Even Royal Family members aren’t immune to a wave of layoffs as the streaming service overhauls after a sharp drop in shares and customers.<\/p>\n\n\n\n
As reported earlier, Netflix has cancelled the development of Pearl, an animated series developed by Meghan Markle.<\/p>\n\n\n\n
The programme, which was announced last year, is one of numerous that the streaming giant has cancelled.<\/p>\n\n\n\n
Netflix announced a dramatic drop in members last month, warning that millions more are about to abandon the service. The company’s market worth plummeted by more than $50 billion, and analysts warned it would be difficult to get back on track.<\/p>\n\n\n\n
Meghan would have served as an executive producer on Pearl, according to Archewell Productions, the firm founded by the Duke and Duchess of Sussex.<\/p>\n\n\n\n
The series was supposed to follow the exploits of a 12-year-old girl who is inspired by historical figures.<\/p>\n\n\n\n
Netflix has confirmed that it will continue to collaborate with Archewell Productions on a variety of projects, including a documentary series called Heart of Invictus.<\/p>\n\n\n\n
The series will centre on athletes competing in the Invictus Games for injured veterans, which will be held in The Hague in 2022 and was established by Prince Harry.<\/p>\n\n\n\n
Netflix also announced the cancellation of two animated children’s programmes, Dino Daycare and Boons and Curses.<\/p>\n\n\n\n
The decision to remove these series comes after Netflix announced a 200,000-subscriber loss in the first quarter, well short of its target of 2.5 million new members.<\/p>\n\n","protected":false},"excerpt":{"rendered":"
Even Royal Family members aren’t immune to a wave of layoffs as the streaming service overhauls after a sharp drop in shares and customers. As reported earlier, Netflix has cancelled … <\/p>\n