Prince Charles stops funding Harry and Meghan after their multi-million dollar Netflix deal, says report
The couple announced in January that they would start to 'work to become financially independent'
Prince Harry and his wife Meghan are no longer getting financial support from Prince Charles, the Newsweek claimed. The revelation came a week after the pair signed a multi-year deal with Netflix to produce shows and movies that not just give information, but also “hope”.
Harry and Meghan announced in January that they would be stepping down from their senior royal duties and also would start to "work to become financially independent.” "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,” a statement from them in January read.
At the time the duo revealed that they were quitting the palace, they said that 95 percent of funding for their private office came from Prince Charles. They also shared that they won’t receive public funding after quitting their royal roles. However, until now, it was believed that they have still been getting monetary support from the estate of the Prince of Wales, the Newsweek reported.
Last week, Harry and Meghan’s yet-to-be-named production company signed the deal with Netflix. Under the deal, the amount of which has been estimated between $50M and $100M, the Sussexes will be paid for making documentaries, docu-series, feature films, scripted shows, and children’s programming by the streaming giant. The pair might be seen in front of the camera, but that does not mean Meghan is returning to acting.
"Our lives, both independent of each other and as a couple, have allowed us to understand the power of the human spirit: of courage, resilience, and the need for connection. Through our work with diverse communities and their environments, to shining a light on people and causes around the world, our focus will be on creating content that informs but also gives hope. As new parents, making inspirational family programming is also important to us, as is powerful storytelling through a truthful and relatable lens,” Harry and Meghan said last week.
According to reports, the Netflix deal comes weeks after the parents-of-one bought their own home in June. They shifted from Tyler Perry's mansion that is located in the Beverly Ridge Estates in Los Angeles to their $14.7M Montecito mansion in July. The mansion features nine-bedrooms, 16 bathrooms. "They have settled into the quiet privacy of their community since their arrival and hope that this will be respected for their neighbors, as well as for them as a family," their rep said in a statement in August.
“Meghan visited Montecito in her teens and fell in love with the picturesque scenery and stunning architecture. Moving there was always an option, but to begin with, she and Harry wanted to give Los Angeles a shot. Unfortunately, Harry absolutely hated it — the timing was so wrong amid the [coronavirus] pandemic and they lacked privacy,” a source told Us Weekly in August. While another source added: “Meghan’s taking time off to update some of the rooms to suit their style, including their and Archie’s bedrooms, the main living area, the kitchen, and the gym.”