Prince Harry and Meghan Markle are extending their Netflix partnership, but we hear their new contract is “much” less than their previous “$100 million deal” with the streaming company.

“It’s not much,” an insider told Page Six on Monday. “It’s no risk for Netflix but saves them both reputationally.”

Reps for the couple did not immediately respond to Page Six’s requests for comment.

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Prince Harry and Meghan Markle’s new Netflix partnership is less than their previously reported $100 million deal.Netflix

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“It’s not much,” a source told Page Six on Monday.Netflix
Harry and Markle’s company, Archewell Productions, and Netflix announced Monday that the couple agreed to a new first-look deal ahead of their current contract ending in September.

Under the new deal, the Duke and Duchess of Sussex will still have to run their ideas by Netflix. From there, the streaming service will decide whether it wants to obtain project rights to the duo’s pitches.

Viewers can expect to see an expansion of Markle’s lifestyle brand, As Ever, grow on the big screen. Season 2 of her Netflix series, “With Love, Meghan,” is set to be released in late August, a press release obtained by Page Six Monday revealed.

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“It’s no risk for Netflix but saves them both reputationally,” the source added.AP

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On Monday, Netflix and the couple’s company, Archewell Productions, announced their new first-look deal.JAKE ROSENBERG/NETFLIX
The “Suits” alum will also be releasing a special “With Love, Meghan: Holiday Celebration” episode in December, featuring “holiday wonder with warmth, tradition, and a generous dose of joy” with “friends and family.”

Later this year, a short documentary — titled “Masaka Kids, A Rhythm Within” and produced by Markle and Harry — will also be released, highlighting a small orphanage in Uganda, where “children transform hardship into joy, dancing their way toward healing, belonging, and the promise of a brighter future.”

Other Archewell Productions projects in development with Netflix include an adaptation of Carley Fortune’s book, “Meet Me at the Lake.”

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The deal requires Harry and Meghan to run their ideas by Netflix.Netflix

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The streaming company will choose whether to obtain project rights.Netflix
“We’re proud to extend our partnership with Netflix and expand our work together to include the As ever brand,” the actress wrote in a statement obtained by Page Six.

“My husband and I feel inspired by our partners who work closely with us and our Archewell Productions team to create thoughtful content across genres that resonates globally, and celebrates our shared vision.”

In a separate statement, Netflix’s Chief Content Officer, Bela Bajaria, said that the company looks forward to being able to “entertain [their] members together.”

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“We’re proud to extend our partnership with Netflix and expand our work together to include the As Ever brand,” the “Suits” alum wrote in a statement obtained by Page Six.COURTESY OF NETFLIX

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“My husband and I feel inspired by our partners who work closely with us and our Archewell Productions team to create thoughtful content across genres that resonates globally, and celebrates our shared vision,” she continued.Netflix
“Harry and Meghan are influential voices whose stories resonate with audiences everywhere,” the businesswoman wrote, referring to the couple’s 2022 “Harry & Meghan” series, which “gave viewers an intimate look into their lives and quickly became one of [Netflix’s] most-watched documentary series.”

“More recently, fans have been inspired by ‘With Love, Meghan,’ with products from the new As Ever line consistently selling out in record time.”

Last month, Page Six exclusively reported that Harry and Meghan were continuing their partnership with Netflix. Industry experts had previously informed us that the company’s CEO, Ted Sarandos, is a huge fan of the royals and dines with them regularly.

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Season 2 of “With Love, Meghan” will be released later this month.Netflix

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Several other projects are also in the works.Netflix