Netflix is shutting down its Nancy Meyers movie, which was expected to be her first directing vehicle in nearly a decade.
According to sources, Netflix and Meyers could not come to an agreement on the budget. Meyers is said to have asked for a budget of at least $150 million, but the studio did not want to go over $130 million.
It was a steep price tag for a genre that is usually more in the mid-budget range and one that could have made it the most expensive romantic comedy of all time.
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Meyers, who last directed the 2015 Anne Hathaway and Robert De Niro feature The Intern, has commanded budgets on the higher end for the genre and is known for her work with big stars such as Jack Nicholson and Meryl Streep. She is also known for her Architectural Digest-worthy production design.
The romantic comedy had Scarlett Johansson, Penélope Cruz, Michael Fassbender and Owen Wilson circling roles, with Meyers writing, directing and producing the film known as Paris Paramount.
The project had parallels to Meyers’ life. She and fellow writer-producer Charles Shyer had a longtime romantic and professional pairing, working on films such as Private Benjamin, Baby Boom, The Parent Trap and Father of the Bride. After they split, Meyers wrote and directed features such as What Women Want, Something’s Gotta Give and The Holiday.
