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Netflix Priced Itself Out of the Nancy Meyers Business

Netflix film chief Scott Stuber has passed on the rare opportunity to spend $150 million on a Nancy Meyers romantic comedy.
Netflix film chief Scott Stuber has passed on the rare opportunity to spend $150 million on a Nancy Meyers romantic comedy. Photo: Fred Duval/FilmMagic
Matthew Belloni
March 16, 2023

Wait, wasn’t CAA’s Bryan Lourd supposed to be able to bend studios to his will? That was the lesson of Scarlett Johansson’s mid-pandemic standoff with Disney over Black Widow, right? Johansson, a Lourd client, was forced by C.E.O. Bob Chapek to sue for her box office bonuses, and 18 months later, ScarJo got paid, Chapek was out, and Lourd was celebrating himself as dealmaker of the year. With CAA gobbling up ICM Partners and Lourd stealing Charlize from Ari Emanuel, he sent an unsubtle message to executives who dared to say no to him: Don’t.    

But now that Netflix film chief Scott Stuber has passed on the rare opportunity to spend $150 million on a Nancy Meyers romantic comedy, $20 million more than Stuber was prepared to shell out, Lourd finds himself in fix-it mode on another movie money blowup involving Johansson, one that also says a lot about the state of the industry. And in this fight, Lourd, Meyers’ lead agent Craig Gering, and the rest of Team CAA, don’t seem to have the town on their side.