Prince Harry And Meghan Markle Sign A Massive Deal With Netflix

They are Hollywood producers now!

Six months after stepping down from royal duties, Prince Harry and Meghan Markle have signed a major deal with Netflix to make documentaries.

The New York Times reported Netflix will pay them for making documentaries, docu-series, feature films, scripted shows and children’s programming. Meghan and Harry have also started a yet-unnamed production company. They are venturing into Hollywood with the intention of providing ‘hope and inspiration’ to all.

Their deal with the streaming giant could be worth a whopping $150 million, insiders told Deadline.

Ever since Prince Harry and Meghan Markle stepped down as royals, there have been rumours about them trying to find a footing in Hollywood. Meghan also made a comeback in the showbiz in April as a narrator for the Disney Plus docuseries Elephants.

But while the couple might appear in front of the camera in their upcoming Netflix projects, the Suits actor has made it abundantly clear that she does not plan on returning to acting.

“Our focus will be on creating content that informs but also gives hope. As new parents, making inspirational family programming is also important to us,” the couple said in a statement.

In 2018, Netflix signed a similar deal with the Barack and Michelle Obama as well. “We’re incredibly proud they have chosen Netflix as their creative home and are excited about telling stories with them that can help build resilience and increase understanding for audiences everywhere,” Ted Sarandos, Netflix’s co-chief exec and chief content officer said.

Buckingham Palace’s reaction to Meghan and Harry’s Netflix deal

Prince Harry and Meghan Markle may have signed a multi-year Netflix deal but not without a caveat. The Royal Palace will “cast a critical eye” over every contract they sign.

“Harry and Meghan did leave as working members of the family with everyone’s best wishes and it is sincerely hoped they find the happiness that appeared to be lacking in their lives. However, it goes without saying any deals they are making will be scrutinised by the royal household,” a source told The Mirror.

“Under the terms of their deal to forgo their royal duties, they agreed any commercial deals would be subject to discussion. This deal with Netflix, any speaking engagements or other corporate work are examples.”

It remains unknown if the pair will use their titles – the Duke and Duchess of Sussex – for their documentary projects.

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