Netflix has signed a huge global television and movie deal with Crown Peter Morgan, another sign that streamers are poised to spend tens of millions of dollars in communications with well-known British writers. We have heard that the pact has been at least four years.
Three sources said that Netflix's deal with the Golden Globes and BAFTA winner Morgan came to fruition when the company read for its Nov. 17 release Crowns. The third season in which Olivia Coleman will replace Claire Foy on the throne.
Morgan did well on the track in the fourth season of the lavish Left Bank Photos, and sources said his exclusive Netflix deal will cover two more seasons. It will take six seasons to be Netflix's Chief Content Officer for Ted Sarandos on the show.
"Crown" Season 3 The first footage released Queen Olivia Coleman Elizabeth II:
The General Agreement will also include Morgan's projects outside of Crown including feature films. He is said to be well-rated at eight figures, where some sources suggest that this could potentially cross the $ 100 million mark. "This figure is not crazy," someone with knowledge of the pact said.
Morgan's Netflix agreement follows another British creator of the A-list, Fleabag Phoebe Waller Bridge, signing a major three-year, general version of the Amazon deal last month, was in the mid-eight figure range.
Talks with Morgan Have Two Sources for Months, and Sarandos and Netflix Deputy Prime Minister Cindy Holland was directly involved in the negotiations. Also, they say, Netflix is in talks with other British writers on common deals, including Black Mirror creator Charlie Brooker, when a fight for talent reaches fever pitch after last month's Brits hit about half of Emmy.
Streamers' aggressive tactics have caused some commotion in the UK's major broadcasters, who are worried that they are growing to be some of the best creative voices on the planet just to fly the nest to America. One source said the BBC is hoping to stay on track next week when it hosts an event where CEO Tony Hall and content director Charlotte Moore set out to broadcast television broadcasts.
The Morgan Agreement is the latest in Netflix's effort to capture the creators of its most successful series. The streamer just signed a mega general pact with the creators of Stranger Things by the Duffer brothers.
Morgan, working with longtime collaborator and CEO of the Left Bank Andy Harris, has turned Crown into a global hit for Netflix since its launch in 2016. Outside Crown he has written feature films, including Queen Frost / Nixon The Last King of Scotland and Cursed United005.
The general agreement was entered into by lawyers based in the United Kingdom, Morgan Lee and Thompson.