Kevin Spacey cost Netflix $39 million


Ridley Scott set a daring example by reshooting major portions of his film All the Money in the World, which was a few weeks away from its release, with Christopher Plummer replacing Kevin Spacey.

One of the main reasons for Netflix's success this year was its Netflix Originals line-up; the amazingly popular Stranger Things 2 aired bringing back millions of viewers from the first season.

The website has admitted to a taking an "unexpected" US$39 million (NZ$53 million) charge on content the production department has "decided not to move on with", CNN reports.

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However, the $39 million write-down only referred to Spacey's projects, MarketWatch reported. But it turns out the cost of not doing business with Spacey is even greater. The scandal badly affected other companies in Hollywood. Recently the company announced that the show will get a final season of a reduced number of episodes without Kevin Spacey, and instead Robin Wright will lead the eight-episode arc.

Actor Anthony Rapp told BuzzFeed in October about an alleged encounter with Spacey at a party in 1986, during which he said Spacey made a sexual advance toward the then 14-year-old Rapp.

House of Cards will now end after season six and Spacey's character Frank Underwood has been written out of the show.

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Netflix is also performing strongly on worldwide markets, adding 6.36 million subscribers, while analysts expect 5.1 million new subscribers.

The charge marred what was otherwise a blowout quarter for Netflix.

Spacey, who is receiving unspecified treatment at a rehab centre in Arizona, is now facing three police investigations for alleged sexual assaults in London.

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As The Hollywood Reporter points out, the removal of Danny Masterson from The Ranch after multiple women accused him of sexual assault would not have contributed to this loss.