Beyonce’s Netflix deal worth $60 mn?

Netflix has landed a 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 installment, for which Beyonce is credited as executive producer, writer and director, hovers around $20 million, sources told a website.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 Beyonce (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. With the release of Homecoming, Beyonce also surprise-dropped a 40-track accompanying album that includes two bonus cuts near the end: Before I Let Go and I Been On.  (IANS)

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