Meghan Markle's Netflix series 'Pearl' has been dropped by the streaming service whilst still in the development stage.
The animated series was created by the Duchess of Sussex with Archewell Productions, a company set up by Prince Harry and Meghan Markle in 2020.
The couple quit their roles as senior working royals in March 2020 in a quest for personal and financial freedom, and now live in an £11 million house in Montecito in California.
Pearl was going to be set on a 12-year-old girl being inspired by influential women throughout history.
This comes after the streaming giant, Netflix, posted their first fall in subscribers earlier this year.
The company lost 200,000 subscribers net and is expecting to lost another 2 million in the next three months.
The news that Pearl is being dropped comes after it emerged that Netflix lost 200,000 users over the first three months of 2022, falling well short of predictions it would add 2.5 million subscribers.
Netflix has stumbled in the face of increased competition from the likes of Disney, Amazon Prime and the reopening of cinemas.
The US firm has seen its share value cut in half over the past six months as investors have grown increasingly concerned by the change in fortunes.
Netflix said Archewell Productions remains a valued partner and they are continuing to work together on a number of projects, including the documentary series Heart Of Invictus.
The show follows people competing at the Invictus Games, and a camera crew was seen close to Harry and Meghan during their time at the event in The Hague, Netherlands, last month.
The Duchess of Sussex's animated show about a young girl has been dropped by Netflix.
Aaron Chown
When Pearl was announced last July, Meghan said: “Like many girls her age, our heroine Pearl is on a journey of self-discovery as she tries to overcome life’s daily challenges.
“I’m thrilled that Archewell Productions, partnered with the powerhouse platform of Netflix, and these incredible producers, will together bring you this new animated series, which celebrates extraordinary women throughout history.
“David Furnish and I have been eager to bring this special series to light, and I am delighted we are able to announce it today.”
An announcement on the Archewell website, dated July 14 2021, says: “Archewell Productions is creating its first ever animated series with Netflix.
“Pearl (working title) focuses on a young girl’s heroic adventure as she learns to step into her power and finds inspiration from influential women throughout history.
“Meghan, the Duchess of Sussex will serve as an executive producer of the series alongside David Furnish, Carolyn Soper, Liz Garbus, Dan Cogan and Amanda Rynda.”
According to the Archewell website, Archewell Productions was created by Harry and Meghan “to produce programming that informs, elevates and inspires”.
The website – which says Archewell Productions will “utilise the power of storytelling to embrace our shared humanity and duty to truth through a compassionate lens” – lists Heart Of Invictus and Pearl as the two “exciting projects” it has announced.