Director YOLO’d $4M of Netflix budget into Dogecoin, made $27M

The director of Netflix’s sci-fi series Conquest reportedly used $4 million from the show’s budget to bet on Dogecoin and made $27 million in the process. Now the director, Carl Erik Rinsch, wants another $14 million from Netflix, according to a Nov. 22 report in The New York Times citing a confidential arbitration proceeding. The New York Times report details the behind-the-scenes drama of Rinsch’s sci-fi Netflix series Conquest, which the streaming giant doled out $55 million to make but has yet to receive an episode. According to financial statements obtained by The New York Times, Rinsch used $10.5 million from the fresh funding to gamble on the stock market.

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