“We can confirm that we’re seeing strong interest and always welcome new members to our platform,” said Tidal spokeswoman Sade Ayodele in an email. Qobuz’s installs increased 64% and Tidal’s was up nearly 23% based on of an average of global app installs from Jan. Nonetheless, rivals to Spotify such as Qobuz and Tidal received a boost in app installs, according to Boston-based app data firm Apptopia. So far, the response to Neil Young’s call to pull music from Spotify has been largely muted among recording artists. “The consumers’ level of passion for the topic, or the individual piece of content is not more significant than their broader appetite for the platform overall,” Morris said.Ĭompany Town Why more musicians haven’t joined Neil Young’s Spotify boycott over Joe Rogan Worldwide installs on Apple’s App Store and the Google Play store for Spotify remained unchanged before and after Young’s actions, according to San Francisco-based Sensor Tower, which tracks app installs. Michael Morris, a senior managing director at investment and advisory firm Guggenheim Partners, said he does not believe that there will be any significant effect on Spotify’s finances due to the handful of artists who have exited Spotify. Spotify’s shares on Tuesday closed at $203.62, up 4%. Analysts project company revenues of $2.97 billion, up 14%, and a net loss of $93 million in the quarter. The number who pay to listen to music on Spotify ad-free is expected to grow to 180 million in the fourth quarter, up 16% from a year ago, according to an average of analyst estimates by FactSet.
In a blog post on Sunday, Ek wrote “it is important to me that we don’t take on the position of being content censor while also making sure that there are rules in place and consequences for those who violate them.” Spotify did not respond to a request for comment. The company is expected to hold a town hall on Wednesday morning with staff on the same day it will report its fourth quarter earnings results, employees said. “People were upset about it when, and Joe Rogan has done very little to allay the concerns since that happened.” “I personally have been involved in conversations with co-workers about being uncomfortable or ashamed to be under the same umbrella,” the employee said. Key people associated with Spotify exclusive podcast ‘Science Vs’ have refused to do more podcasts until Spotify changes the way it handles misinformation.Ī second employee said internal employee concerns have been burbling since Rogan became exclusive to Spotify in 2020. “So what happens when there’s a controversy next year, and the year after that, and the year after that? Because there have been all these warning signs along the way.”Ĭompany Town Science podcasters call Spotify’s support of Joe Rogan a ‘slap in the face’ “There’s a fool-me-once, fool-me-twice aspect of this,” the employee said. Some staff are making “emotional appeals about how seeing these stories in the press every day is affecting their ability to work here, their desire to work here, their recruitment efforts to attract other people to work here,” the employee said.Ī similar internal uproar ensued in 2020 over Rogan’s commentary about transgender people. Some workers have been sharing news stories about the company’s handling of the situation, while others have shared tweets or comments supportive of Spotify, which is based in Stockholm but has a large presence in the Arts District in downtown Los Angeles. “There’s been even some folks directly tagging Daniel Ek in comments, saying, ‘Daniel, I hope you’re reading all these comments,’” said one of the employees. Since the latest controversy with Rogan erupted, some Spotify employees have been venting frustrations in the company’s communal Slack channels, sharing their opinions, experiences and doubts about the company’s direction, according to two Spotify employees who declined to be named because they were describing internal staff conversations.
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