Beyonce's "Homecoming" Is Part Of 3-Project Deal With Netflix Worth $60M: Report

Looks like the Beyhive can expect more exclusive content on Netflix.

BYAron A.Apr 19, 20194.9K Views

Beyonce blessed the Beyhive with Homecoming -- a documentary exploring the lead-up to her iconic Beychella performance -- this week and it looks like she has more in store for her devoted fan base. Variety reports that Homecoming is part of a three-project deal that Beyonce signed with Netflix.

As more streaming services emerge and gear up to compete with Netflix, the streaming giant's tapped into one of the most faithful following in the world: the Beyhive. Sources said that Beyonce signed a three-project deal with Netflix estimated to be worth $60M. The price tag surrounding Homecoming, which Beyonce serves as an executive producer, writer, and director, is around the $20M mark. However, the publication notes that a source at the company disputed the financial terms of Beyonce's deal with Netflix. Apparently, Beyonce's decision to link up with Netflix is to deliver more visuals that will accompany the release of her music.

Kevin Winter/Getty Images

While Netflix managed to score Beyonce for three projects, HBO was previously in talks with her to secure the rights for Homecoming. With a reported $60M bag, Netflix ended up outbidding HBO.

No details surrounding Bey's future releases have emerged yet but Beyonce's reportedly gearing up to bless her fans with another gift next week. According to reports, Queen Bey's TIDAL-exclusive, Lemonade, will finally be available on all streaming services next week on the three-year anniversary of the project.

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Aron A.

Aron A. is a features editor for HotNewHipHop. Beginning his tenure at HotNewHipHop in July 2017, he has comprehensively documented the biggest stories in the culture over the past few years. Throughout his time, Aron’s helped introduce a number of buzzing up-and-coming artists to our audience, identifying regional trends and highlighting hip-hop from across the globe. As a Canadian-based music journalist, he has also made a concerted effort to put spotlights on artists hailing from North of the border as part of Rise & Grind, the weekly interview series that he created and launched in 2021. Aron also broke a number of stories through his extensive interviews with beloved figures in the culture. These include industry vets (Quality Control co-founder Kevin "Coach K" Lee, Wayno Clark), definitive producers (DJ Paul, Hit-Boy, Zaytoven), cultural disruptors (Soulja Boy), lyrical heavyweights (Pusha T, Styles P, Danny Brown), cultural pioneers (Dapper Dan, Big Daddy Kane), and the next generation of stars (Lil Durk, Latto, Fivio Foreign, Denzel Curry). Aron also penned cover stories with the likes of Rick Ross, Central Cee, Moneybagg Yo, Vince Staples, and Bobby Shmurda.