Royal Family May Need Charisma Training And A Financial Re-Think: Peter Bart –

TV ratings were sky high, crowds were unprecedented and the media was absolutely devoted, so in purely business terms the new boss of the British monarchy, King Charles III, should be delighted to have survived a historic week.

Hollywood’s applause, to be sure, was more reserved: If the monarchy were a subsidiary of Disney or Warner Bros. Discovery, the monarch would likely find himself summoned to impromptu meetings this week: Charles III needs charisma training, And so is his support. The cast royal family’s bottom line is in dire need of a new stream of income. Critical relationships with global allies and partners must be strengthened to strengthen the Commonwealth’s economic advantage.

In short, the multibillion-dollar “firm” (as the royals call themselves) is in bad enough shape that, if Hollywood were in control, swarms of consultants would already be crawling all over the palace. All castles.

“If it costs at least $2,000 to visit Disneyland for a day, even with a so-called Magic Key, the royal shows cost a pittance by comparison,” Hollywood Theme Park’s An executive commented. “Big Ben doesn’t know Tik Tok.”

While the monarchy can put on a great show from time to time — witness last week — some would argue that it has become as anarchic as the crown itself. Given its 3,000 diamonds and other random gems, even Queen Elizabeth II admitted it was too cumbersome for any future royal to wear.

Queen Elizabeth II’s state funeral – a photo gallery

The royal family’s financial burden has now reached $28 billion, according to insiders, who also believe that an honest calculation could be much higher. The Crown Estate, which owns most of London’s West End, made $363 million in profits last year alone – and the royals don’t pay tax.

King Charles IIIKing Charles III

King Charles III at the committal service for Queen Elizabeth II at St George’s Chapel, Windsor Castle on Monday
Justin Satterfield/Getty Images

The Queen’s personal 130,000-acre portfolio was automatically transferred last week to Charles III, who will not pay the 40% inheritance tax. The Queen’s personal assets also include Balmoral Castle and Sandringham Estate.

But revelations in the Paradise Papers in 2017 revealed that various members of the royal family had invested hundreds of millions in offshore companies – Bermuda addresses and others less glamorous.

These massive holdings (even those not on the books) will likely require mandatory rebranding. The 70-year-old legend of the Queen will have to be replaced by the masculine image of Charles, 73, and his successors – his eldest son, William, followed by William’s eldest, George. All can change their names when the “new” king takes control. Charles himself would not be formally crowned for several months.

All of this would not only influence a number of products based on the royal mythos, but also the depiction of royal behavior in future iterations of the shows. the crown.

In the past, royal hesitation and inertia have been excused by age and gender. The Queen was promptly pardoned for waiting eight days before visiting the grief-stricken Welsh mining town of Aberdeen, where an avalanche killed 144 people. Future royalty may need to show some urgency.

But Charles III himself has indicated that, in addition to these “image” issues, the Crown must also readjust its cost structure. Poverty levels in Britain have risen and dependence on food banks has doubled, but the palace has not backed down from its lavish lifestyle, with its costs continuing to rise.

According to Running a family firm By Laura Clancy, King Charles III is now eager to adopt a CEO-like posture to run his personal staff of 150. “His duchies will also now follow a more commercial model,” she writes.

King Charles III is officially announced in a historic ceremony, televised for the first time – watch

The king’s past efforts to raise private funding for himself and his charities have run into difficulties. The Sunday Times Charles was recently reported to have accepted millions of euros from a shady former Qatari prime minister who expected a knighthood in exchange for contributions like other Middle Eastern powerhouses.

Historically, an important source of income and prestige came from connections to a shrinking empire. Amid the rush of events this week, Charles III found time to shake hands in the North Island as well as Scotland. He even took over the vocabulary of the Welsh language.

None of this, however, has stopped dissident groups in New Zealand, Canada or even the Solomon Islands, who have signaled there will be referendums on withdrawal. If not, membership in the Commonwealth should offer maximum financial and cultural benefits.

Harry and Meghan’s efforts to monetize their royal presence have represented some of the most publicized moves to use Hollywood resources — particularly Netflix and Spotify. Meghan’s new podcast Archaeology It commands the presence of Serena Williams and Mariah Carey, and its $25 million price tag covers the contributions of 29 crew members, including 13 producers. One segment is titled “The Misconceptions of Ambition,” which some of Meghan’s enemies in the media believe may apply to her.

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