Prince Harry and Meghan Markle have renewed their partnership with Netflix through a multiyear, first-look deal under their media company, Archewell Productions. The agreement, originally launched in 2020, will see the couple continue to develop film and television projects for the streaming giant. However, the new contract is reportedly less lucrative and more flexible than their initial deal, which was valued at $150 million. Netflix has removed the exclusivity clause this time, allowing Harry and Meghan to explore other opportunities. Despite the renewal, insiders describe the partnership as a downgrade and an expensive failure for Netflix, with some executives feeling undercut by Harry's memoir. The couple recently released a trailer for the second season of Meghan's Netflix series "With Love, Meghan," set to premiere on August 26, 2025. The show has faced criticism for its guest lineup and reception, particularly among British viewers. The renewed deal reflects a recalibration of expectations between the Sussexes and Netflix, with the streaming service uncertain about how to best utilize the couple's content. The partnership continues amid mixed reviews and evolving dynamics in their collaboration.