Netflix scraps Nancy Meyers’ Paris Paramount over budget disagreements

Fans of filmmaker Nancy Meyers will have to wait a little longer for her next feature as Netflix has shelved the director’s new project ‘Paris Paramount’. Last week it was reported that Meyers is in talks to star in a comedy film alongside Hollywood stars Scarlett Johansson, Penelope Cruz, Michael Fassbender and Owen Wilson. According to entertainment news outlet Deadline, the reason for the project falling apart was its budget, which was reported to be around $130 million (roughly Rs. 1,100 crores).

Sources told the publication that Netflix and Meyers could not come to an agreement on the budget. Meyers was said to have asked for a budget of at least $150 million (roughly Rs. 1,200 crores), but the studio didn’t want to go over $130 million (roughly Rs. 1,100 crores). The story of ‘Paris Paramount’ revolves around an upstart film production duo who reunite on the sets after falling in and out of love for each other.

Meyers, known for popular titles like It’s Complicated, The Holiday and The Parent Trap, also wrote the screenplay for the film. The film would have marked his first full-length feature film as a director since 2015’s The Intern starring Robert De Niro and Anne Hathaway. As of now, there is no word on whether the film will be pitched to other potential studios.

Netflix announced its film slate earlier this year, promising to release at least 49 films in 2023. From India, the streaming platform is all set to release Chor Nikal Ke Bhaag starring Yami Gautam and Sunny Kaushal on March 24. March is Adam Sandler and Jennifer Aniston starrer Murder Mystery 2, which is set to release on March 31.