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Financially independent Meghan and Harry could sign $72m Netflix deal

Harry and Meghan could sign a $72m Netflix deal. Source: Getty

A Netflix executive has confirmed the streaming giant would be interested in an Obama-style production deal with the Duke and Duchess of Sussex, Harry and Meghan.

When Netflix’s chief content officer, Ted Sarandos, was asked if his company would be “interested” in producing content with Harry and Meghan, he said yes.

"Who wouldn't be interested? Yes, sure," he said, according to a report from the Daily Mail.

The comment follows news that Harry and Meghan intend to be “financially independent”.

“After many months of reflection and internal discussions, we have chosen to make a transition this year in starting to carve out a progressive new role within this institution,” Sussex Royal’s Instagram stated.

“We intend to step back as ‘senior’ members of the Royal Family and work to become financially independent, while continuing to fully support Her Majesty The Queen.”

In his first public appearance since giving up his His Royal Highness title, Harry said: “Our hope was to continue serving the queen, the Commonwealth and my military associations, but without public funding. 

“Unfortunately, that wasn’t possible. I’ve accepted this, knowing that it doesn’t change who I am or how committed I am. But I hope that helps you understand what it had come to, that I would step my family back from all I had ever known to take a step forward into what I hope can be a more peaceful life.”

That “peaceful life” means the royals are free, however, to pursue other financial prospects. 

In fact, Meghan Markle is said to have already signed a voiceover deal with Disney in return for a donation to the Botswanan nonprofit Elephants Without Borders.

The former president and first lady, Barack and Michelle Obama, struck a multi-year production deal with Netflix in 2018 reportedly worth US$50 million (AU$72 million).

The Obama’s new production company, Higher Ground Productions, announced seven projects were already in the works for Netflix, including television shows, docuseries and films. 

“One of the simple joys of our time in public service was getting to meet so many fascinating people from all walks of life, and to help them share their experiences with a wider audience,” they said at the time. 

“That’s why Michelle and I are so excited to partner with Netflix — we hope to cultivate and curate the talented, inspiring, creative voices who are able to promote greater empathy and understanding between peoples, and help them share their stories with the entire world.”

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