$60 Million Deal: Beyonce And Netflix Have More Projects Up Their Sleeves
“Homecoming” wasn’t the last we’ll see of Beyonce on Netflix, there are TWO more projects coming according to Variety. Queen Bey was paid handsomely after Netflix struck a three-project with the entertainment giant. Reportedly the deal is worth a whopping $60 Million.
Netflix wasn’t the only platform to try to strike a deal with Mrs. Carter. Reportedly, HBO was also interested in airing Beyonce’s specials but backed out when Netflix came in with a richer offer. Previously, HBO aired her 2016 “Lemonade” film as well as her 2014 “On the Run Tour” concert special with husband Jay-Z and 2013 doc “Life Is But a Dream”.
The first of the three Netflix specials is “Homecoming,” the behind-the-scenes documentary chronicling her Beychella performance, which premiered on April 17. Beyonce Knowles-Carter is credited as executive producer, writer, and director, while production costs for the project hovers around $20 million.
The last $60 Million deal made between a single entertainer and Netflix was with comedian Dave Chappelle in 2016. Television visionaries like Shonda Rhimes and Ryan Murphy, have deals with the streaming service worth $100 million and $250 million, respectively.
Are YOU excited for more Beyonce originals on Netflix?!