The news has been deemed as one of the most unfortunate turns of fate for the Sussexes, according to royal expert Daniela Elser.
In her column for News.com.au, Elser expressed, "There have been numerous moments of uncertainty for Harry and Meghan, but this particular incident might be the worst one they have faced since leaving the UK."
Furthermore, within 48 hours of the Spotify announcement, Matt Wilkinson, the royal editor at the Sun, reported that Netflix is also unlikely to renew the duke and duchess' contract.
Elser contemplated on who would be willing to financially support the Sussexes moving forward, stating, "It seems that Harry and Meghan, having exhausted their royal tales, are proving to be unappealing investments for major corporations."
She continued, "Considering the current trajectory, it wouldn't be surprising to see a Princess Lilibet merchandise line exclusively available at Target in the near future.
Their financial situation has become a complex matter." Elser acknowledged that while the couple managed to secure deals worth over $200 million during their initial 18 months in the United States, it wasn't a scenario where companies simply handed them large sums of money while they brainstormed programming ideas, nervously chewing on their Tiffany & Co pencils.
She emphasized, "Instead, these types of agreements likely hinged on their output, and the premature end of their Spotify deal means they have potentially missed out on millions." The Post previously reported that the couple is unlikely to receive the full amount.
An insider shared with the publication that they "didn't produce sufficient content to qualify for the complete payout of the approximately $20 million deal they signed in 2020."
PR expert Borkowski estimated that the conclusion of their partnership with Spotify could have cost them up to $14.5 million.
