P6: Netflix ‘put millions’ into Duchess Meghan’s As Ever and didn’t see a return?

Last week was pretty crazy with all of the ridiculousness over the Duchess of Sussex’s As Ever brand and the Sussexes’ Netflix contract. Variety published a lengthy hit piece which was contradicted on the record repeatedly within the very same Variety article. It’s clear to me that while Meghan has the support of Netflix’s C-suite, the middle-manager types hate her guts and they’re trashing her and Prince Harry every chance they get. Since Variety’s hit-piece came out, all of the usual suspects have been piling on with their own variations of the same quotes and themes. There has been a great deal of screaming, crying and throwing up over jam, and I’m really over it. Still, I read Page Six’s new exclusive about Meghan, Netflix and As Ever, and I was surprised to find some new information in this piece. Not only that, but it’s not wall-to-wall smears and character assassination. Some highlights:

Those As Ever bloom boxes: Even off this brief sales pitch, people were quick to point out that High Camp goes against the ideals that Markle, 44, and her husband Prince Harry allege to hold so dear. The company ships orders from its California farm via FedEx Priority Overnight to ensure customers get the petals within 24 hours being cut…Sources argued that many flower suppliers ship by air.

Netflix’s return on investment? “Netflix put millions behind this deal and I don’t think they saw a return whatsoever. They just cut a loss,” claimed one company insider. Others said there was no point in the streamer working on the brand when there was no show. Industry experts point out it can take years to launch a brand and return all investment — noting that it took Amazon nine years to become profitable, while Hailey Bieber’s Rhode beauty line did not return for investors for three years.

The Netflix-As Ever split: While a rep for the Sussexes said the plan was always for As Ever to stand on its own two feet, Netflix sources insist the announcement about severing ties came as a shock to staffers. “Why ever in the world would Netflix put all this money into the deal and then say the plan was to let It go after 11 months?” said the staffer. “You can try to spin it whatever way you want, but it’s just not true.”

A jam surplus, god bless it: But in a detailed report this week, Variety claimed that Netflix was sitting on a surplus of As Ever products, including tea and baking mixes, totaling more than $10 million in value, echoing a previous Page Six exclusive report that the company had been giving away products to staffers for free to unload it. Sources now tell us that all inventory has been transferred from Netflix back to As Ever custody.

Ted Sarandos still likes the Sussexes: “Honestly, there are people [within Netflix] who would rather not work with Meghan and Harry — they are fed up — but Ted always wants to give them one more chance,” said a well-placed industry insider. The Sussexes are Montecito neighbors with Sarandos and his wife, former US ambassador to the Bahamas Nicole Avant, and we’re told they remain friends. Still, “Ultimately, Meghan and Ted don’t have a relationship like they used to,” according to the insider. While there have been reports that Sarandos is no longer following As Ever or Markle on Instagram, Netflix reps on Friday told Page Six that he had never followed these accounts. Avant, however, does follow Markle. Netflix also stated that Variety’s claims that Sarandos is “fed up” with both Markle and Harry is “inaccurate.”

The difference between Bridgerton crap & As Ever: Additionally, As Ever never really “fit in” with the products that Netflix makes to promote its hit shows including “Squid Game” to “Bridgerton.” “That was merch — and As Ever is not merch,” said the insider, adding that it takes a very different skill set to build a brand. Markle went on to hire her own independent brand consultant and creative director, Devin Pedzwater, who also worked on Gwyneth Paltrow’s Goop.

The Sussexes’ Netflix projects: As for the Sussexes’ future with Netflix, their planned movie adaptation of Carley Fortune’s novel “Meet Me at the Lake” has been in development for the past three years, while “The Wedding Date,” based on Jasmine Guillory’s hit book, has yet to find a director and cast. Sources told Page Six that the Sussexes have now found a director for “Meet Me at the Lake” who has completed a rewrite of the project. They also claim other projects with Netflix are on the slate, though that could not be verified by either side.

