The word is officially out! Prince Harry and wife Meghan Markle, no longer a part of the British Royal Family, have announced their career plans. After teasing followers for months, the couple revealed a $150 million, multi-year deal with streaming giant Netflix.
New Deal for Prince Harry and Meghan Markle
There’s a pretty good reason that Prince Harry and Meghan Markle could have never made a deal like this before. In case you did not know, British Royal Family members can not have private jobs as they already have such incredible wealth. However, now that Harry and Markle have left the Royal Family, they can – and need – an independent income source. Currently, they are working on a massive non-profit, along the lines of the Gates Foundation. Meanwhile, they worked on another deal: one with streaming giant Netflix. Harry and Markle will produce forward-thinking, diverse entertainment, including everything from movies, documentaries, TV shows, and even children’s entertainment!
“Our lives, both independent of each other and as a couple, have allowed us to understand the power of the human spirit: of courage, resilience, and the need for connection,” Meghan and Harry said in a statement on their Netflix deal. “Through our work with diverse communities and their environments, to shining a light on people and causes around the world, our focus will be on creating content that informs but also gives hope…We are pleased to work with Ted and the team at Netflix whose unprecedented reach will help us share impactful content that unlocks action.”
This decision might sound a tad familiar to many Netflix fans. If you didn’t know, former President Barack Obama made himself a similar deal with Netflix last year. But, incredibly, Harry and Meghan’s deal was even bigger!
Netflix: A Creative Home
Currently, the exact details of Prince Harry, Meghan Markle, and Netflix’s deal secret. However, many experts and sources put the former Royal couple’s paycheck around $150 million! “It is a powerhouse. It can guarantee payments to the Duke and Duchess of Sussex for five years if that is necessary. They tend to do five-year deals with important stars,” Claire Enders, a media analyst, stated. “Netflix will now be paying the Sussexes’ bills for years to come,” said ITV’s Chris Ship, who interviewed Enders.
Before joining Netflix, the former Duke and Duchess were looking for a good deal in the close distance. Their representatives talked to Disney and Apple, later the couple also met up with the head of NBCUniversal. They hoped to find a deal worth $100 million, and overthrown themselves!
“Harry and Meghan have inspired millions of people all around the world with their authenticity, optimism and leadership,” Netflix co-CEO and chief content officer Ted Sarandos said. “We’re incredibly proud they have chosen Netflix as their creative home – and are excited about telling stories with them that can help build resilience and increase understanding for audiences everywhere.”