The News
Royal Disappointment: Prince Harry’s Book Sales Fall Short of Expectations
Prince Harry's much-anticipated book, Spare, released at the beginning of 2023, has been labeled a financial disappointment.
The tell-all memoir, which was expected to be a major success, reportedly fell short in terms of sales, failing to meet the high expectations set for it.
Royal commentator Daniela Elza initially believed Spare had the potential to be a record-breaking hit, but recent findings suggest otherwise.
Former longtime Page Six deputy editor, Paula Froelich, now working for a US cable network, delved into the sales figures and revealed that Spare did not perform as well as anticipated.
Froelich's analysis indicated that the book would have needed to sell more than double the number of copies it actually did to justify the substantial advance Prince Harry received from his publisher, Penguin Random House.
Reports had previously surfaced that Prince Harry received a significant upfront payment for the book, with Penguin Random House banking on the memoir's success.
However, according to Froelich, the book would have had to sell a staggering 2.7 million copies to break even for the publishing house.
The fact that hardcover sales accounted for 80% of total book sales further underscored the underwhelming performance of Spare in the market.
Despite an impressive start with over 1.43 million copies sold across the United States, Canada, and Britain, including pre-orders, Spare's momentum seemed to falter soon after its release.
Customers flocked to purchase the book, but the overall sales did not meet the projected targets.
As rumors swirled about the potential release of Meghan Markle's own memoir following the lukewarm reception of Prince Harry's book, concrete details remain scarce.
Biographer Tom Bauer hinted at the possibility of Meghan Markle penning her memoirs, suggesting that it could be a lucrative venture for the Duchess of Sussex.
Despite the uncertainty surrounding Meghan's literary aspirations, speculations about her future in the publishing world continue to circulate.
In light of Spare's lackluster performance in the market, questions arise about the future of Prince Harry's writing career and the impact it may have on his partnership with Penguin Random House.
The disappointing sales figures have cast a shadow over the initial optimism surrounding the book's release, prompting reflections on the dynamics of celebrity memoirs and their reception by the public.