Netflix writes off $39m in content over sexual harassment scandals

2018-01-25 18:00

Cape Town – When Netflix announced its 4th quarter earnings of 2017 late on Tuesday, the global video streaming service also revealed that it wrote off a whopping $39m in content it commissioned and that were in stages of being produced, but that it won't be showing anymore.

Netflix CFO David Wells said the write-down of $39m was "related to the societal reset around sexual harassment" and that Netflix never "had one of this magnitude".

Part of this $39m is the scandalous fallout of the alleged sexual predator Kevin Spacey who was fired from the 6th season of House of Cards. The show has been cancelled and the final season reduced from 13 to just 8 last episodes.

Seasons of House of Cards in South Africa is broadcast on M-Net (DStv 101). The channel acquired the broadcasting rights to this show and Orange is the New Black from Netflix.

There's also at least one other Kevin Spacey project that Netflix abandoned as well, the biographical Gore Vidal movie in which Kevin Spacey would have appeared.

Netflix also dumped Louis CK who was to film a second stand-up special for Netflix after sexual misconduct charges in November 2017.

The internet TV network also suspended production on the 3rd season of The Ranch after Danny Masterson left the show after rape accusations were made against him. Production will resume without him in a few weeks' time. (Read more here)

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