Overview

• Netflix confirmed its five-year, $100 million exclusive pact with Prince Harry and Meghan Markle will expire in September without renewal.
• The move follows Netflix’s strategic shift away from long-term talent contracts toward project-by-project collaborations focused on measurable returns.
• Sussex content saw a steep drop in audiences after their record-breaking 2022 docuseries “Harry & Meghan,” with shows like “With Love, Meghan” and “Polo” underperforming.
• Netflix will issue no formal announcement on ending the deal but remains open to one-off projects and is reportedly discussing a first-look option.
• Industry insiders warn losing a guaranteed multi-year agreement could increase financial pressure on the couple and prompt a rethink of their media strategy.