Prince Harry And Meghan Markle Lose Netflix Deal Worth £100 Million: Report
Netflix ended its £100 million deal with Prince Harry and Meghan Markle. Their first documentary was a hit, but later projects flopped. Paramount+ is interested in them.
In the latest update concerning the Duke and Duchess of Sussex's media ambitions, Netflix has reportedly ended its £100 million partnership with Prince Harry and Meghan Markle. The multi-year deal, which initially garnered significant attention and success, appears to have run its course, according to a report by The Sun.
The couple first collaborated with Netflix in 2022 with their documentary Harry & Meghan, which was a major hit for the platform. The intimate series offered a rare glimpse into their personal lives and generated strong viewership numbers. Following its success, Netflix partnered with the couple on other projects, including Live to Lead, Polo, and most recently With Love, Meghan, a lifestyle show led by Meghan Markle. However, the latest offering failed to gain traction and reportedly did not even enter Netflix's top 300 programmes.
'The deal is done; no more shows will be made," a source told The Sun. 'Netflix feel they've got all they can from the couple. Netflix were clever in that they got a hell of a lot of viewers for the first documentary series, and knew, realistically, it would prove the zenith of content from the Montecito pair. They're not unhappy with how things turned out, they got those initial hits, and produced one of the most talked-about shows of all time."
The source added that the content quality had dipped after the initial projects and the streaming giant had recognised that Meghan's focus had shifted to her personal brand. 'Things have just run their course. Netflix execs are well aware Meghan's priority now is her own brand, and they won't play second fiddle to that," the insider added.
While no official statement is expected, the source noted that Netflix remains open to future one-off collaborations. 'But for Harry, especially, this will be a blow. It's a huge loss of revenue," they said.
The report also mentions that Paramount+ has shown interest in working with the couple.
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