Beyoncé Just Signed a 60 Million Dollar Deal with Netflix

The concert special Homecoming is just the first of three Netflix movies due from Beyoncé.

The streaming service stole Beyoncé from HBO, where she debuted the Lemonade video album. HBO also had the rights to her 2014 On the Run Tour concert special.

Netflix out-bid HBO. They’re paying her $60 million for three projects, including the Coachella concert special called Homecoming. That's $20 million per movie! Only two actresses, Scarlett Johansson and Angelina Jolie, make more per movie. (Variety)

I’d like to see how much Beyoncé spent to create her Coachella show. She put more than 100 people on stage and they rehearsed for eight months.

In recent years, Netflix secured deals with comedians Chris Rock for $40 million and Dave Chappelle got $60 million.

Netflix gained 10 million subscribers since the New Year or almost $150 million more in monthly revenue.

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