Is Prince Harry and Meghan Markle's new Netflix deal another humiliating blow? Royal expert explains

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00:00Prince Harry and Meghan Markle have extended their Netflix deal.

00:05Now, that sounds like a pretty good piece of news for anyone who's interested in the filming industry.

00:10However, as with all things Harry and Meghan, this new deal with Netflix has its fair share of complications.

00:17Number one, insiders tell Page Six that it is worth substantially less than the $100 million contract

00:23that they previously signed with the streaming giant.

00:26Number two, the deal has actually been downgraded.

00:30Now, while Harry and Meghan previously had what's described as an overall contract with Netflix,

00:36which basically means that the streaming giant took care of everything from sign-off on the projects

00:40to filming to production and so on, this new deal is described as a first-look contract.

00:47What that means is that Harry and Meghan will come up with the ideas for their projects,

00:51they'll film them, they'll produce them, they'll do all of that stuff,

00:54and it's up to Netflix to either thumbs up or thumbs down each individual series.

00:59Now, Harry and Meghan do already have a number of different projects in the work with Netflix,

01:05the first of which is a holiday special of Meghan's rather divisive lifestyle show,

01:10With Love, Meghan.

01:12According to a statement released by Netflix and the couple's Archwell production company,

01:16the series special is going to take a look at her decking the halls,

01:21not in her own Montecito home, of course,

01:23but decking the halls of some home somewhere along with her friends, perhaps even a few celebrities.

01:30Chances are Mindy Kaling won't be returning,

01:33given the reprimand she got for referring to Meghan as Meghan Markle and not Meghan Sussex,

01:38but who knows who else Meghan will pull out of the bag.

01:41Then they have a documentary in the works that is going to spotlight an orphanage in Uganda

01:46in an area that is still being impacted by the HIV and AIDS epidemic.

01:51Now, Prince Harry has a lasting connection to this region of the world,

01:54which began with his mother, Princess Diana,

01:57who did extensive work in Africa helping victims of AIDS and HIV during her life.

02:04A third project, which is an adaptation of Carly Fortune's book,

02:07Meet Me at the Lake, has been in development for some time now,

02:10and this announcement prompted many fans to question where on earth it is.

02:15While Meghan didn't address that speculation whatsoever,

02:18she did release a statement voicing her pride at the extended deal.

02:23Meghan's personal brand, As Ever, is also closely linked with Netflix,

02:27which is one of her business partners in the endeavor.

02:30During her lifestyle show, With Love, Meghan,

02:33she was seen touting a number of different products that her brand has since released,

02:37and she explained in a press release that they look forward to expanding the work

02:41that those two brands are going to do together.

02:44In a press release obtained by Page Six, Meghan wrote,

02:47We're proud to extend our partnership with Netflix and expand our work together

02:51to include the As Ever brand.

02:53My husband and I feel inspired by our partners who work closely with us

02:57and our Archwell Productions team to create thoughtful content across genres

03:02that resonates globally and celebrates our shared vision.

03:05Meanwhile, Netflix's chief content officer, Bella Baharia,

03:09said that the company is looking forward to being able to entertain their members

03:13along with Harry and Meghan.

03:14So, Netflix is fully invested in the Sussex brand,

03:18despite the fact that their past collaborations have had mixed results.

03:23While With Love, Meghan received a number of viewers in its first few episodes,

03:28a lot of people panned the series for being boring,

03:31with one person even describing it as the visual representation of a sleeping pill.

03:35Meanwhile, a documentary that Harry produced

03:37all about the secret world of glamorous professional polo

03:42was panned by critics,

03:44largely because it featured Prince Harry barely at all,

03:47with many insisting that the only reason they want to watch anything

03:50produced by the Sussexes is to see the Sussexes.

03:54Now, that's in stark contrast to the documentary

03:57that Harry and Meghan produced about themselves,

03:59in which they did offer a very intimate glimpse inside their lives

04:03since leaving the royal family.

04:04That has thus far been their most successful project for Netflix,

04:08but it remains to be seen whether or not

04:10they're going to open up the doors to their Montecito mansion ever again.

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