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Prince Harry and Meghan Markle have announced that they have signed a deal with Netflix.
The Duke and Duchess of Sussex, currently living in their $ 14 million mansion in Santa Barbara after officially retiring from royal duty in March, are set to embark on their new careers in Hollywood.
The couple founded a production company that has yet to be named and signed a multi-year deal with Netflix that will pay them to make documentaries, documentaries, feature films, scripted shows and children’s programming, according to The New York Times.
In a statement, they commented: ‘Our focus will be on creating content that informs but also gives hope. As new parents, it is also important for us to do inspiring family programming. ‘
Prince Harry and Meghan Markle have announced that they have signed a deal with Netflix. In the image, in a video provided on Monday, July 6, 2020 by The Queen’s Commonwealth Trust
The couple founded a production company that has yet to be named and signed a multi-year contract with Netflix, which will pay them to make documentaries, documentaries, feature films, scripted shows and children’s programming.
They added that Netflix’s “unprecedented reach will help us share shocking content that unlocks action.”
Its content will be exclusive to Netflix, which has 193 million subscribers worldwide.
While Harry and Meghan may appear on camera in documentary programming, the former Suits actress has previously made clear that she has no plans to act again.
Ted Sarandos, Chief Content Officer and Co-CEO of Netflix, added: ‘We are incredibly proud that they have chosen Netflix as their creative home and we are excited to tell stories with them that can help build resilience and increase understanding of audiences in everywhere’.
Rumors that Harry and Meghan are seeking a foothold in Hollywood have run rampant since the couple announced plans to resign as royalty, seek financial independence and move to North America in January.
Meghan’s first post-Megxit job in show business was as a narrator for the Disney Plus documentary series Elephants, which came out in April.
The 39-year-old Los Angeles native landed the job after Harry bragged about his voice-over skills to Disney President Bob Iger at the London premiere of the live-action remake of The Lion King. last summer.
Prince Harry and the Duchess of Sussex attend the premiere of the film ‘The Lion King’ in London, July 2019
Rumors that Harry and Meghan are seeking a foothold in Hollywood have run rampant since the couple announced plans to resign as royalty, seek financial independence and move to North America in January. Pictured, attending Commonwealth Day Service 2020 on March 9, 2020 in London
His fee for the project went entirely to the Elephants Without Borders charity, an organization dedicated to conserving wildlife and helping to protect animals from poaching.
Harry followed in his footsteps by appearing in a new Netflix documentary about the Paralympic Games called Rising Phoenix, which aired on August 26.
Last year Harry announced that he would be partnering with Oprah Winfrey on an Apple TV + documentary series on mental health.
It is unclear if the couple presented their secret project to Disney, Netflix or Apple TV +.
Shortly after the Duke and Duchess announced their intention to retire from royal duty, a senior Netflix executive said the streaming giant would like to work with them.
Netflix’s chief content officer Ted Sarandos said at the Screen Actors Guild Awards in January that the streaming giant would like to work with Harry and Meghan, adding: ‘Who wouldn’t be interested? Yes, sure.’
The decision to work with Netflix is also a move reminiscent of former President Barack Obama and his wife, attorney Michelle.
In January, sources confirmed that the couple had discussed their plans with the Obamas and wanted to mimic how they had managed to build a successful, but dignified, life for themselves after the White House.
Since leaving the White House, the Obamas have made a small fortune selling the rights to their autobiographies and establishing their own production company, which has struck a lucrative deal with Netflix.
A source said: ‘They have achieved great commercial success without looking like they are getting their hands dirty, to put it bluntly, and maintaining their popularity.
“In fact, it’s fair to say that her star has skyrocketed since she left the White House, particularly Michelle’s, and this is something Meghan admires very, very much.”
After resigning as royals, Meghan and Harry signed with the New York-based Harry Walker Agency in June, which represents the Obamas and Clintons.
Meghan has made multiple appearances as a speaker at various online summits, however it is understood that she was not paid for these engagements.
Meghan’s first post-Megxit job in show business was as a narrator for the Disney Plus documentary series Elephants, which came out in April. The 39-year-old photographed in a promotion for the film.
Meghan Markle recorded her narration for the new Disney Elephant documentary (pictured) in the fall of last year.
However, experts estimate that the Sussexes can earn an impressive sum from public speaking, with one agency estimating the pair could earn as much as $ 500,000 each from a single appearance.
In February, a public relations expert told DailyMail.com that the couple may have made ‘as much as $ 1 million’ from each other for speaking at a star-studded JP Morgan summit in Miami, insisting that the couple will be the ‘ highest paid speaker in the corporate market. ‘
“I wouldn’t be surprised if they made more than a million dollars,” said Ronn Torossian, CEO of New York-based 5W Public Relations, of his commitment to JP Morgan.
“During the year, your purchasing power could be unlimited.”
Meanwhile, GDA Speakers, whose clients include Nicole Kidman and Diane Keaton, told TMZ that the Duke and Duchess will likely attract much higher rates than regular celebrities, even without their HRH titles.
Most big-name celebrities earn between $ 200,000 and $ 300,000 for a speaking engagement, yet the agency estimates that Harry and Meghan could each earn close to double that amount thanks to their impressive global standing.
Finding Freedom co-author Omid Scobie also stated that the couple have big plans for the next few years and are basing their working model on the Obamas.
Harry followed in his footsteps by appearing in a new Netflix documentary about the Paralympic Games called Rising Phoenix. Appears in a trailer for the film.
He said his plans were “ not much different ” from what the former president created after leaving the White House and establishing the Higher Ground production company.
He pointed to Obama’s multi-year production agreement with Netflix to produce films and documentaries covering issues such as race, class and civil rights.
Harry and Meghan’s public interests have been largely focused on social issues, environmental concerns, and mental health, so it’s possible that your project will focus on those areas.
Although it is not known exactly how much the former president and the first lady made from their deal with Netflix, those who have signed similar deals can make millions.
Shonda Rhimes, who created Grey’s Anatomy and Scandal, signed a five-year deal with Netflix in 2017 that is estimated at $ 150 million.
The following year, American Horror Story creator Ryan Murphy made up to $ 300 million when he signed his own five-year deal with the streaming giant.
Reports of Harry and Meghan’s elusive project came days after it emerged that the couple had secretly purchased a private family home in Santa Barbara, abandoning Tyler Perry’s 12-room Beverly Hills mansion for ‘considerable privacy’ .
The couple purchased the massive nine-bedroom, 16-bathroom mansion in upscale Montecito for $ 14.65 million on June 18.
Property listings say the home took nearly five years to build and included a library, office, spa with separate wet and dry sauna, gym with stripper bar, game room, game room, theater, wine cellar and five car garage.
It also comes with a group of top-notch neighbors who could help them achieve their Hollywood aspirations, including Ellen DeGeneres and Oprah.
