News from Prince Harry: Duke and Meghan’s Netflix deal ‘is based on Heart of Invictus’ | royal | News
Last week, it was reported that Netflix had suffered a drop in the streaming service’s share price after the company missed its subscriber growth estimates. Following this move, Netflix removed several shows, including a project created by Meghan Markle and Prince Harry.
The couple signed a deal with Netflix in September 2020 which saw them commit to creating content that “informs but also gives hope”.
In an announcement, the couple said they have two ongoing projects.
The first, titled Heart of Invictus, is a docuseries that follows the contestants who competed in this year’s Invictus Games.
The sporting event for wounded, injured and ill service members was launched by the Duke of Sussex in 2014.
This year the Games were held in The Hague after being postponed twice before due to the COVID-19 pandemic.
The second project was an animated series called Pearl following a 12-year-old girl who finds inspiration in a variety of influential women throughout history.
However, it was one of several programs that Netflix cut and there is speculation that other projects could also be on the chopping block if the company’s financial difficulties continue.
Despite the show being scrapped, Netflix said Archewell Productions remains a valued partner and they continue to work together on several projects.
However, concerns have been raised over the longevity of Meghan and Harry’s deal as no details have been given of any other plans that may be in the works.
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Baruch Labunski, internet marketing expert and CEO of the web consultancy, says Meghan and Harry’s deal with Netflix now hinges on the performance of its upcoming documentary.
Although no figures have been confirmed, the pair’s partnership is expected to be worth around $100m (£72m).
The Sussexes have said they want to produce documentaries, docuseries, feature films, scripted shows and children’s shows, all of which aim to be “inspirational”.
Mr Labunski says Netflix’s recent financial difficulties now mean the company is able to “pressure” the Sussexes to deliver.
The founder of Secure Rank – a web design and internet marketing company – adds that the streaming service could inspire the couple to “do things the Netflix way” rather than leave creative control to them.
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He told Express.co.uk: “The couple’s $100million Netflix deal now hinges on the success of Harry’s Heart of Invictus project.
“The company is also in a good position to pressure the couple to do things the Netflix way rather than their own standards.”
Pearl was dropped alongside other offerings aimed at younger audiences, including the South Asian-inspired adventure Boons and Curses.
When announcing the project, which would see her team up with Elton John’s husband David Furnish, Meghan said she was excited to work with the “central” platform and team up with “producers.” incredible”.
In a statement, the Duchess said: “Like many girls her age, our heroine Pearl is on a journey of self-discovery as she tries to overcome life’s daily challenges.”
She added, “I am thrilled that Archewell Productions, in partnership with the mighty platform of Netflix and these incredible producers, is bringing you this new animated series together, which celebrates extraordinary women throughout history.
Netflix film crews followed the Duke and Duchess to The Hague last month for their Invictus Games documentary, but no date has been given for its planned release on the streaming platform.
News of the scrapped projects came after Netflix announced it lost 200,000 subscribers in the first quarter.
The company previously predicted that it would add 2.5 million subscribers to its ranks during this time.
As part of cost-cutting measures, the company also laid off staff from its marketing operation this week.
The job losses were particularly concentrated among the team working at Tudum, a storytelling website meant to market Netflix programming.