Netflix, which lost subscribers for the first time in more than a decade, on Monday canceled an animated series produced by Meghan Markle, the American wife of Britain’s Prince Harry, with the California-based couple having an affair with the giant. The deal happened. Produce content.
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Netflix confirmed in an email that it was closing the “Pearl” series project it announced last July, as well as citing “strategic decisions” regarding other anime series.
Meghan and Harry, who left the UK in 2020, founded a production company in California and struck a deal to produce content for Netflix. The “Pearl” series was meant to tell the story of a 12-year-old teenager encouraged by famous women in her personal development.
Netflix assured in its press release that it will continue to work with the couple and their production company, Archwell. After losing subscribers for the first time in more than a decade, Netflix is at risk of stagnation after a decade of rapid growth.
A first-quarter drop of just 200,000 net subscribers for Netflix on April 20, or less than 0.1% of the total, was enough for Wall Street to panic, with a stock cutting more than a third of its value. The sitting platform is forecast to drop two million net subscribers in the second quarter.
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