Kevin Spacey has been ordered to hand over $31 million to the production company bosses behind TV drama House of Cards after they fired him.

The Oscar winner was axed from the show amid a very public scandal following allegations of sexual misconduct.

Now, Spacey must dig deep after MRC bosses were awarded $29.5 million in damages and $1.4 million in attorneys' fees and costs.

The production officials sought the damages for lost revenue due to Spacey's sudden exit.

The arbitrator's ruling was reportedly made over a year ago, but MRC representatives have only just confirmed the news in a statement that reads: "The safety of our employees, sets and work environments is of paramount importance to MRC and why we set out to push for accountability."

Attorney Michael Kump, says, "It was a privilege representing MRC in this matter. MRC stood its ground, pursued this case doggedly, and obtained the right result in the end."

According to the Wall Street Journal, the ruling became public on Monday, when MRC filed a petition in Los Angeles Superior Court.

Spacey was dropped from the show in 2017 and MRC bosses cited breach of contract as it filed a claim in 2019.