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Meghan Markle and Prince Harry are in hot water with Her Majesty Queen Elizabeth II. The Duke and Duchess neglected to tell Buckingham Palace about their $150 million Netflix deal to develop upcoming projects on the American streaming network.

Harry, 35, and Meghan, 39, recently purchased a $14 million Santa Barbara mansion. They signed a $150 million deal with Netflix to help pay their household expenses.

The Duke and Duchess, who have never produced a television show, will develop documentaries, films, scripted and kids' programming for Netflix.

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According to London's The Sun newspaper, a source said "Harry did not inform the Queen about the Netflix deal."

This is significant because Harry and Meghan are still relying on future King of England, Prince Charles, for their living expenses.

The couple has lived off Harry's father - and the kindness of others - ever since they quit royal life to become celebrities in America last year.

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So far, stardom has eluded them in America. A book about the Royal couple went directly into the sales bin at stores.

Palace officials plan to study the Netflix deal to determine whether Harry and Meghan will be cut off financially.

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The Queen is quite strict about Royals signing lucrative deals without her permission.

"Her view is simple, the Royals are not for sale and danger surrounds high profile roles outside of the institution itself," said the source.

The source added that Harry and Meghan knew any profit-making deals were "subject to discussion" by the palace.

The fact that they signed a deal without palace approval likely means they are affirming their independence from the Royal family.