Netflix shutters Nancy Meyers rom-com over budget … as streamer did not want to spend $150 million

Netflix has shut down a romantic comedy it had in the works with filmmaker Nancy Meyers over concerns about its budget.

Sources told The Hollywood Reporter that the streamer did not want to surpass a $130 million budget for the movie.

It would have been the first directorial stint for Meyers, 73, since The Intern in 2015, which featured Robert De Niro and Anne Hathaway.

The filmmaker was requesting a budget of at least $150 million for the film, which ‘could have made it the most expensive romantic-comedy of all time,’ according to THR.

Among the stars whose names had been mentioned as possible stars for the Netflix film include Scarlett Johansson, Penélope Cruz, Michael Fassbender and Owen Wilson.

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The latest: Netflix has shut down a romantic comedy it had in the works with filmmaker Nancy Meyers, 73, over concerns about its budget. Meyers was pictured in 2017 in London 

Meyers was set to write, produce and direct the motion picture, which had been referred to as Paris Paramount (though THR said it was unclear if that was a working title for the film).

The project was announced last year, and the casting process had begun, according to the outlet.

The storyline of the movie would have focused on a writer-director who gets into a romance with a producer.

The couple makes a series of hits before going separate ways both personally and professionally. They eventually reunite for a high-profile project involving ‘high stakes and volatile stars’ the outlet reported.

The storyline had been loosely based on Meyers’ experiences, the outlet reported.

She was in a long relationship with Charles Shyer, collaborating on movies including 1980’s Private Benjamin – for which Meyers was previously nominated for a Best Screenplay Oscar – as well as 1987’s Baby Boom, 1991’s Father of the Bride and The Parent Trap in 1998, which launched Lindsay’s Lohan career. 

The filmmaker’s other directorial credits include 2009’s It’s Complicated, 2003’s Something’s Gotta Give, 2000’s What Women Want.

Meyers has received higher budgets in her career for her top-scale production design and big name headliners.

Sources told The Hollywood Reporter that the streamer did not want to surpass a $130 million budget for the movie 

It would have been the first directorial stint for Meyers, 73, since The Intern in 2015, which featured Robert De Niro and Anne Hathaway 

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Meyers and Diane Keaton were pictured at the 2020 Writers Guild Award in Beverly Hills, California