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.
It appears that the future of Prince Harry and Meghan Markle’s deal with Netflix is uncertain, with reports circulating that the streaming giant is unlikely to extend their contract next year. This news has reportedly left King Charles feeling “horrified” at the potential financial implications for the Duke and Duchess of Sussex. Ever since stepping back from their roles as senior working royals in 2020, Prince Harry and Meghan Markle have been building their personal brands and seeking new sources of income. Their deal with Netflix, signed in 2020 and worth millions of dollars over five years, was a significant part of this transition. However, the latest reports suggest that this lucrative partnership may be coming to an end, leaving the royal couple in a precarious position.TV journalist Dan Wootton has shed light on the situation, with an inside source revealing the King’s concerns about the Sussexes’ financial future if the Netflix deal falls through. Wootton described the situation as a “Netflix hammer blow” that could have serious repercussions for Prince Harry and Meghan Markle. The prospect of losing this major source of income has raised questions about the couple’s ability to sustain their current lifestyle and projects.In addition to the potential Netflix deal ending, the Sussexes also faced a setback earlier this year when Spotify terminated their exclusive podcast agreement. This suggests that their transition from royal life to media entrepreneurs has not been as smooth as they had hoped. These developments highlight the challenges of navigating the complex world of entertainment and media after leaving the royal family.As the situation continues to unfold, it remains to be seen what the future holds for Prince Harry and Meghan Markle’s business ventures. Will they be able to secure new partnerships and opportunities, or will they face further setbacks in their quest for financial independence? Only time will tell. Stay tuned for more updates on this evolving story.
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Source: Los Angeles Times (edited)
