Beyoncé pleased the Internet (and Michelle Obama) this week when she dropped her self-written, directed, and produced documentary, Homecoming, on Netflix, as well as an accompanying live album of the same name. So, news that she has more where that came from is obviously going to make people very happy. The singer has signed a three-project deal with Netflix that is worth $60 million, per Variety; she was paid $20 million for the rights to Homecoming. But the most exciting news here is beyond the numbers: there are two more projects coming, and the Netflix-Beyoncé magic is not over.
As The Daily Mail noted, the next two projects that are part of this deal have not been announced, and Beyoncé’s creative role in them is also not known. But, as Vulture reported, this deal was a highly competitive one, with HBO looking to get in on it at one point. Netflix got the behind-the-scenes Coachella documentary for a simple reason: they were willing to pay way more than anyone else. While HBO didn’t comment on the decision, Vulture reported that industry sources say HBO couldn’t “justify” spending the amount of money that Netflix was willing to put down.
HBO was, however, home to Lemonade in 2016, as well as her 2013 documentary Life Is a Dream and her On the Run concert special.
This story first appeared on ELLE.