The Cloverfield Paradox: What Netflix reportedly paid to acquire 'unsalvageable' film from Paramount

Reports suggest the film studio made a profit before it was even released

Jacob Stolworthy
Wednesday 07 February 2018 11:40 GMT
The Cloverfield Paradox - trailer

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Netflix reportedly paid a staggering amount of money to release The Cloverfield Paradox as a surprise on Monday (5 February).

The streaming service dropped the third film in the Cloverfield series following Super Bowl 51 - mere hours after its first trailer - having acquired the project from Paramount Pictures who had originally planned to release the film, originally titled God Particle, in April.

It's now been reported that Netflix paid $50m for the privilege.

Directed by Julius Onah, the J.J. Abrams-produced project - reportedly budgeted at $40m - is set in the year 2028 and follows a crew of space cadets in a bid to provide an ailing Earth with infinite energy.

Following its release, the film has found itself at the centre of negative reviews (read ours here) having failed to capitalise on the praise heaped upon 2008 film Cloverfield and its surprise follow-up 10 Cloverfield Lane which was released in 2016. Its Rotten Tomatoes score currently sits at 20 percent.

According to The Hollywood Reporter, Paramount had deemed the film "unsalvageable" despite the film's stellar cast including Gugu Mbatha-Raw, Daniel Brühl, David Oyelowo and Elizabeth Debicki.

Last month, it was reported that Netflix took a $39m hit firing Kevin Spacey from political drama House of Cards following the accusations of sexual misconduct made against him.

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