Spotify is ending its podcast production deal with the Duke and Duchess of Sussex.
A joint statement from Harry and Meghan’s company and a major streaming company said the couple “mutually agree to separate.”
Spotify claims it will no longer renew Meghan Markle’s podcast “Archetypes” and will air a second series with 12 episodes starting in August 2022.
Di Binh Dey’s deal is estimated to be worth $25m (£18m) in late 2020.
The podcast deal is one of the major commercial deals the couple signed after stepping down from royal duties and moving to the United States in 2020.
Wendem announced Am at the end of 2020, stating that Prince Binh will “bring a variety of perspectives and voices you’ve probably never heard before.”
For archetypes, Meghan talks to celebrities like Serena Williams and Mariah Carey about stereotypes about women.
Spotify and the couple’s content creation label, Archewell Audio, said in a statement that they were “proud of the series we created together.”
In December, Archetypes won the People’s Choice Award in Los Angeles for Top Podcast.
At the time, Meghan wrote: “I love staying up late in bed and immersing myself in writing and creative work.
“And I loved delving into meaningful conversations with a variety of inspirational guests, laughing and learning with them. This is such a job of love.”
The Wall Street Journal quotes one of Ashwell’s spokespersons as saying that Meghan “will continue to develop more content on the Anoda platform for archetype audiences.”
When the deal with Spotify was first announced, it was supposed to be a multi-series relationship, but in the end only one series was produced.
According to US media reports, the royal couple will not receive the full contract amount because they do not meet the productivity benchmarks required by Spotify.
Since parting ways with the royal family, Prince Harry and Meghan have tried to use their global fame to become financially independent.
Unless a multi-million dollar content deal with Netflix and a major deal with Harry and Penguin Books are involved, he already has no plans to produce an autobiography, Spare.
The move comes after Spotify announced last week that it would be cutting 200 jobs in its podcasts division, saying it was embarking on a “strategic restructuring” after investing heavily in the division.