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Beyoncé's new Netflix deal reportedly worth $60 million

As part of the deal, Beyoncé will release two more exclusive specials on the streaming platform.

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Following the release of Beyoncé's "Homecoming," we're learning that the "Ape Shit" singer has signed a huge deal with streaming giant Netflix.

According to Variety, Queen Bey has signed a $60 million deal with the streaming service. The deal is reportedly for three exclusive specials including "Homecoming," the documentary that focused on Bey's 2018 Coachella performance, which was released on April 17.

The report also claimed that HBO bid on the documentary as well, but the premium channel was unable to match Netflix's final offer. HBO originally aired Beyoncé's "Lemonade" in 2016, the "On the Run Tour" with JAY-Z in 2014, and "Life Is But A Dream" in 2013.

Reps for both Netflix and Beyoncé declined to comment to Variety.

This week has been the week of Queen Bey. After the documentary's release, Bey dropped a surprise live album of the historical Coachella performance that included a cover of the classic Frankie Beverly & Maze song "Before I Let Go," produced by Tay Keith. The live album also included the 2013 Beyhive cult classic, "I Been On." Beyoncé furthered the "Homecoming" movement with the release of a new collection of merch inspired by the film.

Last night during her Coachella set, Janelle Monáe dedicated a portion of her performance to Beyoncé who "opened up so many doors for women."

Earlier this week, rumors circulated that Ariana Grande was paid more to headline Coachella this year than Beyoncé was paid last year. According to The Blast, both women were paid the same $8 million ($4 million per weekend) for their performances at the festival. During weekend one, Ariana brought out special guests Nicki Minaj, 'NSYNC, Mase and Sean "Diddy" Combs.

"She's been through a lot, and she's still standing," Diddy said about Grande. "Give it up for the number one artist in the world."

Ariana's Coachella's performance made her the youngest headliner in the history of the festival.

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