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.
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 Beyonce worth a whopping $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.
Beyonce’s rep did not respond to Variety’s requests for comment; Netflix declined comment for this story, although a source at the company disputed the financial terms of the deal.
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