Beyonce Knowles and Netflix's deal worth whopping $60 million?
Netflix beats HBO to sign a three-project deal with singer Beyonce Knowles.
Popular online streaming platform Netflix has signed a three-project deal with singer Beyonce Knowles reportedly worth a whopping $60 million. 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 instalment, for which Beyonce is credited as executive producer, writer and director, hovers around $20 million, sources told variety.com. However, a source at the company disputed the financial terms of the deal.
According to Vulture, HBO was also interested in the project, having had a long relationship with Beyonce (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 documentary "Life Is But a Dream"), but backed out when Netflix came in with a better offer.
With the release of "Homecoming", Beyonce also surprise-dropped a 40-track accompanying album that includes two bonus cuts near the end: "Before I Let Go" and "I Been On".
(With IANS inputs)
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