Prince Harry and Meghan sign megawatt Netflix deal

The streaming service, however, is known for backing up Brink’s trucks when it wants to be in business with high-profile people, particularly when other entertainment companies also want their services. In recent months, Harry and Meghan have quietly talked with Disney and Apple. Two executives involved in those discussions said representatives for the couple at one point were seeking a deal in the neighborhood of $100 million. Variety reported earlier this month that the couple had also met with NBCUniversal.

Harry and Meghan have been living in the Los Angeles area since March, staying for a time at a Beverly Hills mansion owned by Tyler Perry and delivering food to the needy during the early part of the coronavirus pandemic. They soon filed an invasion of privacy lawsuit against tabloid photographers, saying that paparazzi had flown drones overhead in an extreme effort to capture images of their son, Archie, who turned 1 in May. Harry, 35, and Meghan, 39, have since bought a $14.7 million home in Montecito, an oceanside enclave located about an hour north of Malibu where Oprah Winfrey and Ellen DeGeneres also have estates.

“We’re incredibly proud they have chosen Netflix as their creative home and are excited about telling stories with them that can help build resilience and increase understanding for audiences everywhere,” Ted Sarandos, Netflix’s co-chief executive and chief content officer, said in a statement.

Netflix is under pressure to keep its pipelines flowing as it competes for viewers with Disney+, Amazon Prime Video, HBO Max, Hulu, Peacock and the traditional broadcast networks. Family programming is particularly important to Netflix, and Harry and Meghan already have an animated series in development which is focused on inspiring women. Last week, Netflix released “Rising Phoenix,” a documentary about the Paralympic Games; Harry, who founded the Invictus Games for wounded veterans, appears in the film.

The production company being established by Harry and Meghan will operate independently from their charitable foundation, which is called Archewell. The couple shut down their previous philanthropic endeavor, SussexRoyal, in March after they agreed to stop using the term “royal” for commercial or charitable activities.