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Netflix Pulls Plug on $100M Deal with Tearful Prince Harry & Meghan Markle After Four Disappointing Years

Netflix Pulls Plug on $100M Deal with Tearful Prince Harry & Meghan Markle After Four Disappointing Years

Prince Harry and Meghan Markle's contract with Netflix is reportedly facing termination after four lackluster years. The Duke and Duchess of Sussex signed a five-year deal with the streaming giant in 2020, following their departure from the royal family, which was estimated to be worth around $100 million. However, apart from their popular docu-series "Harry and Meghan," their other projects, "Heart of Invictus" and "Live to Lead," have failed to make a significant impact. Consequently, Netflix is said to view the partnership as a disappointment on multiple fronts, including financial returns. With their contract set to expire in 2025, there are doubts about its renewal as the couple has produced limited content.

Allison BOS, a columnist, claimed that sources had indicated Netflix's desire to either exit the deal or further reduce their involvement at the earliest contractual opportunity. The engagement between Netflix and the Duke and Duchess of Sussex has reportedly fallen short of expectations, with the couple receiving relatively small sums from the streaming service. BOS highlighted their most recent project, an adaptation of Carly Fortune's best-selling romance novel, "Meet Me at the Lake," into a Netflix film, questioning whether production would even proceed.

BOS further revealed that a source familiar with the situation described the Netflix deal as a "dead duck." The source alleged that the arrangement was primarily a quid pro quo, with Netflix gaining the documentary about Harry and Meghan while the reported $80 million figure was inflated by the press. Netflix is said to be troubled by the constant turnover of personnel within the couple's company, Archewell, and is frustrated with the high expenses incurred by the lack of stability. The source suggested that the shaky executive foundation and limited visibility of Archewell hinder its productivity significantly.

Adding to the challenges, Harry and Meghan experienced another setback when Bennett Levin stepped down as production director at Archewell. The couple has reportedly lost five staff members at Archewell within a little over a year. It is widely acknowledged that Netflix is likely to either cancel or significantly scale back its deal with the Sussexes, given the circumstances.

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