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‘Harry and Meghan may not get full £18m Spotify fee’
MEGHAN & Harry may not get their full fee from Spotify after the couple made just ONE 35 minute podcast since signing with the giant in December 2020.
Media lawyer Ian Penman, who specialises in music streaming contracts, has suggested the Duke and Duchess’ podcasts are likely to have been less popular than Spotify expected.
He told Express.co.uk: “It would not be an unfair assumption that perhaps their popularity was not as great as maybe they or indeed Spotify initially felt.
“I think you could draw a conclusion that if [Spotify] haven’t exercised the option on the next episode of the podcast, then maybe they did not have the popularity that either Meghan and Harry expected or indeed Spotify anticipated.”
But he also claims the streaming giant wouldn’t have paid the contract fee up front, adding: “It’s famously the case in music deals, this goes back decades, that when people talk about a large deal, like Robbie Williams signing a deal for £15m or something, it does not mean he gets £15m on day one.
“So the problem you have here, I would imagine, is that when they talk about an £18m Spotify podcast deal, it probably means that they have signed their first product, in this case a podcast – they then have many, many options for further products. All those options are in Spotify’s favour. Make no mistake, they’re not in Meghan and Harry’s favour.”
Source: thesun
