Billed as Netflix's most expensive film yet, The Gray Man is expected to cost the streaming service $200 million (Dh734.5m) to make. However, as the title marks the beginning of a series in the style of the James Bond franchise, it is clear the streaming platform has the long game in mind. But this is not the first time Netflix has spent big money on a project. We take a look at some of its most expensive films to date.
1. 'The Gray Man'
The Gray Man, which stars Ryan Gosling and Chris Evans, will be directed by Joe and Anthony Russo, the filmmakers behind Avengers: Endgame.
The film will detail a deadly feud between assassin Court Gentry (Gosling) and his former CIA cohort Lloyd Hansen (Evans), as Gentry tries to save the lives of his daughters, who don't know he exists. According to Deadline, Gosling is expected to reprise the role of Gentry in future instalments.
"The movie is a real mano a mano between those two great actors who represent two different versions of the CIA, in what it can be, and what it can do," Anthony Russo told Deadline. "For those who were fans of Captain America: Winter Soldier, this is us moving into that territory in more of a real-world setting. That's what this movie really means for us."
2. ‘Bright’
It seems like yesterday that Bright was released to the streaming platform.
It was an ambitious project, costing $90m, but it failed to impress critics, ending up with a Rotten Tomatoes score of only 28 per cent.
Netflix maintains, however, that the film was a hit with its subscribers. Shortly after its release in 2017, executives claimed the film was one of the most-watched originals produced by the streaming company, across both film and TV.
3. ‘Triple Frontier’
Starring Ben Affleck, Oscar Isaac and Pedro Pascal, Triple Frontier cost an estimated $115m to make.
But the film, about former Special Forces operatives planning a heist, seemed to be worth it, as it became the eighth-most popular Netflix film to be released, with 63 million views in its first four weeks.
4. ‘6 Underground’
With a budget of $150m, there was nothing stopping Michael Bay from crashing cars and detonating explosives to his heart's desire in 6 Underground.
6 Underground, which was partially shot in Abu Dhabi, is the fourth most popular Netflix film of all time, raking in more than 80 million views in the first four weeks of its release.
5. ‘The Irishman’
With Martin Scorsese at the helm and a star-studded cast including Robert De Niro and Al Pacino, Netflix probably didn’t flinch at the $159m budget assigned to the film; even if a large chunk of the money went to the de-aging technology used to make the cast look younger.
The Irishman was, by all accounts, a hit with both critics and audiences. The film was nominated for 10 Oscars in 2020 and had more than 64 million views in its first four weeks of release.
6. ‘Red Notice’
This upcoming action comedy thriller stars Dwayne Johnson, Gal Gadot and Ryan Reynolds.
The film's release date is still unknown, mainly because production was postponed this year because of the coronavirus pandemic. The budget has also not been confirmed, but is estimated to run to about $175m. The film tells the story of an Interpol agent (Johnson) who tries to capture the world's most wanted art thief (Gadot).
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UAE currency: the story behind the money in your pockets
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Stree
Producer: Maddock Films, Jio Movies
Director: Amar Kaushik
Cast: Rajkummar Rao, Shraddha Kapoor, Pankaj Tripathi, Aparshakti Khurana, Abhishek Banerjee
Rating: 3.5
Ten tax points to be aware of in 2026
1. Domestic VAT refund amendments: request your refund within five years
If a business does not apply for the refund on time, they lose their credit.
2. E-invoicing in the UAE
Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption.
3. More tax audits
Tax authorities are increasingly using data already available across multiple filings to identify audit risks.
4. More beneficial VAT and excise tax penalty regime
Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.
5. Greater emphasis on statutory audit
There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.
6. Further transfer pricing enforcement
Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes.
7. Limited time periods for audits
Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion.
8. Pillar 2 implementation
Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.
9. Reduced compliance obligations for imported goods and services
Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations.
10. Substance and CbC reporting focus
Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity.
Contributed by Thomas Vanhee and Hend Rashwan, Aurifer
Babumoshai Bandookbaaz
Director: Kushan Nandy
Starring: Nawazuddin Siddiqui, Bidita Bag, Jatin Goswami
Three stars