Harry and Meghan set for 'higher payout' from Netflix after £80million deal

18 November 2023 , 10:11

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The couple could see a big return following the strikes (Image: Netflix)

Prince Harry and Meghan Markle set for "higher payout" from Netflix after signing a £80million ($100million) five-year deal.

Following seven months of strikes in Hollywood, it was on November 9 when the SAG-AFTRA actors' strike finally came to an end. And back in September, after a four-month strike, the WGA writers' strike came to a halt. And now it has been claimed that the Duke and Duchess of Sussex could see a "substantial return" on their Netflix deal following the strikes.

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The Duke and Duchess of Sussex signed the deal with Netflix in 2020 (Peter Dejong/AP/REX/Shutterstock)

Back in 2020, Harry and Meghan signed a very lucrative deal with Netflix. Signing up for a five-year contract, it was reported that they signed on the dotted line for an eye-watering £80m ($100m) to produce documentaries, docuseries, feature films, scripted shows and children's programmes.

Since their deal was confirmed, the Sussexes have worked on their bombshell six-parter titled Harry & Meghan, as well as Harry's Heart of Invictus documentary. They have also since gained the rights to the romantic novel Meet Me At The Lake by Carley Fortune, with it set to be made into a film, as per various reports.

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And now, an expert has weighed in on the way in which the Hollywood strikes coming to an end could lead to a "substantial return" for the couple. Entertainment expert and founder of MarkMeets, Mark Boardman told Newsweek: "With the SAG-AFTRA strike at a close, it opens up the possibility that any previously paused studio deals involving Harry and Meghan, which were put on hold during the four-month strike, may now be back on the table for intense discussions ahead of their Christmas break.

"Following the improved terms for creators and actors, alongside protection from potential AI use, this now presents a promising scenario for the industry and the Sussexes. These improved terms will lead to a substantial return on successful projects for all stakeholders with higher payments for streams."

He went on to add: "However, initial fees are likely to be lower because of this higher earning potential should the show be a success. For the Sussexes, this could be an opportune time to leverage the new conditions for their future projects, particularly in the production of scripted content for streaming platforms like Netflix."

This comes after the Duchess stepped out at an event and teased some exciting things that are in the pipeline. Meghan attended Variety magazine's Power of Women gala in Los Angeles on Thursday night, with the former actress teasing: "We have so many exciting things on the slate. I can't wait until we can announce them, but I'm just really proud of what we're creating."

Mollie Quirk