Meghan Markle and Prince Harry have announced something hugely exciting

• Meghan Markle and Prince Harry have revealed they've signed a deal with Netflix
• The former Suits star and her husband the Duke of Sussex have founded a yet-to-be named production company
• The news comes as Meghan Markle gushes about Prince Harry being ‘beautiful’ role model for son Archie

Meghan Markle and Prince Harry, the Duke and Duchess of Sussex have signed a multiyear deal with Netflix, which will pay them to make documentaries, docu-series, feature films, scripted shows and children's programming for the subscription service.

According to the New York Times, in a statement, they commented: 'Our focus will be on creating content that informs but also gives hope. As new parents, making inspirational family programming is also important to us.'

Meghan, the Duchess of Sussex, is said to have connections in the Hollywood industry following her role in legal drama Suits.

Ted Sarandos, Netflix's chief content officer and co-chief exec, added: '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.'

READ MORE: Everything we know about Harry and Meghan’s decision to ‘step back’ as senior royals – including what’s next for the couple

The news comes after it was reported last week that Meghan and husband Prince Harry had pitched a TV show that would focus on two issues close to Meghan’s heart: female empowerment and racial inequality.

READ MORE: The low-key way Meghan Markle and Prince Harry spent their first wedding anniversary

Harry and Meghan's latest project comes after they settled into their new family home in Santa Barbara.

They added that Netflix's 'unprecedented reach will help us share impactful content that unlocks action.'  While Meghan has made it clear she doesn't intend to return to acting, the couple may appear on screen in documentary programming.

The TV show, which it's claimed was pitched to a string of network executives back in June, would tackle discrimination like that faced by Meghan herself, who is biracial.