The CEO of Netflix has shared details of Prince Harry and Meghan Markle’s multimillion deal with Netflix.
Earlier this month, the Duke and Duchess of Sussex confirmed their partnership with the streaming giant – which is said to be worth $100 million (£75m).
CEO Reed Hastings predicted that the deal will produce some of the “most exciting, most-viewed content” of next year.
“The real focus for them is on being producers and on building that production capacity,” he told CNBC.
“That’s the key thing is they’ve developed a great eye for a story, and we’ll be working with them on that basis.
“They were shopping it around across all the major companies and I think we really put together the best, complete package.
“We’re gonna do a wide range of entertainment with them,” he said, “I think it will be some of the most exciting, most-viewed content next year.”
Confirming the deal at the time, Meghan and Harry released a statement saying: “Our lives, both independent of each other, and as a couple have allowed us to understand the power of the human spirit: of courage, resilience, and the need for connection.
“Through our work with diverse communities and their environments, to shining a light on people and causes around the world, our focus will be on creating content that informs but also gives hope.
“As new parents, making inspirational family programming is also important to us, as is powerful storytelling through a truthful and relatable lens.”
Ted Sarandos, Netflix’s co-chief executive and chief content officer, said in a statement: “We’re incredibly proud they have chosen Netflix as their creative home and are excited about telling stories with them that can help build resilience and increase understanding for audiences everywhere.”
Although the couple stepped down as senior members of the British royal family back in March, insiders have claimed their commercial deals are still “subject to discussion”.
A source told the UK Mirror: “Harry and Meghan did leave as working members of the family with everyone’s best wishes and it is sincerely hoped they find the happiness that appeared to be lacking in their lives.
“However, it goes without saying any deals they are making will be scrutinised by the royal household.”
The insider continued: “Under the terms of their deal to forgo their royal duties, they agreed any commercial deals would be subject to discussion. This deal with Netflix, any speaking engagements or other corporate work are examples.”
“Both the Royal Family and senior courtiers will be aware of how this looks to the public, especially as the couple have not yet paid back the £2.4million they promised to refund to the taxpayer for Frogmore Cottage, which will be their UK base.”
According to The New York Times, the deal will allow them to make documentaries, docu-series, feature films, scripted shows and children’s programming for the popular streaming service.
On this week’s episode of Goss Chats, Goss.ie CEO Ali Ryan chats with award-winning makeup artist and MRS Glam creator, Michelle Regazolli Stone.
The celebrity MUA opens up about the ups and downs of living through the pandemic, and how her makeup range saved her.
#GossChats is sponsored by top Irish aesthetic clinic Haus of JeJuve.
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On this week’s episode of #GossChats @itsalirose chats with award-winning makeup artist and @mrsglambymichelle creator @mrsmakeup_ie The celebrity MUA opens up about the ups and downs of living through the pandemic and how her makeup range saved her. #GossChats is sponsored by @haus_of_jejuve