The Duke and Duchess of Sussex are a versatile bunch to say the least. Recently, the two have made the decision to get into podcasting and Spotify has closed the deal on its exclusive streaming rights.
On Tuesday, Spotify dropped the news that it has signed a multi-year deal with the production company that will be producing the royal podcast. The size of the cheque the two received has not been disclosed. Through this process, the couple founded a newly formed production company named Archewell Audio.
This is not the first big acquisition for Spotify as it makes its move into podcasting with big name deals with Joe Rogan, Barack and Michelle Obama, Kim Kardashian West and even TikTok Addison Rae.
Following the release of the news on Tuesday, Spotify shares jumped around 2%. Since the beginning of the year., Spotify shares are up over 110%.
I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.