Netflix has canceled the continuation of “Pearl,” an animated film, directed by Meghan Markle, in a bid to cut costs.The film, which was announced last year, is one of several projects suspended by the film industry.
Last month, Netflix noted a sharp decline in subscribers and noted that millions more people are willing to stop using the service.
That cut more than $50bn from the company's market value with experts warning that it is struggling to get back into the market.
Archewell Productions, a company formed by the Duke and Duchess of Sussex, announced last year that Meghan would be Pearl's chief producer.
The film series was set to focus on the events of a 12-year-old girl, who has been influenced by influential women from history.
Despite that, Netflix confirmed that it will continue to work on several projects with Archewell Productions, as well as an article called Heart of Invictus.
The film focuses on competing athletes and injured veteran athletes, an event launched by Prince Harry, in The Hague in 2022.
Archewell Productions did not immediately respond to the BBC's request for further comment.
Netflix also said that it has decided not to continue showing the series of two animated children's films by Dino Daycare and Boons and Curses.
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