It came after the monarchy was hit by a $44.5 million loss and to compensate the situation, the royal collection shop has been, reportedly, selling various collectibles to cover the income losses.
Following this, royal expert Robert Lacey, who is the author behind the book “Battle of Brothers: William and Henry: The Inside Story of A Family in Tumult,” claimed that the monarchy has “stooped to all sorts of commercial devices,” while Prince Harry and Meghan Markle have signed their megawatt deal with Netflix.
In his interview with The Express UK, the royal author praised the Sussexes’ brilliant move to seal the deal with the streaming giant.
“They are going to make a lot of money for making a group of rather worthy, and perhaps even boring, documentaries for grown-ups and children. It is perfectly respectable.”
In September, news broke that the former royals signed a multi-year deal with Netflix that would cover various documentaries, children’s programming, docuseries, movies, and scripted series.
The said content will be produced under their untitled production company.
Moreover, the Us Weekly noted that the deal between the Sussexes and the California based streaming giant is worth more than 100 million.
“Quibi had a huge offer out to Meghan Markle that was in the tens of millions. Netflix swooped in, and their production deal is worth over 100 million,” a source revealed to the outlet.
On the other hand, Lacey pointed out how the royal family leaned towards selling memorabilia at the Buckingham Palace shop while the Duke and Duchess are planning their multi-million deal.
“And actually, it is Buckingham Palace’s shops that sell shower caps with the Royal Coat of Arms, Buckingham Palace gin; Prince Charles sells Duchy biscuits…so it’s the pot calling the kettle black. The monarchy has stooped to all sorts of commercial devices.”
The British outlet also mentioned that the Royal Collection Shop has begun selling souvenirs such as liquors made out with flowers and herbs picked directly in the gardens of the Queen’s residence in London.
With this initiative, the royal expert noted that this is said to be beneficial on the part of the taxpayers and the monarchy.
He explained that this would bring more funds into the royal family’s income without sacrificing the Sovereign Grant.