Meghan, Harry’s Spotify podcast payout larger than biggest streamed song of all-time
A WEEK ago, it was announced that Meghan Markle and Prince Harry’s Spotify deal came to an abrupt end after just one series.
The announcement was made through a joint statement by Spotify and Archewell Audio, Prince Harry and Markle’s podcast production company.
“Spotify and Archewell Audio have mutually agreed to part ways and are proud of the series we made together,” they announced, without sharing the details of the split.
However, Bill Simmons, Spotify’s head of podcast innovation and monetisation, made clear that the partnership had ended on bad terms when he criticised the couple and called them “grifters” on his podcast shortly after the announcement.
And despite the partnership coming to a premature and controversial ending, the couple are believed to have banked in the region of $20 million (R373m) from the deal.
The Boardroom, a media network that covers the business of sports and entertainment, said that despite the show having yielded little success, their payout was higher than the payout for the platform’s biggest song, The Weekend’s 2020 single, Blinding Lights.
“The Weeknd’s Blinding Lights is the most streamed song on Spotify ever. Assuming the payout is $0.005 a stream, that song has paid out less ($18.2m) than the deal Harry and Meghan got paid to make 12 podcast episodes ($20m).”
Blinding Lights has been played a staggering 3.6 billion times on the platform and, off the back of the song’s huge success, The Weeknd recently became the first and only artist in Spotify history to hit 100 million monthly listeners on the platform.
With Spotify constantly facing criticism from artists for paying such small figures for streams, many on social media have used the report to point out how ironic it is that The duke and duchess of Sussex topped The Weeknd’s earnings for his huge hit with their podcast.
“Streaming is a repackaged torrent that artist lose money on,” said one follower, adding: “Its a scam tbh.”
Another said: “They should do a master class on how to get millions for very little work. I’d pay for that.”