Pearl, the working title for the Markle-created show, has been officially canceled, Deadline reported Sunday.
The show, which was produced by the Duchess of Sussex through Archewell Productions, was still only in the maturation stage.
Markle and Prince Harry appointed Archewell Productions in autumn 2020 to complete scripted series, docu-series, documentaries, features, and children’s programming. Pearl was foreseen to be the first animated series created by the production company. Despite dropping Pearl, insiders declare Netflix remains optimistic about the Archewell deal and has several projects planned, including a documentary series named Heart of Invictus, which follows the recent Invictus Games.
Netflix has made several cuts recently, including canceling two other children's shows and firing staff.
Last week, the streaming service canceled Dino Daycare, which was produced by Jeff King, and the South Asian-inspired adventure Boons and Curses. Both shows were already in production.
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Sources acquainted with the cancellations told Deadline that Netflix had warned producers to take projects still in the development stage elsewhere.
It is unclear if they offered Archewell Productions comparable advice.
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The streaming giant shelled out a $100million in the deal with the Duke and Duchess of Sussex in September 2020.
As of yet, the Duke and Duchess of Sussex are yet to produce any published content for the streaming giant. But the company has pinned hopes that their forthcoming series documenting the recent Invictus Games will prove value for the money.
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Markle disclosed the now-canceled program last July. She was taking on the roles of 'creator and executive producer' - honoring the first time the former actress and Suits star would work in the position of EP.
Filmmaker David Furnish, the husband to musician Elton John, was also anticipated to serve as an executive producer on the series. Markle declared Pearl would 'weave together fantasy and history' while focusing 'on the experiences of a 12-year-old girl as she tries to 'overcome life's daily challenges.
While few details had been released about the series, many thought the show was based - at least in part - on Markle's childhood, mentioning how she named the show and its title character Pearl, the original meaning of her name.
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The name Meghan stemmed in Wales, where it is traditionally spelled Megan, nonetheless, it initially came from the Greek name Margaret, which emanated from the word margaritēs, which translates to 'pearl'.
Pearl was not the first time that Markle has chosen to draw on her own life as the inspiration for her professional projects - something that she did most recently with her debut children's book The Bench, which was firmly panned by readers on both sides of the Atlantic.
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Netflix also began firing staff after bypassing its subscriber target by 200,000 people and watching the value of its shares tank by 50 percent in a month.
The company made the layoffs at Tudum, a website loaded with stories that are meant to market Netflix's programs, it was publicized on Thursday. At least 10-15 staff tweeted about being fired, although the exact number overlooked remains unclear.
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