Prince Harry and Meghan Markle have renegotiated their partnership with Netflix, and the new deal is a big change from their original agreement. The new contract is a real hit from what was initially given to the couple. This may be due to lower viewership than Netflix expected.
The initial agreement, signed in 2020, was a massive deal that gave them a guaranteed payout, per Express. However, this new arrangement, which is through their company Archewell Productions, is what’s known as a “first-look deal.” Essentially, it gives Netflix the first right of refusal on any of their proposed shows. If Netflix passes, they’re free to shop the project to other platforms.
