MEGHAN Markle and Prince Harry could earn almost £200MILLION with bonuses thanks to their new Netflix deal.
The Duke and Duchess of Sussex last night revealed they had signed a production deal with the popular streaming service.
PR guru Jonathan Shalit estimated the couple would earn a signing fee of up to £75million with the deal skyrocketing to potentially $250million – equal to almost £190million – with bonuses as the productions began to be rolled out.
He tweeted: “Wow ….. I estimate Harry and Meghan will have a signing fee of between $50 and $100 million and with bonuses they could earn $250 Million plus – this is a massive historical deal – scale like no other.”
While the details of the deal have not been made public, Netflix is rumoured to have previously paid big bucks to get producers on side for multi-year deals.
Former US President Barack Obama and wife Michelle Obama signed a deal with the streaming service – with rumours it was a “high 8-figure” sum.
It comes as…
- Meghan Markle and Prince Harry said they wanted their productions to “unlock action” and “give hope”
- The couple had been involved in talks with NBC and Disney before signing with Netflix
- Meghan will think she’s getting full creative control and be the “Mother Teresa” of Netflix shows, an insider claimed
- They are already working on an animated show to inspire women
Meanwhile, the creator of Grey’s Anatomy, Shonda Rhimes, signed a five year deal worth $150million (£112m) while the creator of Glee, Ryan Murphy – reportedly earned $300million (£225m) for a five year deal in 2018.
The Duke and Duchess of Sussex, who have never produced a TV show, will make documentaries, films, scripted and kids’ programmes as part of the deal.
The couple, who quit royal duties in March and now live in the US, said they wanted their “impactful” output to “unlock action” and “give hope”.
And the PR guru Mr Shalit told the Sun the deal was “staggering”, adding: “Never before has a Hollywood studio got hold of British royal family – this is historic.”
The Sussexes, who moved to LA in March after their split with the royal family, have founded a production company which has yet to be named.
Last night it emerged they already have an animated series in development which is focused on inspiring women, according to the New York Times.
Announcing the deal last night, the couple said: “Our lives, both independent of each other, and as a couple have allowed us to understand the power of the human spirit: of courage, resilience, and the need for connection.
“Through our work with diverse communities and their environments, to shining a light on people and causes around the world, our focus will be on creating content that informs but also gives hope.
“As new parents, making inspirational family programming is also important to us, as is powerful storytelling through a truthful and relatable lens.”
A source told Omid Scobie – who recently released the explosive unauthorised biography Finding Freedom about the couple – said they were “committed to highlighting diverse voices in front of and behind the camera”.
Meghan, 39, and Prince Harry, 35, are not expected to star in front of the cameras for their productions.
The last time Meghan acted was on the hit show Suits, however in her first post-Royal gig she provided the voiceover for a Disney Plus documentary.
The deal will see them produce content for Netflix’s 193m subscribers.
Before signing with Netflix, Harry and Meghan held talks with Disney and Apple, the New York Times reports.
Last month, it was reported the Sussexes also held talks with NBCUniversal.
Today’s historic Netflix deal comes after Harry was filmed appearing to lay the groundwork for his wife’s Disney voiceover deal six months ago.
He was overheard revealing Meghan Markle’s interest to Bob Iger, the Disney chief at the London premiere of the Lion King last July.
Ted Sarandos, Netflix’s co-chief executive and chief content officer, said in a statement: “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.”
Earlier this summer, the royal couple moved into a £11m home in Santa Barbara after their stay in Tyler Perry’s £14m LA mansion.
The couple now live in a £11m nine-bedroom and 16-bathroom mansion in upscale Montecito, Santa Barbara.