Kevin Spacey Costs Netflix Millions

Updated On 25 Sep, 2018 Published On

Kevin Spacey, who has been accused of sexual abuse by multiple people, has cost popular streaming sit Netflix tens of millions of dollars. Kevin Spacey is said to have preyed on young men on sets of House of Cards

Kevin Spacey is said to have preyed on young men on sets of House of Cards

Source: TVGuide

Netflix (NFLX) said on Monday that it had suffered a loss of $39 million due to the actor’s behavior. In its letter to investors, the company mentioned "$39 million charge for content” that "we've decided not to move forward with."

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However, the company was not specific about the content it was forced to axe, though sources have said that the company had decided to terminate Spacey’s projects.

The Financial Times first reported Netflix’s decision.

House of Cards, featuring Spacey in the lead, became one of the most successful projects of the company after it debuted in 2013. The actor was said to have turned the sets of House of Cards into a sexual playground, targeting young man. The series will now end in season 6 without Spacey making any further appearances.

Also, see: Kevin Spacey's Financial Status; Detail of His Net Worth, Properties, and Income

Similarly, Netflix has also decided to cancel its plans to release Gore, based on the life of American writer Gore Vidal. The series was already in the post-production phase.

Spacey has been accused by actor Anthony Rapp of making sexual advances when he was just 14.