Will Meghan Markle take the Oscar she dreamed of since she was seven years old?

HOLLYWOOD HOPES: Meghan in a Halloween costume, age seven

The agreement reached by the Duke and Duchess of Sussex with Netflix is ​​designed to fulfill Meghan’s latest dream: an Oscar.

The couple, who live in a £ 11 million mansion near Los Angeles, announced last week their plans to take Hollywood by storm by producing ‘inspirational’ shows in a multi-year contact with the US streaming company.

In addition to securing millions of pounds to fund her lavish lifestyle, The Mail on Sunday may reveal that former Suits actress Meghan hopes the deal will win her an Academy Award, her childhood dream.

“An Oscar is everything Meg has ever wanted,” said an old friend. “She used to practice her acceptance speech in the mirror with a hairbrush when she was seven years old. She would also practice her signature in preparation for all the autographs she would give.

“ His absolute dream was to achieve EGOT, the big hit in show business, which is winning an Emmy, Grammy, Oscar and Tony Award.

‘His acceptance speech has been ready for 30 years. Maybe now I can use it. The Mail on Sunday may also reveal:

• The deal involves an annual advance of £ 2 million to £ 4 million plus a ‘film fee’
• Harry and Meghan will not be able to use their royal titles in production credits
• They are determined not to be ‘rent-a-royals’ and will scrutinize any Netflix ads
• The couple has been assigned a vice president of the company to execute their projects

The pair follow a strategy of Barack and Michelle Obama, who signed a contract with Netflix two years ago and won an Oscar earlier this year for the documentary American Factory.

Describing Harry and Meghan’s plans, their American spokesperson gushed: ‘The focus will be on creating a wide range of programs about stories and topics that resonate with them personally, including highlighting topics that your nonprofit organization’ ‘. [company] Archewell focuses on.

“Enabling a more compassionate and equitable world is not just something that they do through their nonprofit organization, it is a belief that they hold and model themselves that will take place at this company.”

In the picture: The Duke and Duchess of Sussex attended the European premiere of Disney’s The Lion King held in Leicester Square, London.

Her production company, believed to be called MWX Trading after her surname Mountbatten-Windsor, has yet to be officially announced, but she is already developing nature documentaries and an animated series about inspiring women.

One source said it would be “impossible” for them to use their royal titles for any production credit “otherwise they will be accused, and indeed will be, of profiting from their royal status, which they promised not to do.”

Meghan’s Hollywood team, including agent Nick Collins, attorney Rick Genow and business manager Andrew Meyer, negotiated the ‘megabucks’ deal after quietly promoting the Sussexes on Disney, Apple and HBO.

Pictured: Meghan Markle as Rachel Zane in ‘Suits’ season 1, during her acting career.

Netflix agreed to the annual advance for at least two years and contribute sponsorship and support to Archewell, named after their son Archie, who is now 15 months old.

The couple have demanded the control of any advertising related to their work. “Harry and Meghan will not be royals for the red carpet,” said a source. ‘They will go to the net with powerful players, but they want to maintain full control. They won’t be forced to do anything they don’t want to.

“ It is beneficial to everyone, as Netflix has the biggest pockets, but they also have trouble taking themselves seriously. Harry and Meghan bring prestige, in return they get a lot of cash. ‘

Buckingham Palace, which will review the Sussexes’ break-up from the family next year, will be very vigilant to make sure the couple deliver on their promise that “whatever they do will continue to uphold Her Majesty’s values.”