wild ride. I didnt know this story. Thanks.
Credit in the RUclips description for this video: "Original reporting from John Carreyrou over at NYTimes..."
This is the same John Carreyrou who used to write for the Wall Street Journal. He is such a troublemaker! While he was at WSJ, John Carreyrou broke the story on Theranos, which ultimately led to the bankruptcy of Theranos and the imprisonment of its CEO Elizabeth Holmes and her partner at the time, Sunny Balwani.
How is that troublemaking? Or was that meant tongue-in-cheek?
@@lostsock9852 The latter.
KiraTV I love your journalism. Liked and subscribed!!
Been loving your content. You’ve got such a good voice for these style of videos
they should have made a show of the crazy stuff he was saying! I would definitely watch!
A series based on this guys crazy trajectory and his mania on ritalin would make the 55 million wasted worth it, at least to me anyway... because I'm not the idiot signing these contracts
I know it's not fair to talk about other's mental health problems I can't relate to, but this guy got the world handed to him by Netflix and reacted with a mental meltdown. Like, HOW?
Maybe he went from fearing his career is over to being elated to get a new opportunity to covid halting his production. The rollercoaster might have been too much. And a part of me thinks a guy like him would indulge in cocaine.
He had 43 million dollars in a private account that he had full access to. Perhaps the money went to his head and drove him crazy about what if doom scenarios. Being robbed, making another box office bomb etc. you can Google lottery winners and you will see people who only won 10-25million and somehow spent it in 5-10 years and became homeless with not even a car to show for it.
I think it's mostly drugs, big money and big ego. Because once their needs takes precedence over their health they allow themselves to be irresponsible and the moment they're unable to regulate themselves around drugs they spiral out of control.
And when they sober out they'd rather crash again than face reality. You hear celebrities crashing down their career or even lives for no apparent reason as well.
Mental sickness doesn't care about who you are, where you are, or what you're planning.
I had absolutely no plans for anything wonky, I thought I was a pretty hard guy. And there I was after a debriefing of a completely effed up event already nervous despite first getting yelled at then being given a commendation, cleaning my boots for the 6th time because I'm convinced there's still blood on there, everybody can see it and it marks me as a murderer. Took all of 1 day for people in my sleeping container to notice it and another to be voluntold that I now had meetings with the on-mission psych support, who deserve a lot of props for keeping me together.
Turns out being a conservative religious zealot in a way it could make even Mike Pence stammer "....but why so fundamentalistic?" and all the shaky mental health that goes with that outlook on life and then rushing headlong into a warzone with minimal training is a bad idea, who knew?
Mental issues don't care about you. They happen. All you can do is try to resist it and get out of it.
They did succeed in keeping it out of everyone’s hands!
Yoooo i randomly refreshed a video by mistake and saw this. 2 minutes ago? HYPED
He did mess up, but I'm not a fan of the closing statements.
Yeah it sucks some great shows weren't greenlit for another season, but one of the biggest issues plaguing entertainment these days is no one is taking risks on new ideas. Everything is a sequel, prequel, spin off, or adaptation of a toy or something.
There's gotta be a balance, keep some of the good shows we know and love, and also take a punt on new stuff we don't know we love yet.
Fun fact: Tommy Tallarico was the first music composer ever hired by Netflix.
His mother is very proud of him.
He was the first American to work there, actually
55 million is pocket change for Netflix who spends 17 billion dollars annually on original content. This will be nothing more than a footnote for the company.
The flip side of getting the best shows when every other streaming platform is competing for them, is that when you pass on the bad shows, one of your competitor streaming services could very well take them on. That would result in you having better offerings and them losing a lot of money.
Keep your head up Netflix, you could have spent $225 million on She-Hulk.
Or the about $1 billion on rangs of power...
Bro all the WOKE products are so cringe to watch and they lost so much money, like a lot of billions. People don't want virtue signaling shoved down their throats, they mostly want entertainment.
@@dwavenminerthat was unwatchable, it's so terrible to watch them rewrite and make woke and therefore ruin original legacy intellectual property and franchises. Feelsbadman 😢
Oh no, it would have been ZheHulk, tsk tsk, mind those pronouns lol.
@@dwavenminer😅😂
He was also dating Ridley Scott’s daughter..
Honestly didn't think 47 Ronin was that bad. Surprised it made a loss like that.
Same here. I watched it tripping on acid and I thought it was great
I will never let go of my resentment of Netflix cancelling The OA.
When life is stranger than fiction.
It always is
Great you tube channel... stranger then fiction.. have a look
And definitely more entertaining!
