Nancy Meyers Reveals What She Knows Regarding Fate Of Her Upcoming Film

Wake up, coastal grandmothers: Nancy Meyers has just posted about her newest film on Instagram!

The legendary romantic comedy mastermind, known for such films as "Father Of The Bride" (1991), "The Holiday." "Something's Gotta Give," and "The Parent Trap" (1998) among others, received some concerning news about her latest film earlier this week.

Meyers' new film, called "Paris Paramount," was previously set to be distributed by Netflix. However, the streaming service is no longer involved with the film. The reason is reportedly due to budget concerns.

On Saturday, Meyers addressed the uncertainty around "Paris Paramount," which has some big names involved, in an Instagram post. The writer and director reveals the information she does know about the film's fate.

For anyone following streaming service news, it is no secret Netflix has experienced a difficult year. The headlines about the streamer from the past year revolve around employee layoffs, hit show cancellations, and password-sharing woes.

The Hollywood Reporter details Meyers was reportedly unable to agree with Netflix regarding the film's budget. The outlet also shares Meyers had been reportedly seeking "at least" $150 million for a budget.

However, Netflix reportedly capped its allotted budget at $130 million.

"Paris Paramount" was set to be Meyers' first directorial film since 2015. Meyers' last directed film was "The Intern" starring Anne Hathaway.

THR also reports Scarlett Johansson, Penélope Cruz, Owen Wilson, and Michael Fassbender were tentatively set to be involved with the film, which Meyers would also be writing and producing it, as well as directing it.

The news generated mounds of backlash online.

Netflix's decision dominated Twitter conversation, with many users weighing in.

Journalist Courtney Howard tweeted, "Netflix dragging their feet on approving the budget for a Nancy Meyers feature, having given male directors like Martin Scorsese ($140m) & Michael Bay ($150m) free reign, says a lot about who they do & do not consider auteurs. Give this woman her lavish prestige romcom."

Writer Joe Reid tweeted, "Oh so you'll bail out the Silicon Valley fat cats but not humble Nancy Meyers OKAY, COOL COUNTRY."

...Maybe!

On March 16th, Deadline reported Warner Brothers might pick up the film; the studio is reportedly in "early talks" to attach itself to the film.

The outlet also mentions how Warner Brothers and Meyers have "strong ties" together, as they worked on "The Intern."

Meyers did her part to curb curiosity about the film.

Posting a quote from Ernst Lubitsch, the director went into further detail in the caption.

"There's been a lot written about my new film. [dead face and star emojis] Here's one thing I can easily clear up- and that's the title- PARIS PARAMOUNT. It's a quote from the brilliant and elegant comedy director (dare I say creator of the romantic comedy) Ernst Lubitsch. This movie is about a group of people making a film and the magic and mystery of what we do. As always, Lubitsch said it best."

As of this writing, Warner Brothers has not confirmed its involvement with the film.