Prince Harry and Meghan Markle’s cash-eating Netflix deal “could be killed at any moment,” Netflix bosses warn

According to an industry insider, NETFLIX bosses have told The Duke and Duchess Of Sussex that they will end their multi-million dollar deal anytime they are unhappy with what they are producing.

The couple and their team at Archewell, who have reportedly signed a $100 million deal, have been told there are “no guarantees” their creations will be aired.

Harry and Meghan signed a multi-million dollar deal with Netflix after stepping down as senior royals in the UK

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Harry and Meghan signed a multi-million dollar deal with Netflix after stepping down as senior royals in the UK
One of the Duchess' projects was scrapped after the streamer didn't want it

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One of the Duchess’ projects was scrapped after the streamer didn’t want it

And it could mean they end up losing millions as they have yet to launch a show on Netflix and are reportedly looking to edit content produced for their new docu-series, according to Page Six.

The Sussexes are reportedly looking to review the tone of some of the statements and may delay its release until 2023, although it is set to be released later this year.

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However, the billionaire broadcaster’s executives have “final edit” decisions, where they can veto their clients’ proposals or even end deals.

If the service doesn’t greenlight any of its shows, chances are it’ll still get a kill fee, as is standard in the industry.

Netflix has already abandoned Meghan’s Project Pearl after deciding the content wasn’t what they wanted.

A Netflix LA advisor told The US Sun: “Harry and Meghan are in a difficult position right now.

“Sure, they might have concerns about what’s in the can and what they said about the royals on camera, but Netflix has the power.

“In reality, it’s their outlet and they have the final say on what’s on the air. No talent is bigger than Netflix.

“Even if there are concerns or the Sussexes are pushing back on what they want to put on screen, Netflix can move on.

“And should the streamer’s executives feel frustrated, feel like a stalemate has been reached, or frankly just fed up, they have every right to walk away altogether.

“The Sussexes and their team knew they were making this deal. Just because they’re a duke and duchess doesn’t make a difference. If no settlements or agreements are reached, the deal could work.”

The source explained that development contracts in Hollywood “always” end this way, and at the time of agreeing to a contract for a project, all parties have common goals.

DEAL COULE FOLDS

“However, if those goals are not met or the parties disagree, then everyone walks away amicably,” they said.

“Certainly no one is pushing Netflix executives around. With all due respect to Harry and Meghan, this is a deal within a multitude of substantive decisions that the leadership team is discussing on a daily basis.

“And sure, while they’re high profile, this deal is a commercial transaction.

“Netflix struck a deal with a promise of exclusive insight into the life and prospects of the Sussexes, which they felt would be a ratings success.

“If they’re unsure whether the content is delivering the ratings they want, that becomes a problem.

“Through pitch and content production meetings, it’s clear that Netflix prides itself on being an independent editorial broadcaster.

“They don’t just release whatever the contributors offer them — they can go to Youtube for that.”

The US Sun has reached out to Netflix and Archewell for comment but has received no response.

The source insists Netflix has not and will not pay the reported $100 million reported by The Sussexes.

“NO BIG PAYOUT”

He added, “They got a few million up front for development, but that’s just a small residual amount that Netflix would see as a necessary loss.”

In May, The Sun revealed that the huge fee associated with the Netflix deal isn’t “the full picture.”

A source said: “On the surface this large sum seems huge but the truth is their deal is all about budgets when shows are commissioned.

“Sure, they might have a few millions in an advanced development deal to produce ideas, concepts and film pilots, but they didn’t get a hundred millions.

“In reality, these sums would be given to cover the entire production costs of the project, with Archewell providing a breakdown of fees for all aspects of the show’s production.

“This also includes a broad understanding of profits for the company.

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“On some deals, companies can earn up to 20 percent of that amount, while others can only earn half of that. Every deal is different.

“But fees for writers or executive producers, like the Duke and Duchess, are often specific amounts that are set in production budgets.”

Harry and his wife have been filming a documentary series about life after leaving the UK

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Harry and his wife have been filming a documentary series about life after leaving the UK
The streaming giant has yet to air any of the couple's projects a year later

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The streaming giant has yet to air any of the couple’s projects a year later
The couple were reunited with their two children in LA after the Queen's funeral

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The couple were reunited with their two children in LA after the Queen’s funeral

https://www.the-sun.com/entertainment/6434300/prince-harry-and-meghan-markles-money-spinning-netflix-deal-could-be-killed/ Prince Harry and Meghan Markle’s cash-eating Netflix deal “could be killed at any moment,” Netflix bosses warn

DevanCole

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