Must Read
Meg in Shock and Awe as WME and Netflix Take Over Archwell Properties
In a surprising turn of events, it has been revealed that WME and Netflix have taken over the Archwell properties after recovering an advance payment of £2.3 million from the Duchess of Sussex.
The news comes as a shock to many, especially considering the recent announcements about the Sussexes' partnership with Netflix to adapt a romance novel into a film series.
Initially, it was believed that Meghan and Harry had personally funded the acquisition of the rights to the Carly Fortune, a story that resonates with their own personal experiences.
However, an insider has now disclosed to Page Six that it was actually Netflix itself that purchased the rights under their Art 2 Productions arm.
This revelation has led to speculation about the reasons behind Netflix's investment.
There have been rumors circulating that Meghan and Harry are facing financial difficulties, with some suggesting that they were forced to allow Netflix to buy a property in order to alleviate their financial burdens.
Allegedly, they had to relinquish half of their fortune earnings in exchange for Netflix acquiring the rights, which means there will be no direct profits for the couple from their deal with the streaming service.
It is possible that Netflix's intention is not to produce the adaptation, but rather to recoup some of the early advance payment made to the Sussexes.
In light of these developments, Meghan and Harry have decided to step back from the production aspect and focus on their family and humanitarian causes.
They have sold the rights to their book to Netflix, which will serve as a precursor to the film production.
This strategic move may be an attempt to save face for both parties involved, with WME emerging as the winner in this deal.
It has been suggested that WME aims to transform Archwell into an actual production company, and their connection to Netflix makes them a suitable partner for negotiating deals with authors and producing content like the adaptation of Carly Fortune.
However, there are doubts about the extent of Meghan and Harry's involvement in the production beyond being credited as producers.
Neither of them possesses any experience or expertise in the film industry, raising questions about their actual contributions to the project.
It remains to be seen how much creative input they will have.
Meanwhile, Netflix continues to capitalize on its success with another highly anticipated series.
The streaming giant is currently cashing in on the popularity of “The Crown,” a fictional adaptation of the British royal family.
In its upcoming sixth season, the show will depict a pivotal moment in royal history: Princess Diana's fatal car crash.
However, an executive producer of “The Crown” has assured the public that they will handle this sensitive event with utmost care and will not recreate Diana's death in detail.
The controversy surrounding Netflix's portrayal of the royal family has led to criticism from some quarters.
GB News presenter Patrick Christie has labeled Prince Harry a hypocrite for remaining silent on the matter, particularly since he had previously expressed his admiration for “The Crown” during an appearance on James Corden's show.
Christie argues that the audience often takes what they see in the show as factual, making Harry's silence all the more perplexing.
Speculation has arisen that his reluctance to speak out may be due to a lucrative contract with Netflix, which would explain his silence despite his tendency to voice his opinions on various other topics.
In conclusion, the recent developments involving WME, Netflix, and the Archwell properties have left many people in shock and awe.
The financial arrangements and potential conflicts of interest raise eyebrows, particularly regarding Meghan and Harry's involvement in the film production and Prince Harry's silence on sensitive portrayals of the royal family.