May 02, (THEWILL) – Netflix has cancelled its development of Pearl, an animated series by the Duchess of Sussex, Meghan Markle.
According to Deadline, the show which was announced in 2021, is among the projects being dropped by the streamer in a cost-cutting move.
In April, Netflix had revealed a sharp fall in it’s subscribers’ number and warned that million more are set to quit the service.
This wiped over $50 billion off the firm’s market value as experts warn that the streamer was struggling to rebound.
Archwell production, the company formed by the Duke and Duchess, announced in 2021 that Meghan will be the executive producer for the series.
The series was planned to dwell on the adventure of a 12-year- old girl, who is inspired by influential women in history.
Meghan said the series would have been about the girl’s journey to self-discovery.
“Like many girls her age, our heroine, Pearl is on a journey of self-discovery as she tries to overcome life’s daily challenges”, she said in an earlier statement.
“I am thrilled that Archwell production partnered with the powerhouse platform of Netflix.
“I have been eager to bring this special series to light and I am delighted we are able to announce it.”
Netflix said, it will continue to work on a number of projects with Archwell production, including the documentary series called Heart of Invictus.
The streamer, however, said it has decided not to move forward with the two other animated children’s series titled Dino Daycare, Boons and Curses.
In April, Netflix said the number of it’s subscribers dropped by 200,000 in the first quarter of 2022, falling short of its target.
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