Explosive memoir by Prince Harry potentially undermines his Netflix career's success.
The Duke and Duchess of Sussex, Prince Harry and Meghan Markle, have announced the renewal of their contract with Netflix, but the new deal does not appear to match the success of their initial agreement.
Initially, the Sussexes were inspired by their partners and the Archewell Productions team to create content for Netflix, with the original deal reportedly worth £75 million ($100 million). However, the follow-up projects did not have the same success, leading to a scaled-down renewed deal.
The renewed deal includes the expansion of their work together to include the As Ever brand, but the number and nature of projects under the renewed deal have not been specified. The renewed deal, despite prior reports, has been confirmed by Meghan herself.
The release of Prince Harry's autobiography, Spare, did not seem to boost the deal's value or prompt Netflix to extend or enhance their contract. Instead, overall performance issues and changes in Netflix's strategy seem to have led to the deal being dead in the water.
The Duke and Duchess of Sussex aim to create thoughtful content across various genres that resonates globally. They have not shied away from controversial topics, as evidenced by their Netflix documentary and Prince Harry's autobiography.
The renewed deal between the Duke and Duchess of Sussex and Netflix is seen as saving both parties reputationally, as it allows the Sussexes to continue producing content while providing Netflix with the opportunity to work with high-profile figures.
Despite the lower value of the renewed deal compared to the original, the Duke and Duchess of Sussex remain committed to their partnership with Netflix, hoping to create content that will resonate with audiences worldwide.
[1] Source: Variety, The Hollywood Reporter, and The Guardian.
Entertaining global audiences remains the goal for the Duke and Duchess of Sussex as they continue their partnership with Netflix, focusing on creating thought-provoking content across various genres. This extended collaboration with the streaming giant, amidst a shift in Netflix's strategy, still offers the Sussexes a platform to work with celebrities and contribute to the broader entertainment landscape.
