[Music]
back in 2020 prince harry and meghan
markle shocked the world when they
announced plans to officially quit their
roles as senior members of the royal
family the duke and duchess of sussex
subsequently left the united kingdom and
moved to santa barbara california it
wasn't long before the couple moved on
from their roles within the royal family
and in september 2020 it was reported
that the duke and duchess had signed a
multi-year deal with the streaming giant
netflix to produce tv shows movies and
children shows via the guardian however
almost two years after signing the deal
in may 2022 netflix announced that they
would not be moving forward with
markle's animated series pearl blaming a
lack of budget the independent reported
the announcement likely came as a blow
to the former royal couple and one royal
expert has claimed that the duchess of
sussex's future perhaps isn't so bright
commenting on netflix's decision to drop
meghan markle's animated series the
consultant editor of the daily mail
andrew pierce claimed that the streaming
platform had perhaps come to the
conclusion that the duke and duchess of
sussex are not the investment they
thought they were pierce claimed what
does it say about the fall from grace of
megan this contract is not even two
years old and they've realized already
that her celebrity is fading in the
united states adding that losing the
planned series pearl was likely a real
blow to markle's ego furthermore the
daily mail's diary editor richard eden
shared his belief that the netflix
announcement doesn't bode well for the
rest of the royal family either what's
so significant and what's frankly
worrying is that the only projects that
will get the green light from netflix
now will be very personal ones about the
royal family that puts them in an
awkward position because i don't think
they wanted to do that and certainly it
will make people nervous back at
buckingham palace prince harry and
meghan markle signed a deal with netflix
back in september 2020. according to us
weekly it was a multi-year deal to
create content including documentaries
movies series and children's programming
in which the couple was offered nearly
100 million dollars at the time of the
deal netflix ceo reed hastings said he
felt that what megan and harry were
bringing to the company was going to be
some of the most exciting most viewed
content vanity fair reports when the
deal was solidified it appears netflix
had partnered with the couple because of
how profitable projects about social
justice and equality were becoming for
the new york times ted sarandos
netflix's co-chief executive and chief
content officer said at the time that he
was incredibly proud prince harry and
megan have chosen netflix as their
creative home and are excited about
telling stories of them that can help
build resilience and increase
understanding for audiences everywhere
harry already has one project on netflix
rising phoenix a documentary about the
history of the paralympic games that
came out in august 2020 harry's other
projects follow a similar theme like
heart of invictus a docu-series about
the 2022 invictus games which netflix
confirms is still in the works per bbc
wahiri's projects are still seemingly
moving forward though we have to wonder
what this means for megan and her future
projects with netflix if there are any
netflix claims they drop meghan markle's
animated series because of issues the
company's having with bringing in new
money the bbc reports the company's
market value has dropped by 50 billion
dollars after a month of substantial
decreases in subscribers coupled with
fears of millions more set to leave the
streaming service the pandemic brought
people back in front of their
televisions driving membership rates up
now with so many different streaming
options and life returning to somewhat
normal getting new customers isn't as
easy for netflix as it used to be pearl
the show megan was set to executive
produce was going to follow the
adventures of a 12 year old girl who is
inspired by influential women from
history vanity fair reports david
furnish elton john's husband was slated
to executive produce the show as well
megan's show wasn't the only one on the
chopping block either two other series
dino daycare and boons and curses were
also cancelled for the bbc departments
within netflix also saw major cuts
including to doom an editorial operation
which laid off workers months after its
creation and another 25 staff members
were laid off from netflix's marketing
division sources told the daily beast
but with so much content already
available on the service and with so
many projects in development it's hard
not to wonder if megan's dropping
popularity has something to do with
netflix taking the axe to her project
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[Music]