Spotify renews deal with podcaster Joe Rogan, will put show on other platforms

Spotify renews deal with podcaster Joe Rogan, will put show on other platforms


Podcaster and comedian Joe Rogan.

Vivian Zink | SYFY | NBCUniversal

Spotify has signed a new blockbuster deal with polarizing podcaster and comedian Joe Rogan, but this time, his show won’t be exclusive to Spotify, the company announced Friday in a news release.

The multiyear deal with Rogan, the founder of “The Joe Rogan Experience,” is said to be worth about $250 million, according to The Wall Street Journal, which first reported on the deal. The show was the No. 1 podcast in the U.S. for the third quarter of last year, according to Edison Research.

Spotify also said it’s expanding the partnership to allow the show to be available on other platforms. Shares of the audio streaming giant rose roughly 1.5% Friday.

Spotify first brought “The Joe Rogan Experience” to its platform exclusively in 2020 in a deal that was reportedly worth more than $100 million.

The talk-show style podcast is known — and often criticized for — its edgy approach and guests. Last year, for example, Tesla CEO Elon Musk appeared on the show and said he bought social media site X to save it from the “woke mind virus.”

Rogan faced backlash in 2022 after a compilation of videos surfaced of him using the N-word. He was also chastised by medical professionals and others for spreading Covid-19 misinformation and conspiracy theories.

Spotify came under fire for hosting those videos, and dozens of Rogan’s episodes were removed from the platform. Musicians including Neil Young and Joni Mitchell also pulled their music libraries from Spotify in protest.

Don’t miss these stories from CNBC PRO:



Source

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says
Business

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

United Airline flight attendants picketed outside Terminal B at Logan Airport Thursday morning seeking a new contract. John Tlumacki | Boston Globe | Getty Images United Airlines reached an “industry-leading” tentative labor deal for its 28,000 flight attendants, their union said Friday. The deal includes “40% of total economic improvements” in the first year and […]

Read More
Personal finance app Monarch raises  million despite ‘nuclear winter’ for fintech startups
Business

Personal finance app Monarch raises $75 million despite ‘nuclear winter’ for fintech startups

Monarch co-founders (left to right) Ozzie Osman, Jon Sutherland, Val Agostino. Courtesy: Monarch The personal finance startup Monarch has raised $75 million to accelerate subscriber growth that took off last year when budgeting tool Mint was shut down, CNBC has learned. The fundraising is among the largest for an American consumer fintech startup this year […]

Read More
Insurers brace for impact as NOAA predicts above-average hurricane season
Business

Insurers brace for impact as NOAA predicts above-average hurricane season

John Cangialosi, Senior Hurricane Specialist at the National Hurricane Center, inspects a satellite image of Hurricane Beryl, the first hurricane of the 2024 season, at the National Hurricane Center on July 1, 2024 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images Government scientists on Thursday released a forecast for the 2025 […]

Read More