Netflix Spends $39 Million To Fire Kevin Spacey
Netflix has announced in its fourth-quarter 2107 earnings that they lost $39 million due to the 'societal reset around sexual harassment.'
According to CFO David Wells, the heavy loss was connected to content write-downs, which are not uncommon for Netflix.
Netflix did not specify which content was responsible for the loss, but according to CNN Money, an insider told them that it's from cancelled Kevin Spacey projects.
In 2017, Netflix announced that "House of Cards" will resume production in 2018 without Spacey.
According to the company, the sixth and final season of the show will consist of just eight episodes and will focus on Robin Wright’s character, Claire Underwood.
The announcement came after Netflix fired Spacey, who was accused of making unwanted sexual advance toward a 14-year-old boy in the 1980s.
Netflix also scrapped its planned biopic of Gore Vidal starring Spacey in the wake of the sexual-assault allegations against the actor.