in , ,

Netflix Reportedly Lost a Gargantuan Amount of Money after Kevin Spacey S*xual Assault Charges Destroyed ‘House of Cards’ Empire

Netflix Reportedly Lost a Gargantuan Amount of Money after Kevin Spacey S*xual Assault Charges Destroyed 'House of Cards' Empire

Kevin Spacey, once a Hollywood heavyweight, had his career and reputation ruined by allegations of s*xual assault. The actor, known for his role as the magnetic Frank Underwood on the addictive Netflix series House of Cards, was the subject of multiple misconduct allegations, tarnishing his reputation and ultimately leading to his exile.

Streaming giant Netflix also took a financial hit due to the scandal, adding insult to injury for Spacey. Apparently, losing $39 million forced Netflix to face facts and make major changes to its show lineup.

Kevin Spacey’s Rise and Fall

Kevin Spacey
Kevin Spacey

Kevin Spacey has been acting for over 20 years, and in that time, he has given many memorable performances on film and television. The actor first became famous for his performance as a thief in Heartburn and has since appeared in several films, including the Oscar-winning American Beauty.

Fandomwire Video

Suggested Article: “It’s a hard job but somebody has to do it”: Scarlett Johansson Didn’t Enjoy Kissing Star Wars Actor in $162M Movie After Requesting Not to Wear Underwear for the Scene

However, Spacey’s breakthrough performance as Frank Underwood in the Netflix series House of Cards catapulted him to superstardom. There were both private and public costs associated with Kevin Spacey’s indiscretion.

According to Forbes, when Spacey was fired from House of Cards, he lost $6.5 million in earnings. The allegations have caused him to lose half a million dollars per episode he made playing Frank Underwood.

Kevin Spacey in House of Cards
Kevin Spacey in House of Cards

In addition, MasterClass terminated Spacey’s contract as a teacher, meaning he would no longer receive the 30% share of revenue he had been promised. Furthermore, Netflix has halted production on a Gore Vidal biopic starring Kevin Spacey.

This project, which the streaming giant had invested heavily, would not be completed. As a result, he was no longer eligible for lucrative offers like his usual $2 million salaries for mid-range films and $5 million for high-profile movies.

Later in 2022, a judge ruled that the disgraced actor must pay nearly $31 million to House of Cards production company MRC for the s*xual assault event. In addition, even worse for Spacey and Netflix financially were the endorsement deals he had previously enjoyed.

Also Read: “I have no idea how they get along”: Harrison Ford Refused to Call Kevin Costner for Yellowstone Prequel Amidst Actor’s Intense Feud With Showrunner Killed Series

Netflix’s $39 Million Blow

House of Cards
House of Cards

Netflix, which broadcast House of Cards, lost an estimated $39 million due to Kevin Spacey’s inappropriate behavior. According to CNN’s reporting, this sum paid for all content featuring Spacey. This includes House of Cards and the Gore Vidal biopic.

House of Cards’ production was halted unexpectedly, resulting in extra costs and delays as the show’s writers rewrote the entire series without Kevin Spacey’s character. Losing post-production money and disappointment over the film’s potential earnings were additional consequences of the cancellation of Gore.

Read More: “One of my best friends had just been shot in the head”: DC Star Jared Leto Makes a Heartbreaking Confession About $7.3 Million Box Office Disaster

In addition to the cost overruns on these productions, Netflix likely overspent on other projects that would have included Spacey. Canceling House of Cards caused this financial setback for the streaming giant, the dropping of the Gore Vidal biopic, and the inability to use Spacey in other projects. With one of its most prominent actors leaving, Netflix had the unenviable task of dealing with the fallout and reshaping its TV shows’ lineup.

Source: CNN

Also Watch:

Written by Mabel Andrady

Mabel, aka MJ, is a FandomWire Sr. Writer, pop-culture fanatic, and an MA in Health Demography holder. When she's not indulging in her guilty pleasure of penning everything Hollywood, Marvel & DC, she writes academic essays on COVID-19 and HIV/AIDS. With 2500+ articles published online, she brings a unique twist to entertainment writing. A jack-of-all-trades, MJ enjoys movies, writes/acts in plays, writes music, and dreams of being a successful actress. She offers a fresh perspective, making her writing a must-read for those seeking knowledge and entertainment.