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Netflix signs content deal with Harry and Meghan

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Netflix (NASDAQ: NFLX) deepens its relationship with royalty.

According to various media outlets, the company has signed an agreement with the Duke and Duchess of Suffolk (aka Prince Harry and his wife, Meghan Markle) to produce new content for the video streamer. The couple’s newly formed production company will create entertainment programs under a multi-year deal, the terms of which were not disclosed.

Image source: Getty Images.

The couple, who stepped down from the British royal family earlier this year, will develop a range of shows and films for Netflix. These include documentaries, feature films and TV series, although few details were given.

While the Duchess is a former actress, the Los Angeles native has no credit as a producer; Harry either. She has no plans to start acting again, although the couple may appear in the documentary content they produce.

In a statement, they wrote: “Our goal will be to create content that informs but also gives hope,” adding that “As new parents, creating inspiring family programs is also important to us.”

Netflix is ​​no stranger to content from the couple’s high-profile extended family. The historical drama of the company The crown, on the life of the prince’s grandmother, Queen Elizabeth II, was a success; Netflix will soon be releasing its fourth season, of six to come.

Despite its deepening association with royalty, Netflix was not a stock market monarch on Wednesday. The company’s stock fell 0.7%, in contrast to the 1.5% gain in the S&P 500 index.

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