Spotify simply hasn't given in to blackmail. If Joe Rogan said he'd leave Spotify if they don't kick Neil Young out and then Neil Young was kicked out they would've chosen a podcast over Neil Young.
Spotify simply hasn't given in to blackmail. If Joe Rogan said he'd leave Spotify if they don't kick Neil Young out and then Neil Young was kicked out they would've chosen a podcast over Neil Young.
I think on both issues Spotify wins. Financially they probably do, and they get to show they don't bow to hysterical artists. That's a good thing in the long run.
Ultimately it's not a question of revenue but whether Spotify has to follow the footsteps of Meta/Facebook and YouTube to moderate content on their platform. This was largely a non-issue before they started their exclusive deals with the likes of Rogan - the onus was on music labels and publishers.
But now Spotify's position as a content platform has been thrust into the spotlight and will likely have to invest in content curation (e.g. algorithms, human raters). Furthermore if other artists follow in Young's footsteps, then this could get quite messy.