Netflix Decided That It Was Better To Lose $39 Million Than Keep Kevin Spacey Around

January 23, 2018 / Posted by:

When Kevin Spacey’s alleged history of having zero boundaries became common knowledge, the higher ups at Netflix quickly cut him out of House of Cards, and they killed his Gore Vidal biopic. Netflix might have gotten rid of all traces of Kevin Spacey, but apparently his creepy spirit still haunts the halls of their accounting department.

CNN says that Netflix announced on Monday that they took an “unexpected” $39 million charge for content that they decided “not to move forward with.” Sources close to Netflix tell CNN that the $39 million charge stems entirely from costs associated with the House of Cards switch-up, and the cancellation of the Gore Vidal biopic. I’m glad those sources spilled what they knew, otherwise people would be left wondering how much of that $39 million was from Kevin Spacey’s damage, and how much was from Danny Masterson’s. But based on what I think the production budget of The Ranch is, I would probably have guessed Netflix took a hit of $39.

CNN points out that despite the $39 million loss, Netflix had a great quarter, with a record 8 million new subscribers, and they’re still worth billions. But they may use this loss to respond to Mo’Nique’s money gap issue by saying, “See Mo’Nique? This is why we couldn’t pay you millions for your Netflix special. A psychic told us that Kevin Spacey was going to cost us a ton of money, so…are you buying this excuse or should I continue?


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