Unused Shows Cost Netflix $39 Million After Kevin Spacey Scandal
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Netflix Inc. is lifting the curtain on just how much the sexual harassment controversy is going to cost Hollywood.
The company recorded a $39 million non-cash charge in the fourth quarter, writing down unreleased material. While the streaming-video giant didn’t provide details of what that included, production of Kevin Spacey’s “House of Cards” was postponed in November after the actor became embroiled in scandal, and he was eventually fired.