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Saturday, October 16, 2021

Beyoncé signs a multi million dollar deal

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Netflix has landed a three-project deal, reportedly worth a whopping $60 million, with singer Beyonce Knowles. 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 instalment, for which Beyoncé is credited as executive producer, writer and director, hovers around $20 million, sources told variety.com.

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However, a source at the company disputed the financial terms of the deal.

According to Vulture, HBO was also interested in the project, having had a long relationship with Beyoncé (the cable network aired her 2016 LEMONADE film as well as her 2014 "On the Run Tour" concert special with husband Jay-Z and 2013 documentary "Life Is But a Dream"), but backed out when Netflix came in with a better offer. 

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With the release of HOMECOMING, Beyoncé also surprise-dropped a 40-track accompanying album that includes two bonus cuts near the end, "Before I Let Go" and "I Been On".

  - By IANS
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