Netflix has announced that it will no longer be moving forward with the production of Nancy Meyers’ Paris Paramount due to disagreements over the film’s budget. Meyers, known for her romantic comedies like “The Holiday” and “Something’s Gotta Give,” had been set to direct the film, which was set to star Diane Keaton and Kevin Kline.
According to sources, the project was cancelled after Meyers and Netflix failed to come to an agreement on the film’s financing. While Meyers was reportedly seeking a higher budget in order to fully realize her vision for the film, Netflix was unwilling to provide the necessary funds.
“Unfortunately, we were unable to come to an agreement with Nancy Meyers on the budget for Paris Paramount,” a Netflix spokesperson said in a statement. “We love Nancy’s work and hope to collaborate with her on future projects.”
The news has come as a disappointment to fans of Meyers’ work, many of whom were excited to see her return to the director’s chair for the first time in several years. However, Meyers herself remains optimistic about the future, saying in a statement, “I’m disappointed that we weren’t able to make Paris Paramount with Netflix, but I’m excited to explore other opportunities and bring new stories to audiences.”
This is not the first time that Netflix has cancelled a major production due to budgetary concerns. In recent years, the streaming giant has been known for taking risks on high-profile projects, but has also faced criticism for pulling the plug on certain films and series, sometimes with little warning.