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Earlier this week it was reported that Prince Harry and Meghan Markle’s Archetypes podcast would not be renewed for a second season. On Thursday, in a joint statement, Archwell Audio and Spotify of Sussex said, “Spotify and Archwell Audio have mutually agreed to part ways and are proud of the series we’ve created together.” However, the New York Post reported that the Sussexes will not receive their full payment of around $20 million because they did not produce enough material.
Now, a royal expert is claiming that Prince Harry and Meghan Markle’s media empire is crumbling. Here’s everything there is to know about the same.
Is Prince Harry and Meghan Markle’s media business in trouble?
The fallout between the Sussexes and Archwell audio could be the beginning of their downfall, royal experts say. Speaking to The Sun, biographer Angela Lavin revealed that Prince Harry and Meghan Markle’s worth is not as high as it used to be and that their future projects in the media are most likely to be ‘a disaster’.
Regarding the Sussexes’ fallout with the Spotify deal, Levine also explained, “An important crossroad for Harry and Meghan. Ouch!”
Royal commentator Richard Fitzwilliams told The US Sun, “The idea was that several series would be produced. Since there was only one, there is no doubt that the contract could be considered a failure. Obviously, the relationship was mutually exclusive.” Has not been profitable since.
About Prince Harry and Meghan Markle’s media engagements
However, that doesn’t mean Prince Harry and Meghan Markle are giving up podcasting entirely. A spokeswoman for Archewell said Meghan would continue to develop more content like this for Archetypes viewers on another streaming platform.
Although the Sussexes’ deal with Spotify was a ‘huge blowout’, they have also got deals with Random House and Netflix.
Most recently in April, Meghan Markle has also signed with talent agency WME. A source told Page Six, “This deal is about making Meghan a power player in Hollywood. Of course, even though she’s an actress, it’s not about the movies or shows for Meghan to act in, it’s about her acting skills.” is about creating projects to build – she wants to run the show.
Currently, Prince Harry and Meghan Markle are living in California with their two children.
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