Cover LONDON, ENGLAND - MARCH 05: Prince Harry, Duke of Sussex and Meghan, Duchess of Sussex attend The Endeavour Fund Awards at Mansion House on March 05, 2020 in London, England. (Photo by Samir Hussein/WireImage)

Six months since the couple rescinded their royal status, Prince Harry and Meghan Markle are now entering the field of entertainment as producers on streaming giant, Netflix

Prince Harry and Meghan Markle are making waves yet again — this time, in Hollywood. Half a year since their "decampment from the House of Windsor" — which caused a stir of global proportions — the couple has since settled into their new California home with one-year-old son, Archie. 

The new family, who had reportedly been in talks with Disney, Apple, and NBCUniversal, has since announced their new careers as producers for Netflix. Because both have limited experiences as such, some reporters have made parallels between their Netflix deal and the Obama Netflix deal, stating that drawing high-profile personalities into their roster of talents could help the streaming giant compete with other platforms such as Hulu, Amazon Prime Video, and Disney+.

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Prince Harry and Meghan Markle's new deal will allow them to produce documentaries, docu-series, feature films, scripted shows and children’s programming within a number of years. "As new parents, making inspirational family programming is also important to us, as is powerful storytelling through a truthful and relatable lens," the pair said in a statement. Their focus has reportedly been to create content that "informs and also gives hope". 

The word around Hollywood now is that several projects are already in development including an "innovative" new nature docu-series and an animated series that celebrates inspirational women. 

While Markle has no plans of returning to her former profession as an actress, both she and Prince Harry are likely to appear as guest stars in the shows they help create. 

Ted Sarandos, Netflix's co-chief executive and chief content officer, has stated that Netflix is "incredibly proud" to have been chosen by the couple as their "creative home". According to Sarandos, Netflix is also "excited about telling stories with [Prince Harry and Meghan Markle] that can help build resilience and increase understanding for audiences everywhere." 

While Netflix and the couple remain tight-lipped about the financial aspect of their multi-year contract, it's no secret that the streaming giant has had a history of paying astronomical sums to work exclusively with influential people. This not only includes their aforementioned deal with the Obamas but also with creators such as Kenya Burns (Black-ish), Shondra Rhimes (Grey's Anatomy), and David Benioff and Dan Weiss (Game of Thrones), each of which have been paid millions of dollars for exclusive contracts. The New York Times, who was the first to report this story, has also stated that the couple had been seeking a deal within the amount of at least US$100 million. 

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