Entertainment director Pactor recently disclosed Netflix's stern warning to Meghan regarding a failed show.
Loose Women presenter Jane Moore responded to Prince Harry and Meghan Markle's latest venture. The Sussexes are reportedly collaborating on two upcoming Netflix series: a cookery show featuring Meghan and a polo-themed program starring Harry. While specific details remain undisclosed, British audiences are anticipated to eagerly consume content centered around the royal couple, as suggested by Netflix executive Ted Sandos.
Expressing hopes to replicate past successes, the Sussexes aim to captivate audiences with their new offerings. Jane Moore, in reaction to ITV panelists and Mr. Sandos' remarks, succinctly emphasized the public's intrigue and readiness to tune in. In her latest column for The Sun, she opined, "As Megan and Harry launch two new Netflix shows, its chief executive says you may love them or hate them, but you're watching. They're controversial, but that's usually a good thing."
Furthermore, the soft launch of Megan's inaugural product from her new brand, American Riviera Orchard, occurred this week. She distributed 50 jars of strawberry jam to a select group of friends and influencers. While the launch received no criticism, Michael Cole of GB News noted its connection to the Sussexes' deal with Netflix. He cautioned that Netflix expects returns on their $100 million investment and advised the couple to actively engage with their audience.
Michael Pactor, a managing director at Bush Securities with extensive experience in movies, entertainment, and tech, explained Netflix's continued collaboration with the Sussexes despite Spotify's disengagement. He attributed this to the contractual obligations stemming from the $100 million deal, which Netflix had brokered with numerous high-profile figures, including the Obamas, Ryan Murphy, and Shonda Rhimes.
Pactor clarified that the $100 million deal, spanning five years, covers all expenses, including staff salaries and production costs. He speculated that the proposed shows would likely be cost-effective to produce, considering Harry's polo matches and Meghan's culinary skills. This productivity prospect could bode well for both parties, as the Sussexes merely need to showcase their daily lives.
Moreover, maintaining a positive rapport with the Sussexes could prove advantageous, especially amid potential royal family controversies. Netflix, reluctant to engage in any potential public fallout, may opt to wait out the duration of their contract. However, the impending end of their contract in April may prompt a mutual parting of ways, with the Sussexes possibly transitioning to Paramount.
