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.”
Following reports that Spacey had sexually harassed and assaulted employees on the set of House of Cards in November, the streaming service announced it was severing ties with the actor. Production on the sixth season of the show was temporarily suspended, resuming after Netflix announced the final season would continue without its leading star.
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.
Private Life Netflix Movie Trailer
The new film from Academy Award-nominated filmmaker Tamara Jenkins (The Savages, Slums of Beverly Hills), PRIVATE LIFE is the bracingly funny and moving story of Richard (Academy Award-nominee Paul Giamatti) and Rachel (Kathryn Hahn), a couple in the throes of infertility who try to maintain their marriage as they descend deeper and deeper into the insular world of assisted reproduction and domestic adoption. After the emotional and economic upheaval of in vitro fertilization, they’re at the end of their middle-aged rope, but when Sadie (breakout newcomer Kayli Carter), a recent college drop out, re-enters their life, things begin to look up.
Netflix’s spooky ‘Sabrina’ trailer is nothing like the ’90s sitcom you remember
If you’re a fan of the sitcom Sabrina the Teenage Witch…Netflix’s Chilling Adventures of Sabrina may not be for you.
The first trailer for this dark take on the powerful teen (from the makers of Riverdale) promises creepy woods, minotaurs, the occult, and a terrifying cover of “Happy Birthday.” And it’s just a teaser!
Chilling Adventures of Sabrina stars Kiernan Shipka (Mad Men), whose half-human half-witch identity clashes along with the magical and mortal worlds. A far cry from its ’90s cousin, Netflix describes CAOS as “tonally in the vein of Rosemary’s Baby and The Exorcist.” So…no animatronic cat?
Chilling Adventures of Sabrina hits Netflix Oct. 26.
Netflix’s Quincy Jones documentary drops trailer with too many legendary stars to count
“Quincy Jones has too many awards, accolades, and accomplishments to list.
And the legendary musician and film producer’s upcoming Netflix documentary, directed by his own daughter Rashida Jones, features almost as many stars.
The trailer for Quincy shines a spotlight on the influence he had on some of the most talented people in the entire entertainment industry: Oprah Winfrey, Kendrick Lamar, Will Smith, Lady Gaga. And we heard a little Barack Obama moment in there too.
But the doc appears to focus on his life both before and after becoming the iconic Quincy Jones.
You can catch it on Netflix Sept. 21.”
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