Prince Harry’s much-anticipated book, “Spare,” released earlier this year, has been labeled a financial disappointment.
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According to reports, Prince Harry’s tell-all memoir failed to meet the expected sales figures, leaving many questioning whether it was worth the hefty advance he received.
Royal commentator Daniela Elza initially believed that “Spare” would be a record-breaking success for the former royal.
However, a recent report by former Page Six deputy editor Paula Froelich suggests otherwise.
Froelich delved into the sales numbers and concluded that the book would have needed to sell more than twice the amount it did in order to recoup the advance.
It was previously reported that Prince Harry received an upfront payment from his publisher, Penguin Random House.
However, according to Nation, the book would have had to sell a staggering 2.7 million copies for the publisher to break even.
Froelich also noted that hardcover sales accounted for 80% of the total book sales, indicating the overall performance of “Spare.”
Initially, on its release day, January 10th, “Spare” was touted as a record-breaking success.
The book reportedly sold over 1.43 million copies in the United States, Canada, and Britain, including pre-orders.
Shannon DeVito, the director of books at Barnes & Noble, remarked on the impressive sales throughout the day, stating that they sold a significant number of books in various locations.
The underwhelming performance of Prince Harry’s book has sparked speculation about whether Meghan Markle, his wife, will follow suit and release her own memoir.
However, there is no concrete information regarding such a project at this time.
Nevertheless, biographer Tom Bauer, author of “Revenge: Meghan and Harry’s Story,” previously revealed that Meghan Markle is working on her memoirs, which is expected to be a lucrative endeavor.
In conclusion, Prince Harry’s book “Spare” has failed to live up to expectations in terms of sales.
Despite the initial hype and record-breaking figures on its release day, the book fell short of earning back its advance.
This has led to discussions about the possibility of Meghan Markle penning her own memoir, which could potentially be a significant financial success.
Only time will tell if the Duchess of Sussex decides to share her story with the world.