{"id":87415,"date":"2023-11-23T12:43:36","date_gmt":"2023-11-23T10:43:36","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=87415"},"modified":"2025-09-13T11:41:01","modified_gmt":"2025-09-13T08:41:01","slug":"netflix-director-buys-dogecoin-instead-of-filming-a-series-nets-27m","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/netflix-director-buys-dogecoin-instead-of-filming-a-series-nets-27m\/","title":{"rendered":"Netflix director buys Dogecoin instead of filming a series, nets $27m"},"content":{"rendered":"<p>Carl Erik Rinsch, the director of 47 Ronin, received funding from Netflix to shoot a new series and used part of it to buy cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/what-is-dogecoin-doge\">Dogecoin<\/a>. <a href=\"https:\/\/www.nytimes.com\/2023\/11\/22\/business\/carl-rinsch-netflix-conquest.html\">The New York Times<\/a> reports.<\/p>\n<p>According to the publication, from November 2018 to March 2020 the streaming service advanced the director a total of $55 million to develop the science-fiction series Conquest. However, none of the episodes was ever completed.<\/p>\n<p>Meanwhile, $11 million of that sum was invested in the stock market, and he lost almost all of the investments. In May 2021 he bought $4 million worth of Dogecoin on the Kraken exchange and earned $27 million.<\/p>\n<p>He spent the money on five Rolls-Royce cars, Ferraris and expensive Swiss watches from Vacheron Constantin.<\/p>\n<p>Netflix is currently suing Rinsch, accusing him of breaching the contract. The director contends that the fault lies with the company itself, which delayed several payments totaling $14 million.<\/p>\n<p>The proceedings are being held in private. A ruling is expected soon.<\/p>\n<p>Earlier, Vitalik Buterin earned <a href=\"https:\/\/forklog.com\/en\/news\/vitalik-buterin-earned-more-than-4-million-from-dogecoin-investments\">more than $4 million on investments in Dogecoin<\/a>, having bought cryptocurrency for $25,000 in 2016.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Carl Erik Rinsch, the director of 47 Ronin, received funding from Netflix to shoot a new series and used part of it to buy Dogecoin.<\/p>\n","protected":false},"author":1,"featured_media":87416,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1162,99,1779],"class_list":["post-87415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-court-cases","tag-dogecoin","tag-netflix"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87415","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=87415"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87415\/revisions"}],"predecessor-version":[{"id":87417,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/87415\/revisions\/87417"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/87416"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=87415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=87415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=87415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}