A new Netflix earnings report from the end of 2017 reveals that the streaming giant took a staggering $39 million write-down in disbanding the relationship with Hollywood abuser Kevin Spacey, both in shortening the final House of Cards season and shelving the actor’s Gore Vidal biopic.
The rest of Netflix’s earnings report and a banner 2017 overall should dispel any major concerns about the $39 million write-down.
Stay tuned for more on House of Cards’ final season in the meantime.
These types of business write-downs are an ongoing facet of [Chief Content Officer Ted Sarandos]’ world in terms of producing content.