Spotify executives called Prince Harry and Meghan Markle “scammers” after their $20 million, multi-year podcast deal with the platform ended prematurely.
Bill Simmons, who founded the Ringer Podcast Network and sold it to Spotify for $196 million while also becoming the company’s head of podcast innovation and monetization, said on his show: accused. Bill Simmons Podcast.
Last week, Spotify and Prince Harry and Meghan Markle’s production company, Archwell, announced that they had “agreed to part ways and are proud of the series they created together.”
Only 12 Meghan episodes prototype A podcast in which she interviewed celebrities such as Serena Williams and Mariah Carey was produced under the deal.of wall street journal Prince Harry and Meghan Markle have reportedly not met the productivity requirements to receive the full $20 million.
What is a “Grifter”?
of Cambridge Dictionary A grifter is defined as “a person who cheats and obtains money illegally”.
of Online etymology dictionary It has been suggested that the term probably originated in the early 1900s as a variation of the word “grafter” meaning a hard worker.
What did Bill Simmons say about Prince Harry and Meghan Markle?
“I wish I had been in the ‘Meghan Markle and Prince Harry leaving Spotify’ talks,” Simmons said on his podcast. “The F***ing Grifters” – It’s the podcast we should have started with them.
“One night I got drunk and had to tell a story about a Zoom I had with Harry to help me with an idea for a podcast. Come on.”
Simmons has previously criticized the couple, saying on the January 2022 episode of his podcast: The royal family and you just complain about them. “
The Duke and Duchess of Sussex have not responded to Simmons’ comments.
Both Harry and Meghan’s and the Simmons’ deals with Spotify were part of the company’s $1 billion expansion into podcasting.
Spotify CEO Daniel Ek said on a conference call that the platform made some mistakes in its expansion, saying, “You’re right in pointing out the overpayment and overinvestment. We will be very diligent about how we invest in content deals, but of course we won’t update anything that doesn’t pay off.
“And what is performing well will obviously be looked at on a case-by-case basis based on relative value.”