The Duke and Duchess of Sussex, are being pressured by Netflix to submit additional “big ideas” in order to receive the remaining $50 million of their $100 million contract, according to recent reports.
The couple’s documentary series, “Harry & Meghan,” was a smash hit earlier this year, quickly becoming the platform’s most-watched documentary. However, the couple is believed to have only received 50 percent of the agreed-upon fee so far.
Harry and Meghan’s Netflix deal has put him under pressure
According to inside sources, Netflix is pleased with the viewing figures generated by the six-episode season but is eager to continue producing content, convinced that the pair have a winning formula for success.
However, if a follow-up deal is not reached, Harry and Meghan could suffer financial setbacks.
An undisclosed source close to the situation shared with The Sun,
“This is not a headline-grabbing public split. Netflix was delighted to sign Harry and Meghan and is looking for big ideas moving forward. But the rest of the deal depends on them producing those good ideas. The deal is under continual review, which is normal for deals of this magnitude.”
This development follows the mutual termination of a $20 million partnership between the couple’s company, Archewell, and Spotify earlier this year.
Despite high expectations, Meghan only produced 13 episodes over a two-and-a-half-year period for the podcast show.
The multi-million dollar, multi-year deal was one of the largest ever signed for a startup podcast.
Evaluating the Sussexes’ content deals
The financial success of Prince Harry and Meghan Markle’s adventures in the entertainment industry has come under scrutiny in recent times.
While their television series on Netflix garnered significant attention and popularity, the streaming giant’s request for more creative content before paying the remaining $50 million highlights the importance of how successful the project must be.
As the Duke and Duchess of Sussex move on in their post-royalty careers, they are under increasing pressure to deliver engaging and impactful content.
The streaming industry is highly competitive and platforms are looking for original and attention-grabbing programs.
The pressure to deliver captivating content remains a key consideration for Prince Harry and Meghan Markle.