Nancy Meyers’ high-budget rom-com has been cancelled at Netflix.
It appears Nancy Meyer's lengthy hiatus is going to continue for longer than expected. In an unfortunate turn of events, Netflix has pulled the plug on Meyer's big-budget film, Paris Paramount which was supposed to bring the rom-com maestro out of retirement. The news comes as a surprise given that Netflix recently boarded the project only to exit the project just a few weeks later. According to reports, the reason behind the streamer's decision was due to budget disagreements.
When Netflix green-lit the project, it was revealed that the project was looking to receive a jaw-dropping budget estimated between $130 and $150 million. Reports say the streamer pegged the limit at the lower end, but Meyer's team pushed for a little bit more. Failure to find common ground saw the two inadvertently part ways. At $130 million, Paris Paramount would have overtaken James L.
COLLIDER VIDEO OF THE DAY Amid the severe cost-cutting wave that continues to sweep across Hollywood, leading to many heartbreaking outcomes for fans, Netflix's fears are understandable as companies are increasingly under pressure to break even. As How Do You Know proves, a big budget and a star-studded cast is not always a guaranteed recipe for success.
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