A report claims Netflix paid $50 million to Paramount Pictures for the rights to The Cloverfield Paradox, which allowed the online giant to bypass the planned theatrical release of the sci-fi thriller.
The biggest to date came Tuesday, when sources told THR that Netflix paid Paramount $50 million for the film, with the studio retaining home entertainment distribution rights, as well distribution rights in China.
After the dust settles from the reviews, it will be Netflix’s turn to determine whether the $50 million it paid for The Cloverfield Paradox (if that amount turns out to be accurate) was a risk worth taking.
With each passing day, more details about The Cloverfield Paradox are emerging.