![]() ![]() It just makes the margins really, really tough. It pays about 70% of its revenue out to rightsholders, so labels, publishers, artists, songwriters. But recently, the company started to look beyond music.Īnne Steele: Music is a tough business to be in for Spotify. Back then the music industry was struggling and Spotify pioneered a new business model, music streaming. Coming up on the show, Neil Young, Joe Rogan, and Spotify's balancing act over controversial content. Kate Linebaugh: Welcome to The Journal, our show about money, business and power. And as we see with other media companies, they end up being held responsible for the content that they're not only distributing but helping create and promote. And this situation has sparked a debate over Spotify's responsibility to moderate misinformation on its platform.Īnne Steele: As Spotify has expanded into podcasting, they've become less of this pure play tech company and become more like a media company. Days later, Neil Young's catalog, with songs like Heart of Gold and Harvest Moon, had been taken down. Kate Linebaugh: But Spotify chose Joe Rogan. Kate Linebaugh: He threw down the gauntlet. Spotify is the parent company of Gimlet, which co-produces our show.Īnne Steele: And so Neil Young says Spotify can have Joe Rogan or they can have Neil Young. ![]() and his show is exclusively available on Spotify. Rogan hosts one of the most popular podcasts in the U.S. The person Young was accusing of spreading misinformation is a podcaster, Joe Rogan. Kate Linebaugh: That's our colleague Anne Steele reading from Neil Young's letter. Kate Linebaugh: Earlier this week, folk rock star Neil Young wrote a letter to Spotify asking the company to remove his music from its streaming service.Īnne Steele: He says, "I am doing this because Spotify is spreading fake information about vaccines, potentially causing death to those who believe the disinformation being spread by them." This version may not be in its final form and may be updated. This transcript was prepared by a transcription service. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |