Netflix reportedly lost $39 million reacting to sexual misconduct allegations against its stars

(FOX NEWS) - Netflix has announced its fourth-quarter 2017 earnings. Apparently, it took a hit thanks to a handful of scrapped projects in the wake of a slew of sexual misconduct allegations against some of its stars.

The company's CFO, David Wells, hosted a company earnings interview Monday where Variety reports he addressed projects that were canceled "related to the societal reset around sexual harassment."

The company revealed a $39 million write down related to content that it will no longer move forward with. Sadly, the outlet notes that he did not get into specifics about which projects cost the streaming service such a pretty penny. However, it's not hard to figure out based on the very public allegations against some of its key stars.

As previously reported, "House of Cards," the first series that really gained Netflix attention for its original programming, saw its production suspended after Kevin Spacey was accused of sexual misconduct by several men claiming he made advances on them when they were underage. It was soon announced that the network had cut a deal to move forward with Season 6 without Spacey in the lead.

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