Anonymous wrote:It's the Daily Mail, sure, but there seem to be a bunch of Hollywood types willing to dish on the status of Harry and Meghan's Netflix deal. Bottom line is that, as many speculated when it was announced, the "$100 million deal" was the ceiling, not the floor. They say it is understood that they cleared about $15 million for the documentary, but that's it. More discussion about the rest of their finances, as well.
https://www.dailymail.co.uk/news/royals/article-13092851/ALISON-BOSHOFF-Netflix-pull-plug-Harry-Meghan-fund-lavish-lifestyle.html
However, a source with knowledge of the situation says that essentially the Netflix deal is a dead duck.
‘The whole arrangement was basically the trade-off for Netflix getting the Harry & Meghan documentary. It was never the huge payday that the Press reported. The $100 million number was always a newspaper figure.
It’s thought they got a small fraction of that number up front, and everything from there on is largely contingent on performance. The fact is that the company [Archewell] has been relatively inactive so far.’
Rather than a massive lump sum, the deal consisted of a multi-year commitment from Netflix to cover the overheads of Archewell. This is said to be in the region of $3 million (£2.4 million) a year, of which the Sussexes will keep a small portion personally.
Most of that money is being spent on overheads and project development costs. Indeed, when Archewell bought the rights to make a film of Meet Me At The Lake it was reported that, quite unusually, Netflix had stumped up the $1 million (£800,000) cash rather than Archewell, reflecting the fact that the company is not swimming in funds.