Beyoncé Lands $60 Million Netflix Deal
Beyoncé is securing a major bag.
The superstar singer has reportedly inked a three-project deal with Netflix for a whopping $60 million, sources tell Variety.
The first of the three specials is her Coachella documentary Homecoming, which was released to the streaming service on Wednesday (April 17). Beyoncé, who is credited as executive producer, writer, and director, was reportedly paid around $20 million for the nearly two-and-a-half-hour film.
Beyoncé’s rep and Netflix did not respond to the report, but a source at the streaming company disputed the financial terms of the deal.
According to Vulture, HBO also expressed interest in Homecoming, but backed out after Netflix offered up more money. The cable network previously aired Bey’s 2016 LEMONADE film as well as 2014’s On the Run Tour concert special with JAY-Z and 2013’s Life Is But a Dream documentary.
In addition to Homecoming, Bey dropped a surprise 40-track companion album, Homecoming: The Live Album, that includes two bonus cuts, “I Been On” and a cover of Frankie Beverly & Maze’s “Before I Let Go.” The project is expected to debut in the top 10 on the Billboard 200 after only two days of sales.
Fans can expect even more music from Queen Bey. Variety reports that the audio from her visual album LEMONADE will be available on all music streaming services beginning Tuesday, April 23. Her future Netflix projects are also expected to include a music companion.