Spotify has ended its podcast cope with the Duke and Duchess of Sussex, in what the 2 events have described as a mutual settlement. The profitable deal, inked in 2020, has been estimated to be around $20 million(opens in a new tab) (round £15.6 million).
The platform has confirmed it will not be renewing “Archetype”, Megan’s podcast, for a second collection. The podcast, which won the People’s Choice Award(opens in a new tab) this previous December, has spanned 12 episodes since August 2022, with celeb friends like Mindy Kaling, Trevor Noah, Paris Hilton, Jameel Jamil, and Serena Williams. Meghan has described the podcast as a “labour of love”(opens in a new tab).
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Markle’s expertise company WME confirmed to the Wall Avenue Journal that the Duchess will proceed to “develop extra content material for the Archetypes viewers on one other platform”. Archewell, the organisation based by The Duke and Duchess of Sussex, will retain the intellectual property rights(opens in a new tab) to all current content material. The episodes which have already launched will stay on Spotify.
In the meantime, Spotify has lately reduce 2 % of its workforce within the podcast division, regardless of fast progress on this house.