Netflix cancels one of the most expensive and ambitious projects in its history

The streaming platform has canceled the next Nancy Meyers film, “Paris Paramount”, due to its high cost. The film would be directed by the renowned filmmaker who has worked on comedies and romantic dramas, such as “Fashion Intern”, “What do women think?”, “The Holiday” and “Someone has to give in.”

“Paris Paramount” would mark her return to romantic comedy, since Meyers has stayed away from the industry since “The Intern” (2015), and the American director was in talks with a stellar cast that included Owen Wilson, Scarlett Johansson, Michael Fassbender and Penelope Cruz.

The plot of his new film will tell the story of two filmmakers who fell in love and fell out of love before being forced to embark on a new project.

And although it seemed like the ideal project for the platform, Deadline revealed, Netflix rejected the growing budget of “Paris Paramount”, and the streaming service finally chose to shelve the Meyers project.

The company had already set a budget of $130 million, however, the director demanded $150 million.

That is the reason why both parties reached an impasse. Since an agreement could not be reached, “Paris Paramount” will be put on hiatus, although it could be resumed by another company such as Warner.

Although it is worth mentioning that Meyers’ film would not be the most expensive on Netflix, productions like “Red Notice” (2021) with Gal Gadot, Dwayne Johnson and Ryan Reynolds cost $200 million; like “The Gray Man” (2022) with Ryan Gosling, Ana de Armas and Chris Evans.

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