Prince Harry claimed a “monumental” victory Wednesday as Rupert Murdoch’s U.K. tabloids made an unprecedented apology for intruding in his life for years, and agreed to pay substantial damages to settle his privacy invasion lawsuit.

Murdoch’s U.K.-based publisher of The Sun tabloid, News Group Newspapers, has agreed to pay “substantial damages” to settle Harry’s legal claim.

Prince Harry's decision to settle with News Group Newspapers may have been the smart move, according to one expert.