Duke and Duchess of Sussex set up businesses in Delaware

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Duke and Duchess of Sussex set up businesses in Delaware

We use your sign-up to provide content in ways that you've consented to and improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. The Duke and Duchess of Sussex had set up nearly a dozen businesses in Delaware, a US state that does not impose business transaction taxes or high personal taxes. The couple registered 11 companies in the state in April 2020, some of which were created to hold the Archewell charity trademark and its affiliated companies, according to state filings.

Over half of their new companies have been established for entertainment business within these filings. The couple has signed a deal to produce content with Netflix, believed to be worth around $100 million 73.7 million. A deal with streaming giant Spotify was signed in December 2020 and is estimated to be worth 18 million. Two more companies were registered along with the previous companies on the same day, it has now emerged.

The venture is designed to be a gamechanger for the entertainment industry, along with a second company, listed as Riversoul Productions Inc. The Duke and Duchess has listed seven separate companies with this explicit purpose, including others like Hampshire LLC and IPHW LLC. The couple previously worked under the name Archewell Productions, used for their collaboration with Netflix, and Archewell Audio for their involvement with Spotify. These entertainment focused companies complete Duke and Duchess's portfolio of two publishing companies and three investment firms.