Netflix's decision to finally cut ties with Spacey came after a CNN report last Thursday, alleging that Spacey sexually assaulted one production assistant on the "House of Cards" set in Baltimore, Maryland, and created a "toxic" work environment through a pattern of sexual harassment that targeted young male crew members.
"While we continue the ongoing investigation into the serious allegations concerning Kevin Spacey's behavior on the set of 'House of Cards, ' he has been suspended, effective immediately", Media Rights Capital, the company that produces the show, said in a statement.
"We have also decided we will not be moving forward with the release of Gore, which was in post-production, starring and produced by Kevin Spacey", the streaming service has said.
"Netflix will not be involved with any further production of House of Cards that includes Kevin Spacey", the company said in a statement.
The future of "House of Cards" was left out in the dark as Spacey has been bombarded with a number of sexual abuse allegations for the past days. The film, which stars Spacey, was already in post-production stage.
"MRC, in partnership with Netflix, will continue to evaluate a creative path forward for the program during the hiatus", it said.
The "Star Trek" actor is just one of several employees who levied accusations against Spacey.
Spacey gave an I-don't-remember-that apology adding he is sorry about "what would have been deeply inappropriate drunken behavior".
Variety reported that producers were considering killing off Spacey's character, the malevolent President Frank Underwood, and have the show's final season focus on his scheming wife Claire, played by Robin Wright.
His son Harry Dreyfus says Spacey groped him about a decade ago. In an exclusive interview published by BuzzFeed, Rapp revealed an incident at a party back in 1986 where Spacey allegedly made inappropriate advances towards the former, who was only 14 at that time.