An unnamed source scoffs at Bela Bajaria: Last week, Bejaria said, “I would say don’t believe whatever you read … We still have a relationship with them, we have movies in development with them, we have an amazing doc with them, they have things in development on the TV and film side.” But an industry insider sniffed: “She is just trying to get Netflix out of this news cycle. Maybe Bela needs to start fact-checking.”

[From Page Six]

When certain quotes about business or money don’t make any sense to me, I’ve just started assuming that they come from some British royal commentator masquerading as an industry insider or Netflix insider. Like, this quote makes zero sense: “Netflix put millions behind this deal and I don’t think they saw a return whatsoever. They just cut a loss.” Netflix invested in As Ever as a start-up, part of a corporate synergy project alongside With Love, Meghan. My interpretation of the breakup is still that As Ever’s first year was so profitable that Meghan could literally buy out Netflix. Even Page Six admits that by even their calculations, As Ever is turning a big profit. Notice how the unhinged criticism has shifted too, from “we don’t like Meghan’s bedside manner” to “I’m sure Netflix lost money” – which one is it? You don’t like her attitude or you’re just wrongly assuming that Netflix exited out of unprofitable business? By the way, Netflix is a $400 billion company – whatever they invested in As Ever, it’s little more than accounting error either way.

All of the stuff about the Archewell projects in the works… that’s great. And it’s nice that at least someone reports that Sarandos never followed Meghan or As Ever in the first place. He doesn’t seem like the kind of guy who runs his own Instagram anyway, and his wife still follows Meghan’s account.

Photos courtesy of Backgrid, Cover Images.

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16 Responses to “P6: Netflix ‘put millions’ into Duchess Meghan’s As Ever and didn’t see a return?”

  1. Eurydice says:

    Lol, how do they think those $6 bunches of Alstroemeria get here from Peru – by relay runners?

    • Magdalena says:

      Comment of the day! 😀

      It’s up there with Anna Wintour’s supportive remark re Meghan in her interview with that hack Tina Brown: “She also sent a lot of text messages. I mean, what did they expect? That she was going to send messages via pigeon? I think she’s amazing.”

      Thank you for a good giggle this afternoon.

  2. Beff says:

    I am ready to publicly watch these staffers get run out of Netflix. It’s bullshit that the CEO and other execs have to deal with this trashy gossip. I’d certainly find out who is leaking all this stuff to the tabloids & industry papers.

  3. Hypocrisy says:

    The palace coordinated attacks on the Sussex’s is in manic meltdown mode, just makes me believe Peggy is connected to those files by more than just being paid by the man who makes torture videos. They are scared of something and the deflection articles are sickening at this point when they have amw living in a property provided by the king with full protection and Peggy being funded by Epstein clients.

  4. Dee(2) says:

    LOL. Yes Netflix ” insider” the head of programming needs to get their facts straight because YOU clearly know more than they do.

    And it’s funny, they go back and forth with her brand is so successful and that’s terrible because why should anyone spend $12 on jam, to she’s not selling any and all those people online unboxing and it being sold out is a lie no one is buying anything of hers and Netflix lost money on it. The funny thing is why are they freaking out about her having trademarks in other countries if no one is buying it in the US?

    ETA- I didn’t even see the criticism about the flower boxes, good Lord. Do they not realize that other things are being shipped on the FedEx plane as well? Harry and Meghan aren’t Greta Thunberg. They never said don’t use air travel at all.

  5. Denise says:

    Investors putting in millions of dollars into a company and not seeing immediate returns is literally how investing into startups works. It’s incredibly rare for a startup to turn profit in their first year. Netflix knew what they are getting into.

    Also this in house leaking from Netflix looks incredibly unprofessional and I’m surprised they’re not doing more to stop it.

