Netflix sued for allegedly losing unreleased Nicolas Cage movie

Core Impact Points

• The film, which took over seven years to make and cost $45 million, stars Nicolas Cage as a real-life spy during World War II.
• The plaintiffs claim that Netflix's loss of the master copy has undermined the film's commercial prospects and will now dissuade studios from buying the rights to the movie.
• A Netflix spokesperson disputes the claim, stating that the company does not bear the risk of loss for a film delivered without proper industry-standard safeguards.
• The lawsuit alleges that Netflix's employee deleted the files after the screening, and the company later emailed the filmmakers to say the drive had been stolen.
• The plaintiffs are seeking $105 million in damages, claiming that the loss of the master copy has destroyed the film's exclusivity and impaired its marketability.
• The case highlights the importance of content security in the film industry and the potential consequences of losing sensitive information.