The deal struck by the Duke and Duchess of Sussex with Netflix is designed to deliver Meghan’s ultimate dream – an Oscar.
The couple, who live in an £ 11million mansion near Los Angeles, last week announced their plans to conquer Hollywood by producing ‘inspirational’ programmes in a multi-year contact with the US streaming company.
As well as securing millions of pounds to fund their lavish lifestyle, The Mail on Sunday can reveal that former Suits actress Meghan hopes the deal will land her an Academy Award, her childhood dream.
‘An Oscar is all Meg has ever wanted,’ said one long-time friend. ‘She used to practise her acceptance speech in the mirror with a hairbrush when she was a kid of seven. She would also practise her signature in preparation for all the autographs she would give.
‘Her absolute dream was to achieve the EGOT – the grand slam of showbusiness – which is winning an Emmy, Grammy, Oscar and Tony award.
‘Her acceptance speech has been ready for 30 years. Perhaps now she will get to use it.’ \
The Mail on Sunday can also reveal:
- The deal involves a yearly retainer of £2 million to £4 million plus a ‘fees for films’
- Harry and Meghan will not be able to use their royal titles on production credits
- They are determined not to be ‘rent-a-royals’ and will vet any Netflix publicity
- A company vice-president has been assigned to the couple to run their projects
The couple are following a strategy pursued by Barack and Michelle Obama, who signed a Netflix deal two years ago and won an Oscar earlier this year for the documentary American Factory.
Describing Harry and Meghan’s plans, their American spokeswoman gushed: ‘The focus will be on creating a wide-range of programmes about stories and issues that resonate with them personally – including highlighting issues that their non-profit [company] Archewell is focused on.
‘Enabling a more compassionate and equitable world isn’t just something they do through their non-profit, it’s a belief they hold and model themselves which will carry through in this venture.’