#Spotify stock joe rogan license
“My understanding is that Spotify has an exclusive license on "The Joe Rogan Experience" podcast, which is produced by Joe Rogan and his people,” said Seth L. For starters, there is the question of whether Spotify can swiftly drop him. Whither Rogan? Benzinga surveyed media and entertainment industry thought leaders to determine what it would take for Spotify to see Rogan as a liability rather than an asset. Whether or not it was an intentional pledge sum, $100 million is also the figure that Rogan achieved in his four-year 2020 contract with Spotify to make his show exclusive to the platform. While Spotify has removed multiple older episodes of “The Joe Rogan Experience” with problematic content - the exact number is unclear, with sources putting it between 70 and 113 - Ek added he was committed to an “incremental investment of $100 million for the licensing, development, and marketing of music (artists and songwriters) and audio content from historically marginalized groups” in an effort to widen Spotify’s programming.
In a memo to the Spotify staff, Ek said Rogan’s comments “do not represent the values of this company” - yet he insisted “canceling voices is a slippery slope” and he had no plans for “silencing” Rogan.
Spotify CEO Daniel Ek has both distanced himself from Rogan’s episodes while standing by his star podcaster. Spotify has spent billions to build its podcast business.The controversy surrounding the content on the Spotify Technology SA (NYSE:SPOT) podcast “The Joe Rogan Experience” is showing no signs of abating, with greater pressure being placed on the company to address high-profile complaints of medical misinformation and racially insensitive commentary on past episodes. Singer-songwriter Joni Mitchell also asked for her music to be taken off Spotify, citing a letter from hundreds of medical professionals urging the platform to prevent Mr Rogan spreading falsehoods on the pandemic. Mr Rogan is a prominent vaccine sceptic and his views on vaccines and US government mandates to control the spread of the virus alienated prominent figures from singer-songwriter Neil Young to guitarist Nils Lofgren. I will do my best to try to balance out these more controversial viewpoints with other people's perspectives so we can maybe find a better point of view. "If I pissed you off, I'm sorry," Rogan said. In a 10-minute Instagram video post, Mr Rogan apologised to Spotify for the backlash but defended inviting contentious guests. Mr Rogan's show, The Joe Rogan Experience, has been the most listened-to podcast on Spotify and is central to its plan to expand beyond music and take on rivals such as Apple and for a share of the podcasting market. Spotify said it would add a content advisory to any episode with discussion of Covid to try to quell the controversy, a first step into the field of content moderation that other tech platforms have found challenging and costly.
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