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.
(At The Quint, we question everything. Play an active role in shaping our journalism by becoming a member today.)