Could Sexual Assault Allegations Be Largely Responsible For Netflix’s $39 Million Write-Down?

Last year saw the beginnings of a long overdue change in Hollywood. Some big players in the industry had, for decades, been using their influence to prey on men and women alike. Harvey Weinstein was the real bigwig that got things going, but one other big name that suffered a catastrophic fall was House of Cards star Kevin Spacey.

The actor was accused of making sexual advances on Star Trek: Discovery star Anthony Rapp when Rapp was underaged, and many others have come out since then to accuse him of sexually predatory behavior.

RELATED – Edgar Wright Comments On Kevin Spacey Allegations

Netflix was quick to act on these accusations. They suspended production for the sixth and final season of House of Cards, and later fired Spacey, opting to rewrite the season (after having already been in production for a bit) with co-star Robin Wright in the lead. But how much did all this cost them?

Netflix has announced that they’ve taken a $39 million write-down related to content. This means they’ve essentially spent that much money on content that will never see the light of day.

It’s unclear just how much of this could have been due to Kevin Spacey’s allegations, but it wouldn’t be a surprise if a sizable chunk had been due to the high profile nature of the accusations.

We also can’t ignore Netflix pulling Louis CK’s special, as well as them having to redirect their resources after The Ranch’s Danny Masterson was also accused. While Netflix has had a great year, there is no denying that these accusations had a real economic impact on the industry.

Don’t forget to share this post on your Facebook wall and with your Twitter followers! Just hit the buttons on the top of this page.

SOURCE: Variety

GenreVerse Have you checked out LRM Online’s official podcast feed yet The Genreverse Podcast Network? This includes our premiere podcast The Daily CoGBreaking Geek Radio: The Podcast, GeekScholars Movie News, Nerd Flix & Chill, Marvel Multiverse Mondays, Anime-Versal Review Podcast, and our Star Wars dedicated podcast The Cantina. Check it out by listening below. It's also available on all your favorite podcast apps! Subscribe on: Apple PodcastsSpotify |  SoundCloud | Stitcher | Google Play

Joseph Jammer Medina

Joseph Jammer Medina is an author, podcaster, and contributor at LRM Online. A graduate of Chapman University's Dodge College of Film and Television, Jammer's always had a craving for stories. From movies, television, and web content to books, anime, and manga, he's always been something of a story junkie.

Read Previous

Rise Up! Pacific Rim Uprising Gets New Poster, New Trailer Hits Tomorrow

Read Next

Uncharted Producer Gives Update On Project, Film Has New Writer

This website is using Google Analytics. Please click here if you want to opt-out. Click here to opt-out.