Man invested $45M in a Nicolas Cage movie. It got stolen off Netflix’s desk.
Summary
Ars Technica reports on a lawsuit where Op-Fortitude and Simon Afram allege Netflix failed to secure an unreleased film screener that was stolen from Netflix offices. The complaint accuses Netflix of leaving an unencrypted drive on an office desk and delaying notification to the production company, with plaintiffs seeking damages potentially up to 2.5x the production budget (at least $112.5 million) plus other penalties. Netflix disputes liability, arguing that the drive was not protected and that the company has already taken steps to monitor piracy; it contends the production company is attempting to extort money with a demand of $165 million.