Prince Harry and Meghan Markle’s efforts to rebrand themselves fail to keep their expensive Netflix contract
Prince Harry and Meghan Markle have made a splash by relaunching their Sussex brand with a shiny new website.
The website also revealed that the former Suits actress has signed a new deal with Lemonada Media and will continue her Archetype podcast. Although things seem to be going well on the business side, the couple’s Netflix contract is slowly on the verge of cancellation.
read more:Prince Harry and Meghan Markle warn of ‘ticking clock’ on Netflix deal
The Duke and Duchess of Sussex signed a five-year, multi-million dollar contract in 2020 after leaving the UK and stepping down as senior royals.
The contract is currently set to end in 2025, and could be in jeopardy as the lucrative deal is unlikely to be extended.
Furthermore, MailOnline columnist Alison Boshoff argued that “Netflix will want to exit the deal at the earliest contractual opportunity, or reduce it further.”
A well-informed source close to the situation told Boshoff: “The association has been disappointing across the board, with the amount Prince Harry and Duchess Meghan have received from streamers being relatively small, with just £16m personally. It is believed to be worth only (approximately $20 million).” ”
read more: Prince Harry and Duchess Meghan forced to “shut down” Archewell?
The official also branded the deal a “dead duck.”
The update comes after a number of prominent employees at Archewell Productions left the company, including manager Bennett Levine, who was a central figure in the couple’s hit Netflix documentary series. Harry and Duchess Meghan.
