meghan harry
Prince Harry and Meghan Markle attend the Commonwealth Day Service on March 9, 2020, in London, England. Chris Jackson/Getty Images

KEY POINTS

  • Prince Harry and Meghan Markle signed a five-year multimillion deal with Netflix
  • The couple was reportedly paid $100 million to produce varying media content
  • Prince Harry and Markle's highly anticipated Netflix documentary premiered on Thursday

Prince Harry and Meghan Markle received a whopping $100 million for a five-year Netflix contract to release varying content, including the highly anticipated docuseries "Harry and Meghan," a report claimed.

The Duke and Duchess of Sussex reportedly signed the multi-million deal with the streaming platform in September 2020, months after the couple decided to step down from their roles as senior royals and relocated to California with their two children, 3-year-old Archie, and 1-year-old Lilibet, Forbes reported.

The alleged agreement would be the "biggest money maker" for the couple since they are expected to produce more content, including documentaries, docuseries, feature films, scripted shows, and children's programming, the outlet noted.

"Harry and Meghan" premiered Thursday on the streaming platform with the first three episodes of the six-part docuseries. Ahead of the release, Markle, 41, teased that it would focus on the couple's love story and also tackle the alleged racism the duchess experienced until their decision to leave the royal family, The New York Post reported.

"The piece of my life I haven't been able to share, that people haven't been able to see, is our love story," Markle said of the docuseries in an interview with The Cut, "I hope that is the sentiment that people feel when they see any of the content or the projects that we are working on."

The first three episodes of the series dived into more of the behind-the-scenes of the ups-and-downs of Prince Harry, 38, and Markle's relationship, including their first encounter through Instagram, their first kiss, the royal family's "reservations" about the duchess' career of being an American actress, the couple's bout with the British paparazzi and many more.

But critics slammed the series, claiming that it was "exactly the same story we always knew." British broadcaster Piers Morgan also commented on the series, saying it was "worse" than watching "Keeping Up With The Kardashians."

Aside from the Netflix docuseries, Prince Harry and Markle have started to build a career in the United States. The couple launched their nonprofit organization named The Archewell Foundation and signed a three-year podcasting deal with Spotify, estimated to cost around $15 million to $18 million, Forbes noted, citing multiple sources.

Spotify released the "Archetypes" podcast with Markle in August, which aimed to "investigate, dissect, and subvert the labels that try to hold black women back," according to the music streamer. It currently has 13 episodes with guest appearances from Serena Williams, Mariah Carey, Paris Hilton, Victoria Jackson, and many others.

Meghan Markle Prince Harry Lifetime movie
Prince Harry (Charlie Fields) and Meghan Markle (Tiffany Smith) in "Harry and Meghan: Becoming Royal," a Lifetime movie. Lifetime