The positive news comes seven months after their Spotify deal was cancelled, and reports surfaced in The Sun that Netflix had given the duo an ultimatum of producing other pieces of well-performing content.
After Harry & Meghan was released, the pair were allegedly paid half of the $150m Netflix offered them to create content for the service.
The UK publisher quoted an 'industry source' who revealed, "The remainder of the deal relies on them producing those good ideas. The deal’s continually under review which is normal for ones of this magnitude.”
In consideration of this, after the release of Emmy nominations for 2023, Harry & Meghan's documentary was notably snubbed from the awards night.
While reaching a considerable number of views, the docu-series was criticised for using inaccurate footage and photographs.
Directed by Liz Garbus, the six-part series failed to secure any nominations for its eligible categories: Outstanding Documentary or Nonfiction Series.
In terms of the couple's future projects, Page Six has reported that Prince Harry is returning to Africa for a Netflix documentary.
Reportedly, he will embark on a solo journey following the footsteps of his mother, Princess Diana, who visited the country on humanitarian missions.
"Obviously, Harry has a lot of roots in Africa and he feels at home there," a source told the outlet.
WATCH NOW: Sarah Ferguson throws support behind Harry & Meghan. Article continues after video.
The Wall Street Journal detailed several of the couple's thus-rejected ideas which reportedly include an animated series about women in history and a gender-flipped Emily In Paris-style series about LGBTQ+ characters.
They did report (alongside Harry's reported documentary) that the couple is working on a Great Expectations prequel called Bad Manners about Miss Haversham's experience in a patriarchal society.
In essence, it appears as if this deal isn't going anywhere anytime soon. In accordance with industry procedure, the production companies' collaboration will be continuously reviewed to assess performance.
"The bond with Archewell Productions is one we deeply value," a Netflix spokesperson told Entertainment Tonight in mid-2023.
"Harry & Meghan launched as Netflix’s most spectacular documentary debut to date. Our exciting journey with them isn’t ending anytime soon."
When originally signing on, Netflix co-CEO Ted Sarandos addressed the royal's new partnership, saying: "We're incredibly proud they have chosen Netflix as their creative home and are excited about telling stories with them that can help build resilience and increase understanding for audiences everywhere."
Archewell Productions have released Harry & Meghan, Heart of Invictus, and Live to Lead on Netflix thus far.