Prince Harry and Meghan Markle have signed a huge deal with Netflix

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A royal deal has been struck up between Netflix and Prince Harry and Duchess of Sussex Meghan Markle.

On Wednesday it was announced that the Duke and Duchess are entering the Hollywood game in having founded a production company (the name has yet to be announced) and signed a multiyear deal with Netflix, to make documentaries, docu-series, feature films, scripted shows and children’s programming. The announcement solidifies the couple’s plans to become financially independent from the Royal Family.

“Our focus will be on creating content that informs but also gives hope,” the couple said in a statement to The New York Times. “As new parents, making inspirational family programming is also important to us.” They added that Netflix’s “unprecedented reach will help us share impactful content that unlocks action.” Netflix has 193 million subscribers worldwide.

While the two will make appearances in some of their programing, Markle, who is a former actress known for her role in USA Network’s Suits, has said she is not going back into the world of acting as part of the deal.

Since the couple made their permanent home in Los Angeles this March they had been in touch with multiple different streamers who were interested in their content. In addition to Netflix, they met with Apple, Disney, and rumored NBCUniversal. Netflix ultimately won out but it hasn’t been reported as to how much money they are shelling out for the deal.

“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,” said Ted Sarandos, Netflix’s co-chief executive and chief content officer.

To be sure that they are living a life financially independent of the Britain, the couple’s production company will fully operate independently from their Archewell charitable foundation. They also shut down their previous charity endeavor, SussexRoyal, after agreeing to stop using the term “royal” for commercial or charitable activities.

This isn’t the first high profile celebrity couple Netflix has signed on in recent years, back in 2018 they struck a deal with Barack and Michelle Obama to produce shows and films.

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