Prince Harry has suffered a huge loss of revenue as Netflix are refusing to play second fiddle to Meghan Markle's lifestyle business.
The Duke and Duchess of Sussex signed a lucrative deal with the streaming giant in 2020 after stepping down as working members of the Royal Family.
The couple's five-year Netflix contract, established through their production company Archewell, has yielded limited success beyond their initial documentary Harry & Meghan.
Whilst the documentary's premiere became Netflix's biggest documentary debut, their other Netflix productions, Heart of Invictus and Polo, have similarly failed to generate significant audience interest.
Getty
|Prince Harry has suffered a huge loss of revenue as Netflix are refusing to play second fiddle to Meghan Markle's lifestyle business.
Meghan Markle's second season of her lifestyle programme, With Love, Meghan, will still be released on Netflix later this year.
However, after the first season massively underperformed, Netflix have decided not to renew a deal with the Duke and Duchess of Sussex after their current contract expires in 2025.
A source told The Sun: "The deal is done; no more shows will be made. Netflix feel they’ve got all they can from the couple.
"Netflix were clever in that they got a hell of a lot of viewers for the first documentary series."
Getty
|The Duke and Duchess of Sussex's contract with the streaming giant will be allowed to expire this year.
The insider continued: "They’re not unhappy with how things turned out — they got those initial hits, and produced one of the most talked-about shows of all time.
"The content got weaker from there on. There’s no animosity from either side. Things have just run their course.
"Netflix execs are well aware Meghan’s priority now is her own brand, and they won’t play second fiddle to that.
"Publicly, there will not be a statement and of course, if things change dramatically, they’d be open to a one-off project down the line.
"But for Harry, especially, this will be a blow. It’s a huge loss of revenue."
LATEST ROYAL NEWS:
Getty
|Meghan Markle's second season of her lifestyle programme, With Love, Meghan, will still be released on Netflix later this year.
It comes as Meghan Markle's lifestyle programme failed to secure a place amongst Netflix's 300 most-watched shows for the first half of 2025, marking another disappointment in the couple's media ventures.
With Love, Meghan attracted just 5.3 million views, placing it at number 383 on the streaming platform's rankings.
The programme sits alongside decade-old content, matching viewing figures for the 2014 second series of Peaky Blinders and the fourth series of Suits from 2011, the legal drama that originally featured Meghan.
Initially, the series entered Netflix's global top 10 within 24 hours of release. However, viewership rapidly declined following a wave of critical reviews.