Prince Harry and Meghan Markle have extended their partnership with Netflix, continuing their collaboration that began in 2020. The new multiyear deal, signed through their media company Archewell Productions, will focus on developing film and television projects but on more limited and flexible terms compared to their initial agreement. The original deal was reportedly valued at $100 million to $150 million, while the renewed contract is worth less and lacks exclusivity clauses. Netflix announced the extension amid mixed reactions, with some insiders describing the original deal as underperforming and an expensive failure for the streaming giant. The couple's series "With Love, Meghan" is set to return for a second season on August 26, 2025, with a trailer recently released. Despite the scaled-back nature of the deal, Harry and Meghan remain committed to producing thoughtful content for Netflix. The renewal dispels previous speculation about a complete split between the Sussexes and Netflix. The new agreement also reflects a shift in Netflix's approach to utilizing the couple's content amid challenges in attracting high-profile guests for their shows.