Spotify Paid $200 Million For Joe Rogan’s Podcast

Producer of Spotify’s most streamed podcast Joe Roganhas been on the agenda with its anti-vaccine and racist content in its program since the past few days. So much so that Spotify removed dozens of Joe Rogan’s podcast episodes from Spotify after the discussions. Today, the ‘plenty zero’ relationship between Spotify and Joe Rogan has emerged.

According to the news of The New York Times, Spotify paid the content producer a large amount of money for Joe Rogan’s controversial ‘The Joe Rogan Experience’ podcast program. According to the resulting deal, the company will give Rogan a chance to stream his podcast exclusively on Spotify for at least 3.5 years. paid at least $200 million.

The value of the deal was previously known as $100 million.

The resulting deal showed that the deal value previously revealed by The Wall Street Journal was actually more than doubled. Wall Street appreciates this deal It was shown as $100 million. and this number was accepted all over the world, since no official statement has been made so far.

The payout to Joe Rogan was, in another respect, more astronomical. Spotify for the work of creators who became members of ‘marginalized groups’ last week to spend $100 million He had promised. With the revelation that the money paid only to Joe Rogan was $200 million, Spotify was again the target of criticism for this promise.

Spotify shares lost nearly 50% in 3 months:

While all these discussions continued, Spotify’s share value also saw its lowest levels in the last 6 months. exceeding $230 per share in August 2021, increasing that number in November 2021. up to $300 The share value of the company that succeeded in raising it has been since the beginning of February when the allegations surfaced. It dropped to $159.