Spotify, which recently hired advisers to explore a direct listing on the New York Stock Exchange, reported an operating loss of 349 million euros ($389 million) in 2016, up 47 percent compared with the previous year. Irresponsible people are spreading lies that are costing people their lives,” Mitchell said.STOCKHOLM/LONDON, June 15 (Reuters) - Music streaming company Spotify's operating loss widened in 2016 but revenue rose significantly, the Swedish company said in its annual financial statement ahead of a possible stock market listing before the end of next year. “I’ve decided to remove all my music from Spotify. No Joe Rogan for me thank you! And on Friday, Joni Mitchell said in a statement on her website that she will also pull her music from Spotify in protest and “stand in solidarity” with Neil Young. I’ve always been an Apple guy for streaming. Peter Frampton showed his support of Young’s decision Thursday, tweeting, “Good for you Neil. In 2019, he told Rolling Stone that he had removed most of his music from Spotify several years earlier because he felt the sound quality wasn’t good, but he later relented. The show has promoted the use of ivermectin to treat COVID and discouraged vaccination in young people.Īnd it’s also not the first time Young has stripped the streamer of his music. The podcast moved off of Apple in September 2020 in a deal estimated to be worth $100 million, then it became a Spotify exclusive later that year.Įarlier this month, a group of more than 260 health and science professionals called on Spotify to take action against “mass-information events” on its app, singling out Rogan for repeatedly spreading misleading and false claims on his show.
This is not the first time critics have gone after “The Joe Rogan Experience” for its controversial slants of news and politics, especially with the pandemic. While much of the market has been down in the last week, Spotify’s losses were more significant following criticism over Rogan’s show and Young’s move. Spotify shares dropped around 6% after Wednesday.
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