According to Deadline, its decision to cancel two projects following the accusations of sexual harassment and misconduct made against him saw the streaming service take a reported $39m hit.
While CFO David Wells remained tight-lipped on the actual sum during an earnings interview, sources claim that this was the amount of money on the table for Spacey's Gore Vidal biopic Gore and the sixth and final season of House of Cards.
Spacey had completed work on Gore which is now said to have been shelved while House of Cards will continue with Robin Wright taking sole lead duties as Claire Underwood. It's unclear how Spacey's character Frank will be written out when the show returns later this year.
Netflix's decision to cancel a Louis C.K. special following a damning New York Times article detailed allegations of sexual misconduct - something the comedian later admitted to - may also account for the loss.
During the earnings interview, Wells explained that write-downs are to be expected but that this was Netflix's first of this magnitude - a mandatory turn of events “related to the societal reset around sexual harassment.”
Following the allegations against Spacey, director Ridley Scott cut his performance of John Paul Getty III in drama All the Money in the World - he was replaced by Christopher Plummer.
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