Beyoncé's deal with Netflix is worth $60m

Brenda Watkins
April 22, 2019

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

Netflix has become a destination for television visionaries like Shonda Rhimes and Ryan Murphy, with deals worth $100 million and $250 million, respectively, and top comedians like Chris Rock and Dave Chappelle ($40 million and $60 million, respectively).

Netflix is rumored to have inked a three-project deal with Beyonce worth $60 million.

Representatives for Netflix and Beyonce did not respond to the outlet's request for comment.

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HBO has worked with Beyoncé before, airing her documentary, Life Is But a Dream in 2013 as well as her On the Run special and Lemonade project. The premium cable network backed out when Netflix offered a higher sum, according to Variety.

Along with the release of "Homecoming", the multi-talented entertainer also surprised her fans with a 40-track album loaded with songs from her performance featuring classics like "Crazy In Love", "Baby Boy", and "Check On It".

Despite a recent price increase, the massive jump in subscribers, bringing its global total to 148.9 million, is the biggest jump for a single quarter in company history.

"Homecoming" gives Beyonce fans an intimate behind-the-scenes look at the singer's 2018 Coachella performance; Cypress Hill becoming the first Latin hip-hop group to receive a star on the Hollywood Walk of Fame.

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