Netflix, the popular streaming service, is facing uncertainty regarding its partnership with Prince Harry and Meghan Markle.
The company executive revealed that the couple is currently working on several new projects for Netflix, including a film and two unscripted ventures.
However, it seems that their final projects under the current deal will not be renewed.
The decision by Netflix to halt the renewal of the deal is seen as a defensive move to protect their investment.
It is reported that Harry and Meghan refused to pay the advance money they had received, leading Netflix to push them to produce a new series.
The couple signed a five-year agreement with the streaming giant in 2020, worth a staggering $100 million.
However, they have only submitted three films so far, leaving four more to be produced.
The uncertainty surrounding the Netflix deal comes after the early termination of Harry and Meghan’s £15 million contract with Spotify in June last year.
Bela Bajaria, Netflix’s chief content officer, recently disclosed that the couple has several projects in the early development stages.
This suggests that they have presented a few ideas out of many, and Netflix is now requesting more.
While these projects may be in the pipeline, it is important to note that not all of them will see the light of day.
According to The Times, Bajaria mentioned that the Sussexes are working on a couple of unscripted projects, possibly documentaries, as well as a film and a series.
However, specific details about these shows remain unknown.
One possibility is that the film could be related to Harry and Meghan’s planned adaptation of the novel “Meet Me at the Lake,” which is estimated to cost £3 million.
During a Netflix promotional event in Hollywood, journalists inquired about the couple’s projects, and Bajaria provided a brief statement.
She emphasized that the projects were still in the early development stages, indicating that they have not been finalized or extended under contract.
This response may have been an attempt to protect Ted Sarandos, co-CEO of Netflix, who has recently faced criticism and legal challenges.
Despite the positive statement from Bajaria, there are doubts about the viability of these projects.
Some speculate that they may never progress beyond the planning phase, let alone be filmed and released to the public.
It is possible that the couple has secret unscripted shows in the works, but without any official confirmation, it remains uncertain.
The fact that news of these projects is only surfacing now, after four years of their five-year contract with Netflix, raises questions.
It appears that Meghan Markle is using this opportunity to generate positive publicity.
Netflix has previously stated that they do not plan to extend contracts with Archwell content, but they are open to considering future completed projects.
In conclusion, Netflix’s future collaboration with Prince Harry and Meghan Markle remains uncertain.
While the couple is working on new projects for the streaming service, it is unclear if these ventures will materialize.
The decision not to renew the current deal highlights the financial dispute between the Sussexes and Netflix.
Only time will tell if their partnership will continue or come to an end.