Meghan Markle and Prince Harry may not receive the full £ 18million from Spotify. The reason being the lack of popularity of the podcast produced so far.
Last year, Spotify announced full support of the couple throughout the year 2021. What had done the buzz with £ 18 million at stake for Meghan and Harry. Only the Sussexes could do not touch the entire amount altogether. The reason ? A poor analysis of the popularity of the duke and duchess from Sussex. Indeed, the streaming platform could only produceonly one 35 minute podcast episode so far.
Podcasts would be less popular than Spotify and the royal couple had it planned according to Ian Penman, a lawyer specializing in music distribution contracts. “It wouldn’t be unfair to think that maybe their popularity wasn’t as great as they thought, or that Spotify initially thought it was.“, he confided to Express.co.uk. “I think we can conclude that if Spotify did not exercise the option on the next episode of the podcast, maybe it was that they didn’t have the popularity that Meghan and Harry expected or that Spotify expected, ” he added.
“Harry and Meghan want to do too many things at the same time”
Recall that Archie and Lilibet’s parents sought many chords commercial. This sincethey cut ties with the British royal family. Currently, the Sussexes live in an £ 11million mansion in Montecito, California. “Harry and Meghan want to do too many things at the same time“, says Angela Levin, biographer.
Faced with this situation, Spotify would be mystified about the lack of content produced by the couple. The deal is costing the platform £ 500,000 per minute so far, according to The Sun. However, the lawyer, Penman, explains that Spotify is not necessarily a loser. He claims that it is unlikely that the platform has paid the entire 18 million pounds in advance. She would only have paid a small advance with the retention of the right to withdraw from the contract in case the first episode isn’t popular.
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3/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Last year, Spotify announced full support for the couple throughout 2021.
© Backgrid USA
4/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
What had made the buzz with 18 million pounds sterling in the key for Meghan and Harry.
© Backgrid USA
5/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Only the Sussexes might not get the full amount after all.
© Backgrid USA
6/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
The reason ? A poor analysis of the popularity of the Duke and Duchess of Sussex.
© Backgrid USA
7/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Indeed, the streaming platform has only been able to produce one 35-minute podcast episode so far.
© Backgrid USA
8/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Podcasts would be less popular than Spotify and the royal couple had predicted according to Ian Penman, a lawyer specializing in music streaming contracts.
© Backgrid USA
9/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
“It wouldn’t be unfair to think that their popularity maybe not as great as they thought, or that Spotify initially thought it was,” he told Express.co.uk.
© Backgrid USA
10/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
“I think we can conclude that if Spotify did not exercise the option on the next episode of the podcast,
© AGENCY
11/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
maybe it was that they didn’t have the popularity that Meghan and Harry expected or that Spotify expected, ”he added.
© EXPRESS SYNDICATION
12/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
“Harry and Meghan want to do too many things at the same time”
© Backgrid USA
13/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Remember that Archie and Lilibet’s parents looked for many trade agreements.
© Zuma Press
14/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
This since they cut ties with the British royal family.
© Zuma Press
15/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Currently, the Sussexes live in an £ 11million mansion in Montecito, California.
© Agency
16/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
“Harry and Meghan want to do too many things at the same time,” says Angela Levin, biographer.
© Backgrid UK
17/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
Faced with this situation, Spotify would be mystified as to the lack of content produced by the couple.
© Agency
18/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
The deal has cost the platform £ 500,000 per minute so far, according to The Sun.
© AGENCY
19/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
However, lawyer Penman explains that Spotify is not necessarily a loser.
© Backgrid UK
20/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
He says the platform is unlikely to have paid the entire £ 18million upfront.
© Backgrid UK
21/21 –
Prince Harry, Duke of Sussex, and Meghan Markle, Duchess of Sussex
She would only have paid a small advance with the retention of the right to opt out of the contract in the event that the first episode was not popular.