  6. Becks1 says:

    Netflix has lawyers. I’m sure they have very good lawyers who are very good at writing contracts. whatever happened with As Ever, no one is claiming a breach of contract so there must have been something in the contract that allowed the business relationship to end after a year – maybe there was a “one year renegotiation” clause or maybe there was a financial clause (ie Meghan bought Netflix out), etc. We don’t know. but it doesn’t seem like there’s bad blood from the big execs so….I’m not worried.

  7. Me at home says:

    Weird P6 didn’t mention the Sussexes’ project Cookie Queens, which is hitting theaters this summer. Yes Netflix apparently passed on it, but P6 is giving the false impression that nothing the Sussexes ever do is successful, and that’s flat-out wrong.

    • Dee(2) says:

      They won’t, even though the wrote 50 stories about it not being picked up, and how the first look deal was such a downgrade. When the first look deal works the way that they are intended to work, it’s crickets.

      They’re being disingenuous anyway, the reporting that I have seen on Cookie Queens been picked up for theatrical release this summer also mention that it has “mixed reviews” even though it’s currently at 100% on Rotten Tomatoes. It’s the same thing that they were doing with With Love Meghan, saying how the reviews were mixed or that it got scathing feedback but only highlighting the British media response.

  8. Gemini says:

    Entertainment and news industry is changing hands. For all intents and purposes Netflix is the only “progressive” , left leaning multi billion dollar company left. I don’t think it is just the palace behind this specific hit job. As long as the Sussexes remain with Netflix they get to be producers behind the scenes. The industry doesn’t want that now. They want the Sussexes desperate enough to sign with another media group at a much lower cost and do a reality type show because that sells.

    I wrote a couple of days ago on here that As ever is not merch like Bridgerton wares. Can I be the source P6 is referring to? LOL

    • windyriver says:

      Of course As ever was never intended to be merch in the same way; the Bridgerton products I’ve seen are done in conjunction with Williams Sonoma (food and housewares) and Dove (personal care products), big companies with retail footprints. Who knows why Netflix/Sarados decided to invest in As ever. Maybe an experiment, to see if launching products in conjunction with the show would pan out, especially given Meghan’s high profile (that certainly seemed to do well for Le Creuset products); maybe as a favor/thank you for the huge success of the H&M doc, and the massive viewship once Suits was on the Netflix platform. Worst case scenario, they invested a few million and it didn’t go anywhere. Best case, they made a nice little return on an investment, either by getting a piece along the way as As ever became successful, or, if we’re correct, having Meghan buy out their share.

      I’m curious about the reported $10 million in inventory supposedly at Netflix. Was there a report a few months ago that Netflix had a couple of pop up shops with As ever inventory? It would make sense for there to be stock around for that. If any of that is even true…

  9. likethedirection says:

    I used to work in film development. We were happy if 20% of our slate “converted” – which is to say, went from development to production. Most projects that are developed never get made, and the fact that there is little external news on some of these projects is essentially meaningless.

  10. IdlesAtCranky says:

    @Kaiser

    I’m curious — why do you say that Netflix middle management dislike Meghan, or both H&M, and that those mid-level people are the source of this gossip, or some of it?

    I ask because to my knowledge, no named Netflix sources have ever been quoted that don’t speak highly of the Sussexes.

    I’m trying to understand what it is about the coverage lately that looks different from the usual wild, non-factual speculation and outright lying attributed to anonymous sources that is so often seen from the tabloid press.

    • Kaiser says:

      It’s because there were specific stories in last week’s Variety piece which sounded like they came from disgruntled Netflix middle-management types, especially the nitpicking about Meghan turning off her Zoom camera. I don’t think Variety would have gone ahead with that story in the way they did unless they actually spoke to some people at Netflix.

  11. Marthy says:

    “My interpretation of the breakup is still that As Ever’s first year was so profitable that Meghan could literally buy out Netflix.”

    Your logic is really funny. There’s no way a big corporation will let go something that profitable. Maybe you should try invest something first before comment and sounds stupid

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