Meghan Markle and Prince Harry’s difficulties in securing lucrative contracts in Hollywood are indicative of the financial challenges faced by many in the United States.

Experts in the media industry suggest that the couple’s ongoing struggles may worsen as Hollywood studios tighten their belts amidst the current cost of living crisis.

Streaming giants like Spotify and Netflix, who are also feeling the pinch, are expected to significantly reduce their investment in high-profile deals in the coming year.

While Meghan and Harry initially signed a substantial contract with Spotify for Meghan’s podcast, “Archewell Audio,” the agreement only covered 12 episodes and has not been renewed for another series.

According to The Daily Mirror, the couple has been advised to come up with fresh concepts to fulfill their obligations with Netflix following the success of their docuseries about their lives.

One potential project under consideration is a show titled “Bad Manners,” based on Charles Dickens’ character Miss Havisham.

However, if the show gets the green light, Meghan’s role as the lead will undergo a transformation.

Instead of portraying a lonely spinster, Miss Havisham will be portrayed as a strong woman defying societal norms in a patriarchal society.

The challenges faced by Meghan and Harry in the entertainment industry mirror the wider struggles occurring in Hollywood.

Suzanne Daniels, YouTube’s former global head of original content and now at UCLA, predicts that the situation will worsen for some of the industry’s biggest names next year.

Daniels believes that the number of new deals will decrease significantly due to the prevailing belt-tightening measures.

This sentiment is echoed by PR expert Chad Teixeira, who suggests that brands may be hesitant to partner with the couple given their recent setbacks with Spotify and Dior.

Teixeira emphasizes the importance of Meghan carefully considering her next steps, taking into account her reputation and the need to align with her core values and personal brand, in order to forge successful partnerships and resonate with her audience.

Despite the challenges they face, Meghan and Harry’s careers are not currently in jeopardy.

In addition to their multi-billion dollar deal with Netflix, the couple also has an agreement with Penguin Random House, the publisher responsible for Prince Harry’s memoir.

A spokesperson for Archewell Productions, the couple’s production company, revealed that Meghan is actively working on developing content for another platform targeted at the Archewell audience.

However, the spokesperson did not disclose the specific platform being utilized.

In conclusion, Meghan and Prince Harry’s struggle to secure significant contracts in Hollywood reflects the financial crisis impacting the entertainment industry in the US.

As streaming giants and Hollywood studios tighten their budgets, high-profile deals are expected to decrease.

Meghan’s next moves will be crucial, as she navigates potential partnerships while staying true to her values and maintaining her credibility.

Despite the challenges, the couple’s careers remain intact, thanks to their existing agreements with Netflix and Penguin Random House.