Prince Harry (L) and Meghan Markle speak at Global Citizen Live in September 2021. Netflix has canceled an animated series canceled by Markle. File Photo by John Angelillo/UPI
Prince Harry (R) and Meghan Markle visit the Irish Famine Memorial in July 2018. File Photo by Aidan Crawley/EPA-EFE
Prince Harry (L) and Meghan Markle ride in a horse-drawn carriage on their wedding day in May 19, 2018. Pool photo by Stephen Chung/UPI
Meghan Markle (L) and Prince Harry visit Bath University in April 2018. File Photo by Neil Munns/EPA-EFE
Prince Harry (L) and Meghan Markle greet crowds before attending an event in December 2017. File Photo by Nigel Roddis/EPA-EFE
May 2 (UPI) -- Netflix has canceled Pearl, an animated series that was in development from creator Meghan Markle.
The cancelation comes after Netflix shares plunged in April after the streaming service announced a drop in subscribers.
Netflix told CNBC that the cancelation is part of strategic decisions the company is making on animated content.
Pearl was set to follow the adventures of a 12-year-old girl who finds inspiration from influential women throughout history.
Markle and Prince Harry signed a multi-year deal with Netflix in September 2020 to develop documentaries, feature films, scripted televisions series and children's shows.
Netflix will continue to work with the duke and duchess of Sussex through their Archwell Productions company.