Among the many elements of the Sussexes’ recent relaunch, one surprising detail stands out: their website, Sussex.com, makes no mention of their deal with Netflix.
This deal, valued at an estimated $100 million (£80 million), was a significant step into the world of commerce for Prince Harry and Meghan after their departure from royal duties in a period known as “Megxit.”
The Netflix Deal and Its Implications
When the deal was signed in September 2020, the couple expressed excitement about creating content that would inform and inspire.
However, Harry later revealed in an interview that financial pressure, including being cut off financially from his family, had compelled him to make the deal.
Despite the initial enthusiasm, sources suggest that the association has been disappointing for both parties, with Harry and Meghan reportedly receiving a relatively meager amount from the streaming giant.
Uncertainty Surrounding the Future of the Deal
There are expectations in Hollywood that both parties may terminate the deal as soon as it is contractually viable, possibly as early as September this year or next.
The couple’s production output for Netflix has been limited, with only a blockbuster documentary released so far.
Reports indicate that most of the Netflix deal consisted of a multi-year commitment to cover the overhead costs of Archewell, the couple’s foundation, with a relatively small portion going to them personally.
Financial Challenges and Other Ventures
The Sussexes’ financial situation includes significant expenses, such as their mortgage, security detail, staff costs, and utilities, which could strain their resources.
Despite this, they have made lucrative deals, including Harry’s memoir, “Spare,” which has sold millions of copies, and Meghan’s podcasting venture with Spotify, which was cancelled in 2023.
They have also faced challenges with their talent agency and other commercial deals.
Looking Ahead
The couple’s future financial stability remains uncertain, with questions about their ability to turn their high-profile status into tangible products or ventures.
While they may explore other avenues, such as writing more books or launching a cookbook, the challenges of translating their fame into sustained income persist.
As they navigate their post-royal life, their financial decisions and ventures will continue to be scrutinized.
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