Neil Young's music removed from Spotify

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Spotify’s market capitalization fell about $2.1 billion over a three-day span this week, coming after folk rocker Neil Young yanked his songs from the audio-streaming giant to protest Joe Rogan’s misinformation-spreading podcast.

Shares of Spotify fell 6% from Jan. 26-28. Over the same time period, the tech-heavy Nasdaq composite index rose 1.7% and the Dow Jones Industrial Average was up 1.1%. For the sake of comparison, Netflix’s stock recovered a bit, up 4.9% over the last three days, after getting hammered following its Jan. 20 earnings report.

Spotify stock closed Thursday (Jan. 27) at a 19-month low of $171.32/share. Th

o be sure, Spotify’s stock price was already on the slide — having plummeted 25% year-to-date as of Jan. 25, the day before Young’s catalog was pulled off Spotify. Investors have been rattled by signals that Spotify’s growth may be slowing, particularly after Netflix’s warning of a significant cooldown in first quarter subscriber net adds (which precipitated a 24% drop in its share price).

Also, it’s worth noting is that Spotify’s stock rebounded slightly Friday, closing up 1% to $172.98/share, amid a broader market upturn. However, that came before Joni Mitchell announced that she, too, would be removing her music from Spotify.

Rogan, whose exclusive multiyear distribution deal with Spotify for his podcast is estimated to be worth more than $100 million, hosted the No. 1 most-listened to podcast on Spotify in 2021, according to the company.

For Spotify investors, the concern is that the artist exodus could snowball in the coming days and drive a material number of customer cancellations. Hashtags #CancelSpotify, #DeleteSpotify and #ByeSpotify were trending on social media in the wake of Young’s ultimatum and Spotify’s decision to remove his music.

Rogan, whose exclusive multiyear distribution deal with Spotify for his podcast is estimated to be worth more than $100 million, hosted the No. 1 most-listened to podcast on Spotify in 2021, according to the company.

Young on Friday doubled down on his anti-Spotify stance, slamming the streamer’s audio quality as “sh***y, degraded and neutered” and announcing a partnership with Amazon giving new customers to Amazon Music Unlimited four months free of the premium streamer.

Spotify will now add COVID-19 content advisories to podcast episodes that discuss COVID-19 following criticism of the platform’s handling of the controversial content in the Joe Rogan Experience. The advisory will lead to Spotify’s COVID-19 hub, which contains credible and up-to-date information about the pandemic.

To increase transparency around its treatment of the issue, Spotify is making its COVID-19 content policy and general platform rules publicly available on its site. Spotify says anyone who breaks the rules may have the content in question removed, with repeat offenders potentially having their accounts suspended or banned. The Verge obtained this policy ahead of the platform’s public release, and an internal memo revealed that Joe Rogan’s podcast didn’t “meet the threshold for removal

According to the policy, Spotify prohibits content that asserts “AIDS, COVID-19, cancer or other serious life threatening diseases are a hoax or not real.” The platform also bans content that encourages people “to purposely get infected with COVID-19 in order to build immunity” and doesn’t allow content that suggests vaccines “are designed to cause death.” However, compared to the document posted internally and viewed by The Verge, the wording on examples has changed, and one line is missing entirely. It specifically called out “Suggesting that wearing a mask will cause the wearer imminent, life-threatening physical harm.”

have all had their music removed from the platform in protest of Rogan’s podcast, where he has, among other things, suggested that healthy young people don’t need the COVID-19 vaccine. Popular podcaster Brené Brown also says she will take a break from adding new episodes to her Spotify-exclusive shows, although it’s unclear whether the controversy surrounding Rogan was the cause.

who is neil young

Rogan is a toxic person.I’ve never seen what people see in him.
https://m.dailykos.com/stories/2022/1/2 ... =emaildkre

I certainly wouldn't defend some of Rogan's comments, especially the Planet of the Apes thing. However, this article painted him an "anti-vaxxer" in the header, which he is not. Neither is Dr. Malone, who simply had a differing opinion from the official narrative surrounding Covid, which is peddling quite a lot of disinformation.

The sad reality is this issue has been so politicized that it has robbed too many people of their critical thinking skills. The CNN Ivermectin story was a prime example. People can dislike Rogan all they like, but it negate the fact that CNN flat out lied. We're on very dangerous ground here.

I’m surprised no one complained and pulled off Spotify for the racism . . .

I don’t like his racist tone so I signed this.
http://sign.moveon.org/petitions/joe-ro ... 8010fc7f2d