The couple, who quit royal duties in March, said they wanted their "impactful" output to "unlock action" and "give hope".

Their lives "have allowed us to understand the power of the human spirit: of courage, resilience, and the need for connection", they added.

Their pals the Obamas, also first-time producers, reportedly received up to $98m in a similar Netflix deal in 2018.

Before signing with Netflix, Harry and Meghan held talks with Disney and Apple, the New York Times reports.

Two executives involved in the discussions claimed representatives for the couple wanted to secure a deal worth around $99m, according to The Times.

'STAGGERING DEAL'

PR guru Jonathan Shalit says Harry and Meghan will net between $49m and $99m.

He told The Sun: "It is a staggering deal.

"Never before has a Hollywood studio got hold of British royal family - this is historic.

"Meghan and Harry will hire shadow producers to do the work but their names alone attached to Netflix are gold dust."