Netflix closes highest first purchase deal with celebrity star at Cannes…here are the deets

Netflix, the world’s largest streaming platform, has acquired its first major purchase at Cannes and it is at a whooping $50 million and more. It has closed a deal for worldwide rights for “Pain Hustlers” that will star celebrity actor Emily Blunt.

The project will be helmed by David Yates and the feature will have screen play by Wells Tower. The producer is Laurence Grey under his production house Grey Matters Production as well as Wychwood Pictures (David Yates and Yvonne Walcott Yates).

If you are thinking, what the story line in “Pain Hustlers” will be? Then, the answer is simple. The official story says that the movie follows the life of a high school dropout, Liza Drake. This role will be played by Emily Blunt. She gets a job with a failing pharmaceutical startup that is based in a yellowing strip mall, located in Central Florida.

Liza uses her charms as well as her drive to raise the profile of the startup as well as herself into high life, as she wishes to improve her and her young daughter’s life. However, life becomes difficult rather than easy as she lands up in the center of a criminal conspiracy that has deadly consequences. The movie project is said to resemble movies such as the “Wolf of Wall Street,” “The Big Short” and “American Hustle.”

Deadline, which had first reported the sale, said that negotiations had been on for days between the streaming platform and CAA Media Finance and The Veterans who were representing the film at Cannes. Neither of the two partners in the deal have responded when asked for confirmation of the deal. Production is scheduled to begin of August 2022.

Netflix has faced dismal results in the first quarter of the year. It has lost 200,000 subscribers and has also forecast an additional loss of 2 million in the next quarter. A few days ago, 150 employees lost their jobs. Will Pain Hustlers help the streaming platform regain some of its earlier gains and decrease its losses? It will be a long wait and watch…to get an answer to this question.

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