Reports have emerged that Netflix is unlikely to renew its deal with the Duke and Duchess of Sussex, signaling potential turbulence.
Reports have emerged that Netflix is unlikely to renew its deal next year with the Duke and Duchess of Sussex, signaling potential turbulence, and leaving King Charles “horrified”.
After stepping down as senior working royals in 2020, Prince Harry and Meghan Markle signed a five-year, multi-million dollar deal with the streaming giant, Netflix and began cultivating their personal brands for an income.
TV Journalist, Dan Wootton, revealed a source confided that the monarch is worried the Sussexes will run out of money if the contract is not renewed. His source revealed:
“This is the King’s worst nightmare – he’s horrified.”
Dan also described the current situation as the “Netflix hammer blow is coming”. He penned in his editorial: “After years of flops and non-deliveries, the Netflix hammer blow is coming, with Puck’s highly connected newsletter – edited by the former editorial director of The Hollywood Reporter Matthew Belloni – confirming long-suspected rumours I first reported last June that ‘the streamer is not expected to renew its five-year, $100million (£76million) deal signed in 2020’.”
Spotify also ended their exclusive podcast deal earlier this year, signalling the Sussexes’ transition from royalty to media moguls hasn’t been as seamless as they might have hoped.
Recent reports suggest that Netflix is leaning towards not renewing their deal with the Duke and Duchess of Sussex next year, which has raised concerns about their financial stability. The decision has left King Charles feeling shocked and worried about the couple’s future financial situation. Ever since Prince Harry and Meghan Markle stepped back from their royal duties in 2020, they have been focusing on building their personal brand and securing lucrative deals, such as the one with Netflix.Renowned TV Journalist, Dan Wootton, recently shared insider information about the situation, stating that the King is deeply concerned about the potential consequences of Netflix pulling out of the deal. He mentioned in his column that the “Netflix hammer blow” is impending and could have a significant impact on the Duke and Duchess of Sussex. This news comes after Spotify also decided to end their exclusive podcast deal with the couple earlier this year, further adding to their challenges in the media industry.The uncertainty surrounding the future of their contractual agreements with major platforms has raised questions about the Sussexes’ ability to maintain their lavish lifestyle and sustainable income streams. If Netflix indeed decides not to renew their deal, it could pose serious financial challenges for Prince Harry and Meghan Markle, forcing them to explore alternative avenues to secure their financial future.Despite their efforts to establish themselves as media entrepreneurs post-royalty, the road ahead seems bumpy for the Duke and Duchess of Sussex. The potential loss of the Netflix deal serves as a wake-up call for the couple, urging them to reassess their strategies and partnerships in the competitive entertainment industry. As the situation unfolds, it remains to be seen how Prince Harry and Meghan Markle will navigate these rough waters and steer their careers towards a successful and sustainable future. Stay tuned for more updates on this evolving story.
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Source: USA Today
