Photo: Vera Anderson/WireImage
Nancy Meyersfans might have to wait a little longer for her return to movies.
On Tuesday,The Hollywood Reporter, citing sources, reported that Netflix will no longer be producing Meyers' next film after the studio and writer/director, 73,could not come to an agreement on a budget. The outlet previously reported the reported budget would have made the film themost expensive romantic comedy ever madeout of Hollywood.
Meyers, who’s behindFather of the Bride(1991),The Parent Trap(1998) andThe Holiday(2006), wanted a budget that of around $150 million for the untitled project, while Netflix did not want to commit to a budget that went beyond $130 million, according to the outlet.
Representatives for Netflix and Meyers did not immediately respond to PEOPLE’s requests for comment Wednesday.
The project is titledParis Paramount, though it’s unclear whether that’s a working title for the movie or its final title. Actors likeScarlett Johansson,Penélope Cruz,Owen Wilsonand Michael Fassbender were reportedly in negotiations to star, according toTHRandPuck News.
Prior to news that Netflix has ditched the project over budget concerns, Puck also reported that Meyers' team had told Netflix “it would be hard” to produce the film for less than $150 million.
Beck Starr/WireImage
Jennifer Lawrencewas at one point in talks for the lead role in the film, but she dropped out due to unknown reasons,THRreported.
Never miss a story — sign up forPEOPLE’s free daily newsletterto stay up-to-date on the best of what PEOPLE has to offer, from juicy celebrity news to compelling human interest stories.
Meyers, who has not directed a feature film sinceThe Intern(2015), was set to write, produce and direct the movie for Netflix, which Puck previously described as a “semi-autobiographical rom-com.”
In 2019, Meyers told Mindy Kaling during atalk at the Produced By conferencethat she was “taking a break” from working.
“The business has changed in a way that is somewhat unrecognizable to me,” she said at the time, perTHR. “I am not sure how much I want to do it.”
source: people.com
