Is Beyonce’s Netflix deal worth $60 million?

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American singer-songwriter Beyonce wears a Red tulle Mirror sheet dress embellished with tiny mirror pieces and beads and an organza shoulder drape designed by Abu Jani Sandeep Khosla for Isha Ambani and Anand Piramal’s sangeet in Udaipur on Dec 9, 2018.

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 variety.com.

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”.

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