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Netflix Took $39 Million Write-Down for 'Unreleased Content' " Was It Related to Kevin Spacey Scandal? by Todd Spangler

Netflix, in announcing its fourth-quarter 2017 earnings with record subscriber additions, said it had taken a $39 million write-down related to content “we’ve decided not to move forward with.” The company didn’t detail what that content was, and Netflix reps didn’t respond to an inquiry. The $39 million mystery charge immediately set off a guessing game: […]

SOURCE: Variety at 05:45PM on January 22, 2018

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