Meghan and Harry facing 'financial nightmare' as they struggle in Hollywood
Meghan Markle and Prince Harry "could face a financial nightmare" as they have an "alarming lack" of original content, according to a source.
The Duke and Duchess of Sussex have less than a year left before their lucrative Netflix deal ends and it's been suggested things are looking pretty bleak for them unless they start brainstorming some new ideas. One Hollywood boss warned Harry and Meghan could find themselves "walking a financial tightrope simply to survive".
Their company Archewell Productions is facing soaring costs in the entertainment industry, following last year's actors and writers strikes. And now, a source has suggested the Sussexes are facing a "make-or-break year" which could see them end up in financial crisis.
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Prince Harry and Meghan Markle could be in trouble (Netflix)Speaking to The Express, the source strongly warned: "What immediately worries me is the alarming lack of any other original content on their roster." Harry and Meghan have just one new production lined up with Netflix, despite their five-year $100million (£78million) contract being up for renewal next year.
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The couple will be producing a film adaptation of the best-selling novel Meet Me at The Lake. Netflix is said to have paid $3.8million (£2.9million) for the movie rights.
The source continued: "Netflix bought the book they are adapting but the question everyone in Hollywood is asking is: Can they actually pull this off without either of them having any real prior experience? This is a make-or-break year for them in every sense."
They're facing a make-or-break year (GETTY)The source warned 2024 could go either way for Meghan and Harry, with the couple either turning the project into a success or facing "financial nightmare if Netflix pulls the plug on a new contract". Meghan and Harry broke streaming records with their explosive Netflix docuseries, Harry & Meghan.
However, the show failed to rank in the top 200 shows on Netflix from January- June. When Harry’s series Heart of Invictus was released months later, it too flopped. Then, Meghan's animated series Pearl was quietly dropped by the streaming service after it failed to grab the attention of viewers.
The couple are thought to be facing a financial crisis as they have some pretty big outgoings. For starters, they bought a $14.6million (£11.8million) mansion in Montecito, California, when they left the Royal Family.
They also spend a lot of money on security for themselves and their two children - Prince Archie and Princess Lilibet. It's been reported that the bill for security is $2million (£1.5million). As well as security, the Sussexes pay for their own private travel.
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