It comes after the couple made the shocking announcement of his retirement as a member of the royal family earlier this year.
the Duc and the Duchess of Sussex will produce films and series for the streaming platform, including scripted series, docu-series, documentaries, feature films and children’s programming.
Releasing a statement, they said: “Our lives, both independent of each other and as a couple, have enabled us to understand the power of the human spirit: courage, resilience and the need for connection.
“Through our work with diverse communities and their environments, to shed light on people and causes around the world, we will focus on creating content that informs but also gives hope.
“As new parents, creating inspiring family programs is also important to us, as is powerful storytelling through a truthful and relevant lens.
Several projects are already in development, including a documentary series on nature and an animated series that celebrates inspiring women.
however, Meghan – former star of legal drama Suits – has no plans to return to the theater.
The couple moved from the UK to Canada and then to Los Angeles with their son, Archie, shortly after their last public engagement as royals in March.
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The value of their Netflix contract has not been disclosed, but it marks a big step in the transition to paid work.
Ted Sarandos, Co-Managing Director and Chief Content Officer of Netflix, said Harry and Meghan have “inspired millions of people around the world with their authenticity, optimism and leadership.”
He continued, “We are incredibly proud that they have chosen Netflix as their creative home – and are excited to tell stories with them that can help build resilience and increase understanding for audiences around the world. ”
Earlier this year, Meghan told a documentary film, Elephant, for Disney +, in her first post-royal role.
Last week Harry appeared in the documentary Rising Phoenix, about the history and impact of the Paralympic Games, on Netflix.