Why Netflix Canned Nancy Meyers’ $130 Million Rom-Com | Analysis

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As one top agent tells TheWrap, the “Paris Paramount” director’s reputation for “budget issues” isn’t a fit for the streaming giant or the industry right now

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Director Nancy Meyers (Getty Image)

Twas the budget that killed Nancy Meyers’ latest romantic-comedy, one top talent representative told TheWrap.

Word dropped Tuesday afternoon that Netflix isn’t moving forward on “Paris Paramount,” a romantic comedy that was expected to star Scarlett Johansson, Owen Wilson, Michael Fassbender and Penelope Cruz about a filmmaking duo who reunite on set after falling in and out of love with one another. Meyers, who hasn’t directed a feature since Anne Hathaway and Robert De Niro’s “The Intern,” wanted a budget of $150 million, while Netflix drew the line at $130 million, an insider told TheWrap.

“That sounds like too high of a budget for [Netflix],” a well-respected film director told TheWrap on what they would consider to be a medium-budget movie.