Meghan And Prince Harry’s Netflix Deal TRUMPS Barak And Michelle Obama’s Deal

Meghan And Prince HarryAccording to insiders, those who are running the show at Netflix believe that signing Prince Harry and Meghan Markle will translate into an economic tsunami of epic proportions once the couple begins producing content.

Whether that pans out for the streaming platform remains to be seen, but it’s clear that Netflix has bet heavily on the Duke and Duchess of Sussex and their ability to perform. Indeed, according to sources, it’s been widely reported that Netflix invested in the neighborhood of $150 Million.

While Prince Harry and Meghan Markle’s moves have been compared to former President Barack Obama and his wife Michelle’s (they too signed a Netflix deal), there may not be a comparison in check size. While the Obamas did not divulge the size of their deal with Netflix, it’s known that they signed a book deal immediately previous to their Netflix deal that was in the $60 – $65 Million range. It’s believed by many that their Netflix deal wouldn’t be less than that.

Still, most believe that Prince Harry and Meghan Markle were offered a much higher financial windfall than were the Obamas. As one expert stated: “This is an economic earthquake for a streaming company and trumps the Obamas in size for sure. It sets on fire anything Harry and Meghan have done before in terms of precedent.”

What Will Harry And Meghan Do With The Cash?

Since signing their gigantic deal with Netflix, Prince Harry and Meghan have already repaid everything they owed to the British taxpayer vis-à-vis Frogmore Cottage in Windsor. As well, insiders believe that Prince Harry and Meghan will no doubt set money aside to ensure that the mortgage on their new $14.5 Million estates in the ultra-exclusive Montecito neighborhood of Santa Barbara is covered. There is now basically zero chance that Prince Harry and Meghan could ever default on that mortgage.

Additionally, now that Prince Charles is no longer funding Prince Harry and Meghan Markle through his Duchy of Cornwall at a rate of £2.4 Million per year, the Duke and Duchess of Sussex now have to pay for their own security costs. Whether this will see Prince Harry and Meghan Markle living large (larger than they already do) once the Coronavirus pandemic is behind us all remains to be seen.

Questions On Prince Harry And Meghan’s Production Deal

Of course, questions remain regarding the nature of the production deal that Prince Harry and Meghan Markle signed with Netflix. For example, is the $150 million paydays for the Sussex’s strictly profit for the couple? Will Harry and Meghan Markle’s production costs come out of that $150 Million? Or will Netflix pay for the cost of Meghan and Prince Harry’s productions separately?

Regardless, Prince Harry and Meghan may have traded one royal collar for another royally big noose. In other words, someone is going to be watching Prince Harry and Meghan very closely to ensure that the Netflix investment isn’t squandered.

As the chairman of Reputation Management Consultants, Eric Schiffer noted, “I think they’re going to have tremendous pressure to show they can create a quality product. My bet is that they’ll find the right team and Netflix will guide them because there’s just too much money involved. Netflix isn’t going to want to see this go up in smoke.”

Be sure to catch up on everything happening with Prince Harry, Meghan Markle, Prince Archie, and The Royal Family right now. Come back here often for all The Royal Family spoilers, news, and updates.



You might also likeMore from author

Comments are closed.