Netflix completed The Crown the inventor of Peter Morgan, a comprehensive television and film contract. We hear that the pact is valid for at least four years.
Three sources told Deadline that Netflix's deal with Golden Globe and BAFTA winner Morgan was completed when the company prepared to release The Crown on November 17. Season three, in which Olivia Colman will replace Claire Foy on the throne.
Morgan is up to date with season four of Left Bank Pictures' elaborate drama and sources suggest his exclusive Netflix deal will include two more seasons. It would take up to six seasons, which has long been Netflix chief content officer Ted Sarando's plan for the show.
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The Complete Agreement Will Include Projects by Morgan Outside The Crown included, including feature films. It is said that the value is well in the eight numbers, with some sources speculating that it may potentially exceed $ 100 million. "The figure is crazy," said someone with knowledge of the pact.
Morgan's Netflix deal follows another British A-List creator, Fleabag Phoebe Waller Bridge, and signs a total of large three-year contracts deal with Amazon last month in the mid-eight figure range.
Talks with Morgan have been running two sources for months, and Sarandos and Netflix & # 39; Vice President for Content, Cindy Holland, was directly involved in the negotiations. Netflix is also said to have negotiated dealings with other British writers, including Black Mirror creator Charlie Brooker, as the battle for talent reached fever after the British bagged about half of the Emmys last month.
Streamer's aggressive tactics have sparked some uneasiness among major British broadcasters, who fear that they will produce some of the best creative voices in the world just so they can fly the nest to America. According to one source, the BBC hopes to take the lead next week by staging an event where CEO Tony Hall and content director Charlotte Moore set out the station's vision.
The deal with Morgan is the latest in Netflix's effort to win the creators of his most successful series. The streamer just signed a mega-total deal with the creators of Stranger Things Duffer Brothers.
Morgan, who collaborates with longtime collaborator and Left Bank CEO Andy Harries, has become The Crown a worldwide hit for Netflix since its launch in 2016. Outside of The Crown he has written feature films including The Queen Frost / Nixon The Last King of Scotland and The Damned United .
The overall contract was brokered by Morgan's British lawyers Lee & Thompson.