![]() ![]() The company paid more than $100 million back in 2020 to license Rogan’s content, which has since become the most-streamed podcast on Spotify. Spotify’s decision to side with Rogan speaks to where their business focus is directed as they pursue a shift to podcasting, which helped boost the platform’s subscriber base by 24% in 2020. “I hope this does send a chilling effect out through the marketplace so they stop viewing this art as just any other kind of commodity.” Decision points to where Spotify’s loyalties lie Howard says he hopes this will serve as a wakeup call for investment firms that have been aggressively pursuing artists’ catalogs in recent years, with musicians from Bruce Springsteen to Stevie Nicks selling the rights to their music. Young’s 1972 hit Heart of Gold had 236 million streams on Spotify before it was taken off the service this week, but the most popular track from his latest album, December’s Barn, has. Warner Music Group has an agreement with Spotify under which it licenses the rights to its. 26) in the rocker’s request that Spotify remove his songs from the service, which he says is. Now any streaming royalties that Young and Hipgnosis were collecting from the world’s most popular streaming service will be gone. Says Liebenson, Neil Young is signed to the Warner Records label, which is part of Warner Music Group. 01:32 Neil Young got some unexpected support from Fox News contributor Geraldo Rivera on Wednesday (Jan. ![]() 'We want all the world’s music and audio content to be available to Spotify users,' a message from a spokesperson. “They were betting on recovering their massive investment through the continuing growth of streaming,” Howard says. The Wall Street Journal reports that Spotify have responded to Neil. As for Hipgnosis Songs Fund, the Blackstone-owned firm that bought a 50% stake in Young’s songwriting catalog for an estimated $150 million last year, they’ll likely see their investment in the artist’s music depreciate as well.
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