Netflix has proved that it knows how to pick 'em, so "The Crown" may be the company's next hit series.

The video-on-demand service has beat out ITV and BBC for the drama, which is inspired by Peter Morgan's play, "The Audience." Morgan will work with Stephen Daldry for the series, The Guardian said. Netflix paid almost $100 million for the first two seasons of the show.

The first Netflix original series to be made in the United Kingdom, "The Crown" is expected to start filming next year and be released in 2016. There are three actors that are supposedly being considered for the role of the Queen.

The Netflix show is supposed to follow the Queen Elizabeth II from the day her father died to the present. It has yet to be announced by Netflix, but it's supposed to be a 20-part drama. The series is supposedly just as much about her job as the Queen as it is about her personal life.

"The focus will be on politics and political machinations, in much the same was as 'The Audience' focused on the Queen's meetings with the prime minister of the day," a source said.

It won't be completely based on "The Audience," but it will draw inspiration from it. Helen Mirren, who won an Oscar for "The Queen," is not being considered for the role.

The show will be produced by Andy Harries, Robert Fox and Matthew Byam Shaw. The three all worked as producers on "The Audience."

"The Crown" could end up being more expensive than "House of Cards," as TechCrunch noted. The show starring Kevin Spacey was mainly "licensed for the U.S. and a few select international markets. But as Netflix is working on deals now, it has many more countries to obtain rights for. Presumably that includes the six new European countries it announced expansion plans for later this year, including France and Germany," Tech Crunch reported.