Meghan Markle and Prince Harry are braced for a financial blow as their Netflix deal is set to end in next year, a royal commentator has exclusively told GB News.
The Duke and Duchess of Sussex signed a five-year contract with the streaming giants in 2020 after stepping down as working royals.
The now Californian-based ex-members of the Firm have seemingly adopted a new business strategy, focusing on separate projects personal to their specific brands and demographics.
Royal commentator Richard Fitzwilliams suggested that the renewal of the contract, worth £80million back in 2020, is “absolutely pivotal” for the strategy to continue.
Meghan Markle and Prince Harry are braced for a financial blow as their Netflix deal is set to end in next year, according to a royal commentator
PA
Fitzwilliams told GB News: “Their separation of work is being tried out, and it worked perfectly well in the sense there have been no glitches. What they need is her cookery series for Netflix.
“What is absolutely pivotal is the renewal of the contract with Netflix next year, so precisely what happens in the coming months financially is vital.
“They lost Spotify a while ago, and it doesn’t seem there is anything substantial financially that we know of that is coming up.
“When American Riviera Orchard and Meghan’s cookery show is launched, that will certainly give her a good deal more than her occasional appearance.”
Meghan Markle and Prince Harry signed a five year Netflix deal which is set to expire in 2025PAMeghan is thought to be releasing a new Netflix project next year, which will focus on “the joys of cooking, gardening, entertaining, and friendship”.
The show will be released alongside the duchess’s lifestyle brand, American Riviera Orchard, which was first teased in March but reportedly remains without an official release date following several setbacks.
The royal couple experienced great success when they launched their record-breaking debut series, Harry & Meghan, but have failed to hit the same numbers in their more recent ventures.
Regarding the couples latest Netflix project, Polo, released in early December, Fitzwilliams said: “I don’t think anyone was expecting that to have huge ratings.”
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Harry and Meghan experienced great success when they launched their record-breaking debut series
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He added: “There is no suggestion that Meghan is thinking of going into politics, which I thought at one time she might, but certainly not now, where clearly anything said might enrage Trump, who becomes President in January.
“They have a profile at a certain level. Harry and Meghan were in Times 100 in 2020, so they have a brand, they have got their admirers, and they have got a profile.
“They’ve changed their tactic, and we will see what it adds up to in the next year.”