Netflix Shares Crash Amid Child P*rn Streaming Accusations
Netflix came under fire for streaming the erotic thriller
Popular film website Netflix has seen their shares plummet as thousands of subscribers jump ship amid accusations it was streaming child porn last month.
Netflix came under fire for streaming the erotic thriller film “Desire” which many claimed contained child pornography.
The revelations had an adverse effect on the company as it lost almost half a million new subscribers as a result.
Wall Street had expected the company to report even more subscribers than it had forecast, but instead, it fell way beneath its guidance.
Shares on Netflix have now dropped around 14 percent in after-hours trading.
Netflix shares drop 13% after stumble in subscriptions https://t.co/la8Xu6b6JE— Financial Times (@FinancialTimes) July 17, 2018
According to Breitbart: Revenue for the quarter came in at $3.91 billion, lower than the $3.94 billion analyst estimate.
Netflix has been paying up big time for its content. Netflix said Monday that it expects content expenses to hit $8 billion this year.
Analysts think the actual spend for content this year will be even higher, closer to $12 billion, although some of that may not be released until later.
Although Netflix fell short with subscribers, its shows remain critical hits. The company garnered 112 Emmy Awards nominations last week, more than any other television network.
According to Variety: Netflix film director disputed the child pornography categorization and told Indiewire that the filming of the scenes was done “under the careful surveillance of the girls’ mothers” and neither of the girls were aware of what they were depicting.
Conservative commentator Megan Fox had written a blog post on PJ Media saying she had reported Netflix to the National Center for Missing and Exploited Children.
“Netflix is in violation of distributing child pornography because the child in question is very clearly engaging in the sexual act of masturbation,” she wrote, “and this exceeds the minimum requirement of merely being suggestive.”
Read Kaplan’s statement in full below.
“Despair” is a film. When we see a shark eating a woman on film, no one thinks the woman really died or that the shark was real. We work in a world of fiction; and, for me, before being a director comes being a father.
Of course, this scene was filmed using a trick, which was that the girls were copying a cowboy scene from a film by John Ford. The girls never understood what they were doing, they were just copying what they were seeing on the screen. No adult interacted with the girls, other than the child acting coach. Everything was done under the careful surveillance of the girls’ mothers. Because I knew this scene might cause some controversy at some point, there is “Making Of” footage of the filming of the entire scene.
Everything works inside the spectators’ heads, and how you think this scene was filmed will depend on your level of depravity.