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Prince Harry and Meghan Markle braced for financial blow ahead of ‘pivotal decision’ with Netflix: expert…..Read More
Prince Harry and Meghan Markle are bracing themselves for a suspected financial blow as their lucrative Netflix deal comes to an end in 2025, a royal commentator has suggested.
The Duke and Duchess of Sussex signed a $100 million deal with the streaming giant in 2020 after quitting royal life and moving to the US.
After releasing a series of bombshell tell-all projects stateside, the pair have now adopted a new “twin-track” business strategy in a desperate bid to salvage their public image, which has taken a hit in recent years.
As the end of their Netflix partnership looms, royal commentator Richard Fitzwilliams suggested a renewal of the contract is “absolutely pivotal” for the duo’s new approach to be successful.
“Their separation of work is being tried out, and it worked perfectly well in the sense there have been no glitches. What they need is her cookery series for Netflix,” Fitzwilliams told GB News.
What is absolutely pivotal is the renewal of the contract with Netflix next year, so precisely what happens in the coming months financially is vital.”
The Post has reached out to reps for the Sussexes for comment.
Earlier this month, the Sussexes released their “Polo” docuseries on the platform. However, the project was hit with a slew of negative reviews from critics in the days that followed.
The duo, who both served as executive producers on the project, made minimal appearances in the docuseries, with the promotion of the project also underdelivering.
It came after the “Suits” alum, 43, finished filming her upcoming show for Netflix in July.
While details about her new project remain scarce, the series will reportedly be centered around cooking and wellness.
It will be produced by Sony Pictures Television, as well as Markle herself, and will likely collaborate with her impending lifestyle brand, American Riviera Orchard, which has yet to be launched.
“They lost Spotify a while ago, and it doesn’t seem there is anything substantial financially that we know of that is coming up,” Fitzwilliams went on.
“When American Riviera Orchard and Meghan’s cookery show is launched, that will certainly give her a good deal more than her occasional appearance.”
Both the polo docuseries and the upcoming cooking show fall under the deal Harry and Markle signed with Netflix under their Archewell Productions company.
“They have a profile at a certain level. Harry and Meghan were in Times100 in 2020, so they have a brand, they have got their admirers, and they have got a profile,” the royal expert said of the couple.
“They’ve changed their tactic, and we will see what it adds up to in the next year.”