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 ($40 million and $60 million, respectively). 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 to comment for this story, although a source at the company disputed the financial terms of the deal.
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