In Q4 2017, Netflix reported major earnings growth, adding over 20 million subscribers and doubling operating income. However, what received less focus was a $39 million loss associated with unreleased content, notably the cancellation of the film "Gore," which was tied to actor Kevin Spacey's misconduct accusations. This marked a notable instance of a streaming service canceling a completed film. The article delves into the relationship between biographer Jay Parini and Gore Vidal, highlighting their deep friendship and the complex background surrounding the troubled production of "Gore."
Despite this unexpected expense, we slightly exceeded our contribution profit and operating income forecast due to our stronger-than-expected member growth and the timing of international content spend.
The project - solely financed by Netflix - was the first finished film cancelled by a streaming service, a practice that Warner Bros. Discovery and Netflix have come to embrace.
I really loved Gore; he was like a big brother to me, reflecting on his over-30-year friendship with Gore Vidal.
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