Earlier this month, we reported that Meghan Markle and Prince Harry had a lengthy list of demands when it comes to their speaking gigs, which they can make up to $1 million per engagement for. Now, however, these demands have come back to bite them, as it’s been revealed that the couple may end up earning less money because of their diva-like ways.
An international consultant who runs VIP corporate events in the United Kingdom and the United States told The Sun [1] that Meghan and Harry may only be able to garner fees of $250K-$400K because clients willing to pay $750K-$1 million may be put off by their long list of demands.
“Harry and Meghan coming on the speaker circuit is certainly as significant as the likes of President Obama or Arnold Schwarzenegger,” the source said. “The pair are fascinating, uniquely experienced individuals, who have a wide reach, who would have been a huge draw to a live audience pre COVID.”
“So back then figures between the 750k and $1m mark seemed steep, but possible,” the insider added. “Realistically their earnings range is closer to $250k to $400k. And with those types of fees that is where the negotiations on their roles becomes tricky.”
“While every speaker has a right to demand the parameters of an appearance, as the price increases often so do the expectations of clients,” the consultant explained. “In that grey area are negotiations and discussions, until everyone reaches a compromise. The contract paperwork appears to read that the speakers have full control of the client’s event. It certainly raises eyebrows and will put off many potential large corporations. Not many clients ever like inviting talent as star guests, who may be seen as running their event and telling them what to do.”
The consultant went on to explain that clients willing to pay $1 million for them to speak will “not like being bossed around on how to run their events and who will speak.”
“Every speaker has a right to protect their image and request clients adopt their rules…
“No speaker or paid guest, in my experience, has ever been allowed to have approval of each aspect of a corporate event, including former US Presidents,” the source said. “Probing sponsors and corporations for the Sussexes makes sense given how particular they are about issues like the environment, equality and child poverty.”
“Another key point is that their interest in the financial and fundraising aspect of charitable causes is smart. The last thing they want to be associated with is an event, which is not successful,” the consultant continued. “Nevertheless I expect there will be some give and take on parts of their deals, but they will turn down many more events than they accept.”
“My guess would be ninety percent of opportunities will be passed on, once their speaking brand reaches its peak,” the source concluded.
This piece originally appeared in UpliftingToday.com [2] and is used by permission.
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