Man invested $45M in a Nicolas Cage movie. It got stolen off Netflix’s desk.
Summary
Netflix is being sued after an unencrypted drive with an unreleased Nicolas Cage movie called Fortitude was stolen from its offices. The movie’s financier claims Netflix did not protect the drive properly and caused potential financial losses, while Netflix denies responsibility and says the production company did not encrypt the drive as required.Key Facts
- Netflix admits a drive containing the unreleased movie Fortitude was stolen from its office desk.
- The movie was financed by Simon Afram, who invested $45 million to produce it.
- The drive was unencrypted, making its contents accessible to thieves.
- Netflix waited a week before informing the production company about the theft.
- The production company and Afram say Netflix failed to secure the drive and breached their contract.
- Netflix denies liability and claims the production company did not follow security precautions by encrypting the drive.
- Netflix says there is no evidence the movie has been leaked online.
- The lawsuit demands over $112 million in damages and accuses Netflix of ignoring the issue.
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