Bipolar and Hollywood, name a better duo
Child-loving and Hollywood
Nice vid kira glad to see you back
I misseed my opportunity to sell Netflix an AI generated script. Now they know about it and will use it to their advantage
😂😂😂😂
At this point I think Netflix would pay millions for a show watching grass grow. You're not out of the money yet.
@@knm080xg12r6j991jhgt I still have time!
Gotta love how Netflix's idea of "taking risks" is blowing over 50 million dollars on a generic sci-fi show being pitched by an absolute psycho whose previous narrative project was one of the biggest box-office bombs of all time.
At this point, literally anybody could run that shitshow of a company better than the current top brass.
You assume they knew he was a psycho upfront.
That would require listening to your subordinates who used to work for him
KiraTV: This is a brilliant documentary movie, and I really loved the end. Thank you.
@4:14 reminded me of the scene from South Park showing a Netflix call center with people answering the phone "Hello, this is Netflix and you are Green-lit. Who am I speaking with?"
Not this channel's tone, I realize, but I was still feeling it.
The main man’s back 🫡
Seeing Kate Capshaw in a RUclips video was not on my bingo card for today. Wow.
I had never even heard of this! very interesting, thanks!
Thanks for the video!
Seems weird they didn't sue him for fraud for the money he spent gambling. How can it not be fraud?
I might be 1 of 10 people out there that actually liked 47 ronin...
I don’t know anything about 47 Ronin but I’m here to comment that if you like Japanese stories about ronin, samurai, etc and haven’t played it- dude you have to play The Ghost Of Tsushima if you have a PlayStation. It takes place in like 1200s Japan and you play a samurai who is fighting off the invasion of the Mongols. My stepdad has been a gamer since the 80s and it’s one of his fav games after I introduced it. I just love that game so I’m commenting this 😁
Film making drama supplants the drama of the films themselves.
His massive purchase of dogecoin along with the GameStop hysteria is what caused dogecoin to explode in value
Honestly, any L Netflix takes is a W in my book.
The thing that sucks about this is that it may damage Keanu's reputation.
Its Keanu reeves, man. He has the same immunity and protection as Johnny Depp. Well-deserved, mind you. A few bad movies and shitty projects wont do much to his reputation.
Nah he’ll always have a good rep
@@om58499 that’s different since that’s not really the actors fault. He played Johnny well
@77Musichunter I doubt it'll affect Keanu's celebrity reputation but it might have some legal complications if he's forced to give a deposition in a lawsuit or fraud trail
You guys are probably right. I'm very biased about Reeves so I'd hate to see any problems come down upon him.
Lolol I got a Netflix sponsored ad on this vid
47 ronin was actually a bigger box office flop than it was pointed out in the video. Theatres showing the film takes 50% of box office in NA and even more in Europe. So for a film to break even it needs to double it’s production cost. So 47 ronin would have needed to make about 400 million.
With a budget like that too the studio will have a lot more influence especially on a first time director. Similar thing happened with the director who did the fantastic four film, they’re not really there to direct. They’re there to be controlled by the studio
I'm happy Netflix spent 55 million so Hulu could make an amazing documentary about it :)
what is the name of the documentary?
There's a guy works down the chipshop who swears he's Carl Rinsch
He cant be down your local chippie...
Because I seen him stacking shelves at my local Asda last weekend.
maybe he's working two jobs?@@zubrhero5270
Kira twisting the knife at the end with the parade of shows that could have been funded.
Offering people 10,000 movies to watch for $15 a month was a get rich quick scheme. Now they’re crying broke… fuck Netflix.
I sure miss when we stream fans were the renegade minority.
Another streaming service should make a documentary about this 😂
I stopped paying for Netflix when they bought Friends, gave Adam Sandler a 7 movie deal and then said “but now we need to raise the fees because we overspent on garbage and a syndicated show.”
13:17 wow, this is insane!! brilliant film, I'm glued to the screen!
Excited for another KiraTV video !
The thing I still appreciate about Netflix is despite losing sometimes, they are willing to give showrunners a sack of money and say "Do what you want, just bring is a show.". This leads to some real shit, but also to real hits.
Love the fact that dogecoin is a parody of block chain investments and actually worked. Even better the craziest bastard of them all made out on it. This is proof the universe is in on the joke that we are living in.
They should turn it into a miniseries about the real story. They could intercut it with bits he filmed for the series. It could be as big as Lion King or the Fire Festival doc.
Netflix are the only ones who can use that footage and their own logos etc. They can interview the insiders. They could even get him involved as part of a deal to lower charges against him.
No pity for netflix, screw those guys.. the amount of things they have bastardized and destroyed are beyond counting, only sad part of this story is them not losing more.
Exactly.
The fact that you were even giving them pity at all. Please go touch grass.
@@DavidKen878 Are you replying to a censored comment?