But the new deal is considerably different from the previous one they struck back in 2020, reportedly worth £74million. Much like the Obamas, Netflix will now hear the Sussexes' ideas for potential projects first before deciding whether to obtain the rights to them.
Now, according to a PR expert, the latest move suggests that the streaming giant is "pivoting away" from Harry and Meghan.
Harry & Meghan documentary series teased in Netflix trailer
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PR and crisis expert Mark Borkowski told the Mirror: I think Netflix has done a very neat job of pivoting away from two very expensive people who didn’t deliver, and they’ve taken that deal off the table, and they’ve given them a modest one."
The expert dubbed the new deal a "downgrade" and said Netflix are not more cautious of the couple, as apart from their first bombshell docuseries in 2022, the rest of the projects did not sky rocket.
He explained: "It’s not like they’re gradually uncoupling. It’s a downgrade.
"Netflix are not going to expose themselves to those budgets again, and it’s Netflix saying, 'Well, look, let’s have a look at your content, but we’ll pick and choose, mate. '"
Details regarding the deal's worth have not ben revealed, however, Mr Borkowski suggested that it could be a "pay-as you go" deal.
He said:" I would be surprised if it’s not pay as you go and it’s well, well below that first mark (of an estimated 100 million dollars)."
A representative for the Sussexes declined to comment on the financial arrangements of the deal.
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