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This disparity indicates that while there remains some audience interest, the performance of Harry and Meghan’s projects has been underwhelming. It suggests that the initial buzz has dimmed and that Netflix’s investments have not translated into the high viewership levels they may have hoped for.
Strategic Recalibration by Netflix
In light of these developments, Netflix is opting to scale back its collaboration with Harry and Meghan. The new deal is described as a first look agreement—meaning the Sussexes will present new ideas to Netflix first, but the platform holds the right of refusal. If Netflix declines, the projects can then be pitched elsewhere.