Overview

• The five-year Netflix partnership that began in 2020 will expire in September with no renewal
• Initial success of the ‘Harry & Meghan’ docuseries has given way to steep viewership declines for later projects, including ‘With Love, Meghan’ ranking 383rd in early 2025
• Netflix will release ‘With Love, Meghan’ season two this autumn under a standalone agreement outside the original multi-project deal
• Netflix chief Ted Sarandos described the contract’s termination as amicable and suggested future Sussex content could be negotiated on a project-by-project basis
• With their Spotify podcast deal already ended, analysts say the Sussexes face a significant revenue gap and may turn to new media ventures beyond bulk streaming agreements