How 'Carl Rinsch' Blew $11M of Your Money on a Netflix Show, Perfume, and a Custom Ferrari
A Hollywood producer named Carl Rinsch, once hailed as the next big thing, just cost Netflix—and indirectly, you—a staggering $11 million. Here’s the kicker: the show never aired. Instead, Rinsch allegedly used the cash to buy a fleet of luxury cars, a custom Ferrari, a superyacht, high-end watches, and even launched a perfume line. If you think your streaming bill is too high, this is exactly why. That 8% price hike you saw last year? Part of it likely went to fund a ghost project that left viewers with nothing but a Hollywood-style bill. The Rinsch saga is a stark reminder: every time you hit "subscribe," you're betting on a studio's due diligence. And right now, the house is losing your money.