Netflix Has Canceled Meghan Markle’s Upcoming Series

The past days have been disastrous for Netflix as the giant streaming platform has canceled an upcoming animated series by Meghan Markle and David Furnish to cut costs.

According to a report by Deadline, Netflix has abandoned “Pearl”, the animated show created by Meghan Markle with Archwell Productions. This production house was formed by Prince Harry and Meghan Markle at Netflix in September 2020. Archwell Productions was set up to develop films, documentaries, scripted series and children’s shows.

Pearl was still under development when Netflix decided to drop it. Back in July 2021, the series was introduced as a family-focused show where the main character is a 12-year-old girl who gets her inspiration from strong women in history.

Markle stated that the leading character Pearl is going through a self-discovery journey whilst she overcomes life’s everyday difficulties, just like many young girls. She said she was excited because of this collaboration between Archwell Productions and Netflix to bring a show which celebrates strong and inspiring women in history.

Prince Harry and Meghan Markle signed a $100 million deal with Netflix to create scripted shows and documentaries for Netflix. Just a week ago, Netflix dropped two children’s shows, “Boons and Curses” and “Dino Daycare”, that were under production.

According to Fortune, Netflix lost a big number of subscribers for the very first time in 10 years. The streaming giant lost around 200,000 subscribers in the last quarter, and the stock price went down by almost 38%. From year to date, the stock plummeted by more than 68%. It was S&P 500’s worst-performing stock of the year.

It is believed things will get worse for the streaming giant before they get better. On Thursday, Netflix fired more than two dozen employees. It’s running out of a marketing policy and is changing its marketing division for the second time in three years.

Meghan and Harry signed a deal with the audio streaming platform Spotify in December 2020, through their company Archwell Audio to create podcasts that motivate and uplift the audience. This deal was worth $30 million. They have not made any content for Spotify yet. However, Markle made an announcement in March that her podcast would be named “Archetypes” and it would deal with exploring and dissecting labels that hold back women.