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Why Prince Harry, Meghan Markle borrow $25m?

13:08, June 19

Prince Harry and wife Meghan Markle have broadcast just 35 minutes of content for their £18million (about US$25 million) Spotify podcast deal, The Sun reported.

Streaming giant bosses were “looking forward to a full-scale launch of shows” this year.

But the Sussexes have yet to follow up their Christmas 2020 special, published under their Archewell Audio brand.

They are on parental leave with daughter Lilibet Diana and royal author Phil Dampier said: “We’re being told they’re having up to five months off and people who are paying them a lot of money will expect something in return.

“They seem to be using up a lot of ammunition very early and putting a lot of stuff out there in terms of deals and agreements with lots of firms.

“The question might be asked whether they have too much on their plate.”

PR guru Mark Borowski said Harry and Meghan may have pre-recorded shows ready for broadcast between now and 2022.

He added: “Even if the shows haven’t materialised yet, it’s a win-win for Spotify to have two of the most famous people in the world connected to them.

“But Harry and Meghan will be under scrutiny to deliver. What are these guys going to produce? What do they stand for?

“Having just had a baby and dealing with Covid too might explain the delay.

“It might be different if they weren’t so keen on having full control over output.”

Harry and Meghan, who have an £11million mansion in Montecito, US, signed a multi-year deal to produce podcasts that promote “diverse and inspiring voices”.

It is understood they were not paid their full £18million fee up front.

The entire value will only be honoured if obligations are met—including regular content.

Spotify and Archewell Audio declined to comment.


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