A royal expert is speaking out this week to claim that despite their multi-million dollar deal with Netflix, Meghan Markle and Prince Harry are still under serious financial pressure.
The Express reported that royal expert Daniela Elser stated that Meghan and Harry “have a lot to prove” and are “fighting against the clock” when it comes to their Netflix deal. She added that if they “don’t want to be written off as a marketing gimmick” they will need to “prove they are worth the investment.”
Elser pointed out that Meghan and Harry “haven’t exactly set Hollywood on fire” since moving there last year.
“The problem with this paradigm is that their entire money-making ability is pegged to their ability to generate good PR,” she explained. “Should interest in them wane, or public fatigue for the never-out-of-the-news duo set in, then their value could plummet.”
“While Harry and Megan’s financial future might outwardly seem rosy thanks to their Netflix deal (and their estimated $33.5million Spotify deal) look closer and things aren’t quite so shiny,” Elser added. “The Times has reported that, according to industry insiders, it is likely that their Netflix deal would be structured such that they receive a retainer of somewhere between $1.85million and $3.7million annually, and would then earn more as they release shows.”
“Given their costs for security and their home in Montecito have been estimated at around $5.9million, they would need their productions to be smash hits,” Elser said.
This comes after Meghan and Harry’s Archewell Productions company announced the second show from the Netflix deal the couple signed last year. The show is an animated program called “Pearl,” which will be produced by Meghan, and it will tell the story of the adventures of a 12-year-old girl inspired by influential women from history.
“Like many girls her age, our heroine Pearl is on a journey of self-discovery as she tries to overcome life’s daily challenges,” Markle said in a statement obtained by Variety. “I’m thrilled that Archewell Productions, partnered with the powerhouse platform of Netflix, and these incredible producers, will together bring you this new animated series, which celebrates extraordinary women throughout history.”
“David Furnish and I have been eager to bring this special series to light, and I am delighted we are able to announce it today,” she added.
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