In 2020, just a few months after stepping back from royal duties, Prince Harry and Meghan Markle signed multi-million deals to both Spotify and Netflix, so it looked like they had plenty of opportunities right away.
But now, one of those collaborations has come to an abrupt end, which is reportedly causing money worries for the couple.
Earlier this week, Spotify announced it had canceled Meghan Markle’s podcast. prototype After just one season. Originally he launched in August 2022 and within days became the number 1 podcast in various countries including the US.
Meghan has hosted a variety of high-profile guests, including Paris Hilton, Mindy Kaling and Serena Williams. The show won the People’s Choice Award for top podcast earlier this year.
However, despite the podcast’s success, Spotify chose not to renew the second season.
Archwell Audio, Meghan Markle and Prince Harry’s production company, issued a statement saying the decision was amicable. “Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series they created together,” it reads.
The couple’s original deal with Spotify was supposed to span multiple years, so the collaboration seems to have dissolved sooner than expected. The deal was valued at $20 million. It’s unclear if Meghan Markle and Prince Harry will work with Spotify again in the future.
The decision may be related to Spotify’s recent layoffs. The streaming giant recently laid off 6% of its workforce (about 600 people) and said more staff would be laid off.
But it could also be linked to Prince Harry and Meghan Markle’s controversial reputation, which has deepened their disagreements since leaving the UK.
Cancellation decision prototype It reportedly has a significant impact on the couple’s net worth. According to one report, the couple are starting to worry about money as the bills pile up.
“They are not bankrupt. page 6.
The couple currently live in the Montecito property they purchased in June 2020 for $14.7 million, but were reportedly looking for a bigger (and more expensive) property last year.
Private security claims alone are reportedly $2 million a year, and legal costs related to several lawsuits filed against the British press continue to be paid.
Prince Harry and Meghan are reportedly growing Arshwell to fame with his trust fund, but could be hit financially if the collaboration between the two companies goes awry there is a possibility.
Source: Global News, National Post,
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