Prince Harry and Meghan Markle Just Scored a $150 Million Deal with this Entertainment Giant
A lot of people were excited to see what path Prince Harry and Meghan Markle would take after they officially left their posts in the British royal family earlier this year.
After a few setbacks along the way, from trademarking troubles to plans being put on hold due to the pandemic, the couple is finally back to making big moves.
The Duke and Duchess of Sussex have reportedly inked a deal with the streaming platform and production giant, Netflix, valued at $150 million. The agreement involves Prince Harry and Markle’s still-unnamed production company.
The agreement would see the two parties team to create exclusive content including children’s programming, documentaries, and feature films. In a statement, the couple shared that they would be focusing on developing content that not only informs people but also gives them hope.
They also emphasized their plans of creating family-friendly content, which holds personal importance to them now that they’re also parents.
The lucrative deal has been compared to the one former President Barack Obama and Michelle Obama signed with Netflix in 2019. The collaboration saw the couple produce exclusive content through their company, Higher Ground Productions.
Prince Harry and Markle’s Netflix deal would certainly help them achieve their dreams of reaching millions of people with their advocacies. The move also came after the couple made a major decision to set more permanent roots in California.
They recently bought a $14.6 million home in the Montecito area of Santa Barbara.
The decision to produce content also seemed to solidify Markle’s choice to not go back to acting after leaving the royal family. However, it’s worth noting that she hasn’t sworn off performing altogether.
She recently worked on and narrated for a Disney-produced documentary, ‘Elephants’.
Speaking about the deal, Ted Sarandos, chief content officer at Netflix, said that he was proud to have the couple working with the streaming platform despite the presence of competing companies like Apple TV and Disney+.
It’s worth noting that Netflix has expressed the desire to work with the Duke and Duchess of Sussex right after they announced their decision to forego their royal duties in January.
Prior to choosing Netflix as their creative home, Prince Harry announced a partnership with Oprah Winfrey to produce a mental health series for AppleTV back in 2019.
More in Rich & Famous
Buying a Car During The Pandemic – Some Expert Tips to Consider
Over the past two years, it has been greatly evident that the novel virus did not only ruined everyone’s lives but also came...September 8, 2021
Self-Employed? Use These Tips to Help You Save for Retirement
Self-employment comes with a whole host of financial stress, whether you’re a business owner or a freelancer. It’s hard enough sticking...August 17, 2021
Everything to Know About Hiring a Franchise Lawyer
Are you considering diving into the world of running a franchisee? There might be an aspect that you may not have...August 11, 2021
The Lucrative Business of Owning Rental Properties
Initially, purchasing a property just for renting it out may seem expensive, and it is. Still, over time, it will convert...July 27, 2021
Your Guide to Surviving Student Loans with No Job
Life doesn’t always go as planned. So oftentimes, we might find ourselves in a pickle we aren’t prepared for. Yet, if...July 9, 2021
Are Payday Loans Worth the Pain?
A payday loan is like borrowing a small sum of money from a friend except that it involves high-interest rates. The...June 10, 2021
The Secret Behind Adele’s 100-Pound Weight-Loss Transformation
It was the autumn of October 2019 when fans started noticing a drastic change in Adele. The ‘Someone Like You’ singer...March 22, 2021
From Comedian To Talk Show Icon: Ellen DeGeneres’ Rise To Fame
No one had any idea that a girl from Metairie, Louisiana, would turn the tables in the male-dominated standup comedy world....March 15, 2021
These 5 Social Skills Will Change Your Life as an Entrepreneur
Most of us can relate to having jitters and sweaty palms before a presentation. Yet, in today’s world, pitching yourself is...March 5, 2021