The news comes after actor Anthony Rapp alleged Spacey of harassing him in an inebriated state at his party when he was a minor, the two companies issued a joint statement expressed their concern on learning the claims.
Netflix and Media Rights Capital, the studio that makes and owns the series, must decide whether to proceed given the allegations against Spacey, an Oscar-winning actor who helped put Netflix on the map as a home of high-end TV.
The International Emmy Founders Award, which was due to be presented to Spacey in a ceremony on 20 November, is a special award reserved for those "whose creative accomplishments have contributed in some way to the quality of global television production".
A man has said he was left traumatised after waking up to find Hollywood star Kevin Spacey lying on him when he was a teenager in the 1980s. He then went on to come out as gay.
At the time, Rapp was 14 and Spacey was 26.
Daniel told The Sun: 'Before I had a chance to do anything he got his d**k out.
New allegations of sexual misconduct have surfaced against actor Kevin Spacey, as questions mount over the fate of projects tied to the two-time Oscar victor.
In response, Spacey said he was "beyond horrified" by the story since he could not even remember the encounter.
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"That said, I take reports of such behavior seriously and this is no exception".
Montana was editing a documentary at Los Angeles hotspot Coronet Pub in 2003 when Spacey walked in with a group of friends.
Harassment allegations have also been levied against actors Kevin Spacey and Jeremy Piven. "I feel for Mr. Rapp and I support his courage".
It is the latest in a series of allegations against the 58-year-old since Star Trek actor Anthony Rapp recounted how Spacey tried to seduce him when he was just 14. I don't know if I would have used that language.
I have loved and had romantic encounters with men throughout my life and I choose now to live as a gay man. "I paid for my drink and got away from him".
Spacey is also being heavily criticised for his freakish attempt to blame the fact that he was drunk for the sordid "sexual advance" on such a young boy.
The show swapped out Spacey's name with Christian Bale.
Spacey had not previously been scheduled to work on set on Monday, according to a statement from the companies. I put it into the back of my mind until I saw him come forward.
Cavazos claims Spacey would invite men to discuss their careers with him, but when they arrived at the theatre for these meetings, they found Spacey had assembled a picnic featuring a bottle of champagne. There was no reply to a request for comment from representatives for Spacey.