Meghan Markle speaks out about changes to Netflix deal

Meghan Markle recently opened up about the changes to her Netflix deal, highlighting the exciting opportunities it brings for her and Prince Harry. The royal couple initially signed a multi-million dollar five-year contract with Netflix after stepping back from their royal duties and moving to the U.S. in 2020. When this deal expired in September, there were speculations in the media that they might be dropped by the platform. However, they renewed their partnership with a new “first-look” deal, giving Netflix the first option on their upcoming projects.

Some viewed this renegotiation as a downgrade, but brand and culture expert Nick Ede saw it as a positive move for Meghan and Harry. He emphasized that having Netflix still supporting them is a significant win, given the platform’s status as a major player in the entertainment industry.

During the Fortune’s Most Powerful Women Summit, Meghan explained the transition from their previous overall deal to the current first-look deal with Netflix. She underlined the flexibility it provides, allowing them to pitch projects to other partners while still collaborating with Netflix. In addition to their content production, Netflix has also invested in Meghan’s online shop, As Ever, which sells a variety of products.

Meghan hinted at potential changes in the format of their cooking show, “With Love, Meghan,” suggesting a possible pivot towards social media content. Despite Season 2 not achieving top rankings on Netflix, Meghan expressed optimism and described it as a learning experience. She also touched on her complex relationship with social media and the important role it plays in business.

Looking ahead, Meghan will be releasing a holiday special of “With Love, Meghan” in November. The couple’s journey with Netflix continues to evolve, with new opportunities on the horizon.