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Meghan Markle and Prince Harry could be in “financial trouble” despite their Netflix and Spotify deals, a royal expert has claimed.
The newsworthy royals have been in the limelight consistently since the pair announced they were stepping back from their senior duties in the Firm in February last year.
Now, royal commentator Daniela Elser has warned that the Duke and Duchess of Sussex could find themselves out of pocket if their lucrative deals don’t pay off.
Despite the multi-million pound deal they signed with the streaming moguls, Daniela believes producers are waiting to see if the new parents can “prove they are worth the investment” with a surge in popularity in their shows.
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Writing for news.com.au, Daniela said: “The problem with this paradigm is that their entire money-making ability is pegged to their ability to generate good PR.
“Should interest in them wane, or public fatigue for the never-out-of-the-news duo set in, then their value could plummet.”
The royal couple, who welcomed their second child Lilibet last month, have signed an estimated £24million Spotify deal as well as an estimated £72million Netflix contract.
The Times have since reported, according to industry insiders, that their Netflix deal could be structured in a way that gives them a retainer of $1.85 million and $3.7 million annually with more granted as the shows are released online.
Yet according to Daniela’s professional opinion, Meghan, who has recently announced she is creating a new animated series with Netflix, and Harry's series would need to be overwhelming success to cover their family costs.
She added: “Given their security and their home in Montecito have been estimated at around $5.9 million, they would need their productions to be smash hits.”
However, the odds for the royal couple are still in their favour after their explosive interview with Oprah Winfrey was recently nominated for an Emmy.
Speaking to exclusively to OK!, royal expert Duncan Larcombe recently shared how Prince William, who has decided to take a different approach to his brotherly feud, feels “sick to the pit of his stomach” after the academy recognition.
He explained: “The interview was an attack on his family and his wife and is now being heralded as one of the entertainment moments of the year.
“The Emmys nod is more bad news for the royals. It means that as awards gain momentum, once again Harry and Meghan’s attack on the institution will be repeated over and over again.”
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