Entertainment And Fashion Powerhouse: Beyonce’s Netflix Deal Reportedly Worth $60 Million

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UNITED STATESBeyoncé is signing deals left-to-right. Just a few days ago, DM Fashion Book reported that the international R&B superstar signed a partnership with German sportswear, sneaker and apparel giant adidas for footwear, clothing and an Ivy Park relaunch (see it here).

The entertainment and fashion powerhouse’s bank account just got $60 million bigger, thanks to Netflix.

The streaming giant, which just announced it’s added nearly 10 million subscribers in Q1, is honing in on music, too, landing a three-project deal with Beyoncé worth $60 million, sources tell Variety.

The first of the three specials is Homecoming, the behind-the-scenes documentary chronicling her 2018 Coachella performance —  a massive spectacle of dance, visuals and music that reaffirmed Beyonce’s moniker of Queen Bey — which premiered on April 17. The price tag on this installment, for which Beyonce Knowles-Carter is credited as executive producer, writer and director, hovers around $20 million.

According to Vulture, HBO was also interested in the project, having had a long relationship with Knowles-Carter (the cable network aired her 2016 “Lemonade” film as well as her 2014 “On the Run Tour” concert special with husband Jay-Z and 2013 doc “Life Is But a Dream”), but backed out when Netflix came in with a richer offer.

Photos Credit: Courtesy of Parkwood 

Source: Variety

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Donovan is the CEO and Editor-In-Chief of www.dmfashionbook.com. For all general inquiries please email don@dmfashionbook.com Donovan has a BA in Journalism & Media Studies from the prestigious Rutgers University. He's currently studying entertainment and fashion law.