Prince Harry and Meghan Markle are in talks with a rival of Spotify after their podcast deal with the streaming giant was axed, according to reports.
Advisors for the Duke and Duchess of Sussex have opened discussions with Amazon-owned Audible over a multi-million pound agreement.
An insider has claimed that the Sussexes are preparing to establish the media and production arm of their organisation Archewell in 2024.
The source said: "Harry and Meghan are retooling, retrenching and preparing to change course in their efforts to establish themselves and their production company Archewell as serious players across multi-media platforms.
Advisors for the Duke and Duchess of Sussex have opened discussions with Amazon-owned Audible.
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"Expect them to come out swinging in the New Year."
Last week, Spotify's CEO opened up on the reason the streaming giant culled podcasts including Meghan Markle and Prince Harry's Archetypes.
Daniel Ek discussed the company's motivation for the move in a rare public interview, four months after it was announced that the Duke and Duchess of Sussex's podcast deal would not renewed.
Ek said: "We thought new innovation was needed to happen here.
Meghan Markle and Prince Harry were criticised by Spotify executive Bill Simmons as "f****** grifters".
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"We thought we could come in and offer a great experience that both makes consumers very happy and allows new creators new avenues."
He added during an interview with the BBC: "And the truth of the matter is some of it has worked, some of it hasn't.
"We're learning from those and we are moving on and we wish all of the ones we didn't renew with the best of success they can have going forward."
Meghan Markle and Prince Harry were criticised by Spotify executive Bill Simmons as "f****** grifters" after it was announced that Archetypes had been scrapped.
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The Duke and Duchess of Sussex's podcast has just 12 episodes that were released weekly from August to November 2022.
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The Duke and Duchess of Sussex's podcast has just 12 episodes that were released weekly from August to November 2022.
In July, Spotify revealed it had taken a £34million hit after culling failed podcast deals.
The streaming service revealed it had taken the hit as a result of "write-offs and contract termination" costs "in connection with rationalising our podcast content portfolio".
Ek said the company was "stepping out of some deals and relationships that haven’t worked out".
He added that in some cases: “We overpaid relative to what we should have done."
