Netflix canceled an animated series created by Meghan Markle as part of the measures taken to save costs after disappointing first quarter results.
The streaming giant confirmed in an email to AFP on Monday the cancellation of the Duchess of Sussex’s “Pearl,” a series about a 12-year-old girl who is inspired by female historical figuresannounced in July of last year.
The measure is due to “the strategic decisions that Netflix is making around animated series,” said the company, which also discarded other children’s series, such as “Dino Daycare” and “Boons and Curses.”
Markle and her husband, Prince Harry, signed an agreement to produce content for Netflix after abandoning their duties as royals in Great Britain.
The couple, who moved to California, created the company Archewell Productions, named in honor of their son Archie.
In 2020, Henry and Meghan announced that they would create a documentary series about the Invictus Games for veterans – men and women – wounded, created by the prince himself.
Netflix said that Archewell Productions “remains a valued partner and we continue to work together on a number of projects, including the upcoming documentary series Heart of Invictus.”
In April, Netflix reported a decline in the number of subscribers for the first time in a decadewhich caused a drop in its share price.
The Silicon Valley firm said it hhad closed the first quarter of the year with 221.6 million subscribersa decrease of 200,000 from the fourth quarter of 2021.
Netflix attributed the drop to the suspension of its service in Russia following the invasion of Ukraine by Moscow troops.
