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Prince Harry and Meghan Markle’s Empire Crumbles as Spotify and Netflix Deals Collapse
Prince Harry and Meghan Markle have suffered a major blow as their lucrative deals with Spotify and Netflix have fallen through.
This devastating news could potentially cost them millions of dollars.
It seems that Prince Harry has had more than his fair share of bad days in his life, starting from the heartbreak of losing his mother at a young age.
His struggles continued with his parents’ separation and being pulled away from the frontlines to serve in the army.
Additionally, his relationships with Chelsea Davy and Cressida Bonas fell apart, causing him immense pain.
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However, nothing compares to the day he discovered his singing talents were less than stellar.
The loss of the $18 million deal with Spotify was followed by reports that Netflix was unlikely to renew their contract with the royal couple.
Once on top of the world, it appears that things are changing for Harry and Meghan.
Speculation is rife about their financial situation, with some claiming they are broke and others suggesting they are just facing pressure.
Regardless, it seems their bankers are not worried.
To understand the situation better, let’s start from the beginning.
Last week, news broke that Spotify had decided to end their partnership with Meghan and Harry.
Despite having a star-studded lineup, including Serena Williams and Mariah Carey, the show failed to impress and the ratings reflected that.
Harry, who was part of the Spotify deal, never managed to release any shows on his own.
Instead, he seemed to follow the tradition of laziness and discontentment set by past royals.
After Spotify confirmed the end of their collaboration, Bill Simmons, the head of podcast innovation, openly criticized the couple, calling them “grifters.”
Simmons even shared an anecdote about trying to help Harry with a podcast idea, implying that his efforts were in vain.
Entertainment and royal insiders wasted no time in expressing their negative opinions about the couple’s brand.
One industry source described them as lazy and difficult, while a former biographer claimed that their empire was crumbling and people were fed up with them.
Brand and culture experts suggested that other companies might follow Spotify’s lead and sever ties with Meghan and Harry.
The Times reported that Spotify pulled the plug on their audio numbers, and even Newsweek, usually sympathetic to the couple, acknowledged that future offers would be challenging for Harry.
The Netflix deal, valued at $145 million, is the main source of income for Meghan and Harry.
However, reports indicate that things are not looking promising on that front either.
Within 48 hours of the Spotify news, it was revealed that there were no plans for a second season of their documentary series, and their Invictus Games documentary was their only other project in the works.
Sources suggest that some people within Netflix are not friendly towards the couple, and doubts are growing about the future of their partnership.
The situation seems dire for Harry and Meghan.
Losing their deals with Spotify and potentially Netflix has dealt a severe blow to their financial stability.
The stories they have already told may have damaged their reputation and made potential investors hesitant to support them.
It is unclear how they will manage to secure the estimated £5 million they need each year to sustain their lifestyle.
Their TV contract is also coming to an end, leaving them with limited options.
While Meghan and Harry initially secured substantial deals upon their move to the US, it is unlikely that money was simply handed to them without any output.
Their earnings were likely dependent on their performance and production.
With the cancellation of their Spotify deal, they have undoubtedly lost a significant amount of money.
Experts estimate that they may have missed out on around $14.5 million, which is roughly equivalent to the mortgage they took out last year.
Despite claims that they are not broke, sources suggest that Meghan and Harry need to continue spending rather than banking.
This news is disheartening, considering their fondness for private jets and polo matches.
Meghan’s previous earnings of around $70,000 per episode are not sufficient to sustain their lifestyle.
The recent release of paparazzi footage showing Meghan’s distress only adds to their woes.
Speculation is now swirling about Meghan potentially signing with a new agency, but even if she does, it is unlikely that the fees will come close to those offered by Spotify or Netflix.
As Prince Charles donates profits from a wind farm deal to help his citizens back in the UK, Meghan and Harry face an uncertain financial future.
While bombast paid off for the king, it could be the downfall of the royal couple.
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