Kevin Spacey continues to cost millions in revenue losses for Hollywood.
Netflix reported a loss of $39 million last quarter — and it looks like it can thank Kevin Spacey for the bill.
The company announced the Q4 loss on Monday, citing “unexpected” costs due to “unreleased content.” Chief Financial Officer David Wells gave another hint at the source of the revenue loss, saying it was, “related to the societal reset around sexual harassment.” No one named names, but an unnamed CNN source confirmed the cause was “axed Kevin Spacey projects.”
Spacey was also slated to star in Gore, the Gore Vidal biopic they had planned with director TK. The disgraced actor also cost Imperative Entertainment $10 million, after Ridley Scott recast and reshot all of Spacey’s scenes from All the Money in the World.
But Spacey wasn’t the only accused sexual predator that could have been attributed to Netflix’s write-down for “unreleased content.” The streaming mogul also cut an upcoming Louis C.K. stand-up special after he admitted to assaulting five women. Four allegations of rape against Danny Masterson (from That 70s Show) also halted production on another Netflix Original, The Ranch. Like House of Cards, it is slated to resume filming without its lead actor.
It’s clear that, in the wake of the #MeToo movement, doing the right thing comes with an initial price tag. But a great way to avoid these kinds of costs in the future is, you know, not hiring serial predators in the first place, and creating stricter guidelines to ensure safe work environments.
Of course, monetary losses are the least of anyone’s worries when you consider the cost to victims of abuse.
And let’s be real: What Netflix has gained in making Robin Wright the new star of House of Cards‘ final eight episodes is priceless.
“One of the most popular movies in the U.S. is a terrible teen rom-com called “The Kissing Booth,” and it’s not in theaters. Instead, this Netflix Original with its paltry 17 percent critics’ score on Rotten Tomatoes, shot up to become the No. 4 movie on IMDb, before more recently dropping down to No. 9. Its leads, Jacob Elordi and Joey King, also became the No. 1 and No. 6 most popular stars on IMDb’s StarMeter, respectively, shortly after the film’s launch.
The secret to the movie’s success, however, is not just a combination of teenagers’ questionable taste in entertainment and the power of Netflix’s distribution — though both play a major role, clearly.
Instead, it’s that “The Kissing Booth” is tapping into a built-in audience: teenage Wattpad users.
In case you’re not familiar, Wattpad is an online site…..”
You can still catch one of Chef Anthony Bourdain’s well-loved shows on Netflix.
Image: Getty Images
As the world continues to reel from the tragic death of Anthony Bourdain, many fans have been revisiting his great work, from books to television. Now Netflix has announced it’ll still be easy for fans to do so on its streaming service.
The run of the chef’s CNN series, Anthony Bourdain: Parts Unknown, was to leave the streaming service on Saturday, June 16. But Netflix announced on Tuesday afternoon that they’ve reached an agreement to continuing offering the series for an indefinite amount of time.
Some fans have noticed that Anthony Bourdain: Parts Unknown was scheduled to come off Netflix US on June 16. As of today, we’ve extended our agreement that will keep Parts Unknown on the service for months to come.
Mashable has reached out to Netflix for additional details on the new deal.
The show ran for 96 episodes over 11 “seasons” beginning in 2013. CNN is airing the final episodes throughout the month of June. Bourdain was filming an episode of the show in France when he died.
Parts Unknown is an important part of Bourdain’s legacy because it represents what he did so well: using his fame and platform not just to expose viewers to different cultures through the lens of food, but to educate them as well, making the world just a little bit smaller.