Spotify: a question of identity
Neil Young’s boycott was ‘a PR disaster’ for Spotify and wiped more than $2bn off its value
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
You are now subscribed
Your newsletter sign-up was successful
“Not for the first time in his maverick career, Neil Young has opened a can of worms,” said Dorian Lynskey in The Guardian. The Canadian musician’s boycott of Spotify – in protest at sharing a platform with the vaccine-sceptical US comedian Joe Rogan – has proved “a PR disaster” for the music-streamer, which acquired Rogan’s show for $100m in 2020. Enraged by what he views as the promotion of “life-threatening Covid misrepresentation”, Young, 76, issued an ultimatum: “They can have Young or Rogan, but not both.”
Spotify’s choice was a foregone conclusion. Rogan’s show is its “most popular podcast”, with an audience of 11 million per episode. And Spotify is “banking on podcasts to drive subscriptions”. Still, Young’s stand wiped more than $2bn off the Swedish streamer’s value as many joined the boycott. It drew widespread support – notably from his old friend Joni Mitchell, who also withdrew her catalogue.
Spotify’s boss Daniel Ek has responded “by sticking warning labels” on podcasts about Covid, “probably” preventing a further exodus, said Karen Kwok on Reuters Breakingviews. But the decision to prioritise polarising podcasts is risky given that music subscriptions accounted for more than 85% of Spotify’s $8.8bn revenue last year. Ek has strayed onto political territory; this looks like his “first Facebook moment”.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
“Just like the social media giants, Spotify has quietly turned itself into a publisher, but prefers to pretend it is simply a platform,” said Matthew Lynn in The Daily Telegraph. Yet this bust-up has wider ramifications for companies of all sorts. Most have been “sitting on the fence” on the vexed question of vaccines. Yet as offices reopen, the issue is being forced into the open. Pro- or anti-vax? “Neutrality is not going to work any longer.”
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
-
5 cinematic cartoons about Bezos betting big on 'Melania'Cartoons Artists take on a girlboss, a fetching newspaper, and more
-
The fall of the generals: China’s military purgeIn the Spotlight Xi Jinping’s extraordinary removal of senior general proves that no-one is safe from anti-corruption drive that has investigated millions
-
Why the Gorton and Denton by-election is a ‘Frankenstein’s monster’Talking Point Reform and the Greens have the Labour seat in their sights, but the constituency’s complex demographics make messaging tricky
-
TikTok: New owners, same risksFeature What are Larry Ellison’s plans for TikTok US?
-
Will SpaceX, OpenAI and Anthropic make 2026 the year of mega tech listings?In Depth SpaceX float may come as soon as this year, and would be the largest IPO in history
-
Leadership: A conspicuous silence from CEOsFeature CEOs were more vocal during Trump’s first term
-
Ryanair/SpaceX: could Musk really buy the airline?Talking Point Irish budget carrier has become embroiled in unlikely feud with the world’s wealthiest man
-
Powell: The Fed’s last hope?Feature Federal Reserve Chairman Jerome Powell fights back against President Trump's claims
-
Taxes: It’s California vs. the billionairesFeature Larry Page and Peter Thiel may take their wealth elsewhere
-
Buffett: The end of a golden era for Berkshire HathawayFeature After 60 years, the Oracle of Omaha retires
-
Is $140,000 the real poverty line?Feature Financial hardship is wearing Americans down, and the break-even point for many families keeps rising