Deadline has confirmed that the Sussexes have separated from Spotify.
Prince Harry and Meghan Markle did a podcast as part of a reported $20 million deal with Spotify in 2020 prototype, Hosted by the latter. The podcast explored labels that oppress women and promoted guests such as Trevor Noah, Mariah Carey, Mindy Kaling, and Serena Williams, but a second season won’t go into production despite negotiations.
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The Duke and Duchess of Sussex are rethinking their deal to find better homes and partnerships for their content.there is a possibility that prototype I’ve heard it could end up elsewhere. At the end of April, the Duchess of Sussex signed with WME and will also represent Archwell, Prince Harry’s content production label. At WME, building our two film and television productions, our brand partnerships, and our overall business is a top priority. Markle’s team at WME also includes Endeavor CEO Ari Emmanuel and brand rep Brad Slater.
When you exit the gate, prototype It topped Spotify’s charts last August, won a People’s Choice Award, and went No. 1 internationally when the podcast debuted.
Today’s news comes at a time when Spotify is in trouble. The company laid off 200 employees last week, including audio engineers among others, saying podcasting would be in the red if it ran alongside its music streaming service. The job cuts followed a massive layoff earlier this year when 6% of the company’s total workforce (9,800 at the time) was laid off. One of the big departures was TV veteran and former Condé Nast Entertainment Dawn Ostroff, who was key to landing a high-priced and prolific talent deal at Spotify. During her tenure, Spotify plowed her more than $1 billion to acquire podcast assets and sign exclusive deals with talent such as Joe her Logan and Dax her Shepard. At the end of April, Spotify CEO Daniel Ek said the streaming audio company was looking to invest in podcasting for the future, as some of the company’s deep talent contracts were renewed. I will evaluate it enthusiastically,” he said.
Despite reporting 83 million monthly users worldwide last year, Spotify’s losses ballooned tenfold, posting a net loss of $470 million on $12.8 billion in revenue. bottom.
The Wall Street Journal was the first to report the news of the Sussexes leaving Spotify.
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