Spotify has confirmed that Meghan Markle’s Spotify podcast, Archetypes, will not be returning for a second season.

The audio company is said to be revamping its output and making changes.

In a joint statement released by Spotify and the Sussexes’ audio production company, Archewell Audio, it was stated that the parties ‘mutually agreed to part ways and are proud of the series we made together’.

Although Meghan and Harry reportedly signed a £15million ($20million) deal with Spotify for the project in late 2020, insiders claim that the royal couple did not meet the productivity benchmark required to receive the full payout.

Archetypes, which launched in August last year, explores the ‘labels that try to hold women back’.

The Duchess of Sussex is still planning to create more podcasts and find a new home for her series, which has previously featured her friend and tennis star Serena Williams, pop sensation Mariah Carey, and South African comedian Trevor Noah.

The axing of the show comes after sources close to the Duke and Duchess of Sussex claimed the pair would stop making tell-all Netflix documentaries, publishing memoirs, and sitting down for interviews that bash the Royal Family, as they have ‘nothing left to say’.

Discussions to publish more content from Archwell – the production company owned by the royal couple – are ongoing.

Although Spotify carried out conversations for a second series of Archetypes last year following the end of the first season, talks later stalled.

The talent agency that recently signed Meghan, WME, stated that ‘the team behind Archetypes remain proud of the podcast they created at Spotify.

Meghan is continuing to develop more content for the Archetypes audience on another platform’.

Spotify also announced that it would be laying off around 200 staff members – around 2% of their workforce – who work within their podcast teams.

It cited difficulties in making podcasts profitable, despite their popularity among listeners.

Meghan signed off her 12th and last Archetypes episode with a defiant piece of poetry about survival – but made no mention of a potential second season.

The podcast reached the top of Spotify’s charts in the week it premiered.

There are also suggestions that Meghan could soon look to bring her wellness and lifestyle blog, The Tig, in a bid to rival Gwyneth Paltrow’s Goop website, which is reportedly worth £200million.

Since officially leaving the Royal Family and moving to California in 2020, the Duke and Duchess have pursued a number of different avenues to bring in revenue.

This includes Prince Harry’s bombshell memoir Spare, which he created as part of a $20million deal with Penguin Books.

The couple also teamed up with Netflix to produce the docu-series called Harry And Meghan, with the streaming giant reportedly paying the pair $100million for the six-episode series.