Beyonce's deal with Netflix is for a whopping $60 million for three projects

Mail Online | 4/19/2019 | Brian Gallagher For Dailymail.com
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Two days after the highly-anticipated Beyonce documentary Homecoming was released on the Netflix, new details about her deal with the streaming service was released.

Homecoming is the first film in a three-project deal, which is worth a whopping $60 million, according to Variety.

Netflix - Bucks - Deals - Creators - Ryan

Netflix has been shelling out big bucks in new overall deals with content creators, with Ryan Murphy ($250 million), Shonda Rhimes ($100 million), Dave Chappelle ($60 million) and Chris Rock ($40 million).

Beyonce is credited as the writer, director and executive producer on Homecoming, which goes behind-the-scenes of her iconic performance at Coachella in 2018.

Beyonce - Team - Netflix

The documentary itself is said to have cost $20 million to produce, though neither Beyonce's team nor Netflix commented.

There was a source at Netflix who disputed the financial details of the deal, but another report indicates the movie almost landed somewhere else.

Report - Vulture - Beyonce - Team - Discussions

A report from Vulture claims that Beyonce's team was engaged in discussions to air the Homecoming documentary on HBO.

While HBO and Beyonce's team didn't comment, sources claimed the pay cable network was interested, but Netflix came through with a...
(Excerpt) Read more at: Mail Online
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