Netflix shelves Nancy Meyers’ upcoming film Paris Paramount, her first feature since 2015’s The Intern, over concerns about an exorbitant budget.
Netflix has shelved Nancy Meyers' upcoming film Paris Paramount over budgetary concerns. Meyers is known for her romantic comedies and dramas, such as What Women Want, The Holiday, and It's Complicated. Paris Paramount was set to be her first film since 2015's The Intern, with Meyers already in talks with a stellar cast that included Owen Wilson, Scarlett Johansson, Michael Fassbender, and Penélope Cruz.
SCREENRANT VIDEO OF THE DAY As reported by Deadline, Netflix became weary of Paris Paramount's growing budget, with the streaming service ultimately opting to shelve Meyers' project. Netflix agreed to a budget of $130 million, but the director was pushing for $150 million, with the two coming to an impasse. Since an agreement couldn't be reached, Paris Paramount will be put on pause.
Paris Paramount was lining up a star-studded cast of its own, which makes it an enticing project for a studio that offers audience appeal. Despite an impressive pedigree, Netflix is being frugal with expenditures following their own financial concerns; the service has seen subscriptions dwindle and is now attempting to crack down on password sharing. However, another streaming service or a studio looking for a broad-appeal romantic comedy for theaters may yet see value in Paris Paramount.
Meyers' name carries weight, and when combined with a glitzy cast, she has proven successful. Another streaming service, such as Prime Video, Hulu, or Apple TV+, may swoop in to save the film. However, Meyers may have to continue to fight for the reported $150 million budget, which may be steep for most streamers. Therefore, while Paris Paramount's future is unknown, Meyers and her talented cast could still find a home elsewhere.
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