“I’ve never tried to do anything with this podcast other than just talk to people” In fact, Apple took advantage of the situation on Friday and trolled Spotify by calling itself “the home of Neil Young.” If fans of those artists can’t hear their music on that service, they may go to one of the company’s rivals like Apple Music. “Since Young and Mitchell haven’t been in the news much lately, this story might drive streams of their tracks on other services,” Elton said. Still, when big-named artists leave, that’s not good for Spotify’s business. “However, there are some contracts that allow artists more decision-making and power, but those very rare.” “If the recordings are controlled by a record label then it’s not just up to an artist to pull their music if they want,” Serona Elton, professor of music industry at the University of Miami’s Frost School of Music, told CNN Business. Spotify makes public platform rules that cover Covid-19 misinformation. The Spotify app logo seen on the screen of a smartphone. They have no say where their music appears. In fact, according to estimates from Billboard, Young and Mitchell are both giving up more than 10% of their annual revenue by making this move.Īnother reason Spotify doesn’t need to worry too much: Most artists lack control of their streaming rights. So pulling your music from the top streaming music service to make a point makes a dent in the checkbook for these artists. Like Netflix, Spotify is the market leader and doesn’t need to fear a mass exodus of talent: Last year, recorded music revenues in the United States came in at $12.2 billion - of that $7 billion came from paid subscriptions. “A very real financial impact by Young and Mitchell” Now, Spotify has to hope this solution is enough to keep everyone happy as it continues to balance both sides of its business. Spotify had no further comment than Ek’s statement. “These are rules of the road to guide all of our creators - from those we work with exclusively to those whose work is shared across multiple platforms,” CEO and co-founder Daniel Ek said in a statement. (SPOT), it’s adding a content advisory to any podcast episode that includes discussion about Covid-19. (NFLX), the solution was a lot of apologizing. Joe Rogan responds to backlash from Spotify artists Joe Rogan exits the octagon following the women's flyweight fight between Miranda Maverick and Erin Blanchfield during the UFC 269 event at T-Mobile Arena on Decemin Las Vegas. The streaming video company found itself in a similar firestorm in October when it had to walk a thin line between editorial freedom and editorial supervision regarding the controversial Dave Chappelle comedy special, “The Closer.” Spotify’s situation mirrors Netflix’s controversy from late last year. Harry and Meghan then expressed ‘“concerns” to Spotify over misinformation and the hash-tag “ #DeleteSpotify” went viral. Not both,” Young said last week.Īfter Young pulled his music, Mitchell did the same and it snowballed. They’re serving very different audiences, and Spotify is learning it may not be able to have everything it wants. Spotify finds itself in between a rock and a hard place - it built a streaming music empire of 172 million subscribers in 180 countries on music from artists like Young and Mitchell, and it’s focused on becoming a hub for exclusive podcasts like Rogan’s. Neil Young and Joni Mitchell asked Spotify last week to pull their music from the platform because of Joe Rogan, who has made frequent false and inaccurate claims about Covid-19 and vaccines on his very popular Spotify podcast “ The Joe Rogan Experience.”
But it’s 2022, and that’s proving impossible. Spotify wants to be the everything-for-everyone audio company.
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