Prince Harry and Meghan Markle have signed a new multi-year first-look deal with Netflix through their media company, Archewell Productions. This renewed partnership, initially launched in 2020, allows Netflix the first refusal on their film, television, and documentary projects but is less lucrative and more flexible than their original agreement. The initial deal was reportedly valued at around $100 million to $150 million, while the new contract is worth less, reflecting a scaled-back commitment. The new terms remove exclusivity clauses, giving the Sussexes greater freedom to develop projects outside Netflix. Despite the reduced financial scope, the couple remains actively involved in producing content, including the upcoming second season of Meghan's series "With Love, Meghan." Netflix insiders have expressed uncertainty about how to best utilize the Sussexes under the new arrangement, which some describe as a downgrade from the previous blockbuster deal. The renewed collaboration continues amid mixed reactions to the couple's media ventures and follows the release of Prince Harry's memoir, which reportedly caused some tension within Netflix.