Comes after Netflix reported loss of 200,000 subscribers.
QUICK FACTS:
- Netflix is canceling its original series by Meghan Markle and Prince Harry, as the streaming service faces mass subscriber losses.
- Netflix axed the royal couple’s animated series titled “Pearl,” which was created by Meghan Markle through Archewell Productions, the company the Duchess of Sussex and Prince Harry launched at Netflix in the summer of 2021.
- Pearl would have followed a 12-year-old girl on a path of self-discovery inspired by famous female figures throughout history, according to IndieWire.
- Markle was an executive producer on the series along with Elton John’s husband, David Furnish.
WHAT MARKLE SAID ABOUT ‘PEARL’:
“Like many girls her age, our heroine Pearl is on a journey of self-discovery as she tries to overcome life’s daily challenges,” Markle previously stated. “I’m thrilled that Archewell Productions, partnered with the powerhouse platform of Netflix and these incredible producers, will together bring you this new animated series, which celebrates extraordinary women throughout history. David Furnish and I have been eager to bring this special series to light, and I am delighted we are able to announce it today.”
BACKGROUND:
- Netflix recently canceled two developing animated shows, “Dino Daycare” from executive producer Chris Nee, and an adventure series called “Boons and Curses.”
- The streaming company reported a loss of 200,000 subscribers during the first quarter and expects a loss of 2 million more subscribers in the months ahead.
- Netflix shares have dropped more than 40%.
