Netflix quietly scraps Prince Harry and Meghan Markle’s lucrative Netflix deal after five years

In what’s been described as a “massive blow” to the Sussexes income, the streaming giant has scrapped its high-profile deal with the couple.

Prince Harry and wife Meghan’s $200 million deal with Netflix has been scrapped.

The streamer will not renew their contract when it expires in September, The Sun reports.

The Sussexes and Netflix have mutually decided not to make an official announcement, but streaming executives have quietly agreed to part ways.

It comes after Harry’s project, Polo, about the sport, was watched by just 500,000 people this year, according to Netflix’s latest “What We Watched” report, while With Love, Meghan was the 383rd most watched show, registering 5.3 million views.

Harry and Meghan signed a multi-year deal with Netflix upon moving to the US in 2020. Picture: Netflix

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It’s also understood that bosses were mildly infuriated by Meghan making her As Ever brand a priority.

Meghan is still set to release the second season of With Love, Meghan later this year.

“The deal is done. No more shows will be made,” a source said.

“Netflix feel they’ve got all they can from the couple.

“Netflix were clever in that they got a hell of a lot of viewers for the first documentary series, and knew, realistically, it would prove the zenith of content from the Montecito pair.

“They’re not unhappy with how things turned out — they got those initial hits, and produced one of the most talked-about shows of all time.”

The second season of With Love, Meghan will drop later this year. Picture: Jake Rosenberg/Netflix

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The source continued saying the “content got weaker from there”, though added there was no bad blood.

“There’s no animosity from either side. Things have just run their course,” the source added.

“Netflix execs are well aware Meghan’s priority now is her own brand, and they won’t play second fiddle to that.

“Publicly, there will not be a statement and of course, if things change dramatically, they’d be open to a one-off project down the line.

“But for Harry, especially, this will be a blow.

“It’s a huge loss of revenue.”

The Sussexes most successful project was their royal tell-all ‘Harry and Meghan’, released in 2022. Picture: Chris Jackson/Getty Images

Netflix CEO Ted Sarandos is believed to remain on good terms with Meghan.

The source said streamer Paramount+ was thought to be keen to work with the couple, who would be open to it if the right project came along.

Last month it was announced Netflix had signed a deal with King Charles and Idris Elba for a documentary exploring the impact of the King’s Trust.

And it was understood any deal with the Sussexes could be seen as a hindrance to that link-up.

Netflix declined to comment.

This story originally appeared on The Sun and was reproduced with permission

Originally published as Netflix quietly scraps Prince Harry and Meghan Markle’s lucrative Netflix deal after five years