“I stand in solidarity with Neil Young and the global scientific and medical communities on this issue. “Irresponsible people are spreading lies that are costing people their lives,” Mitchell wrote. And, there’s some good news, per Variety, in that the stock did “rebound slightly Friday, closing up 1% to $172.98.”īut that slight uptick took place before Mitchell posted a letter to her site Friday titled, “I stand with Neil Young.” 1 The ultimatum posed to the streaming service became a call to action for artists everywhere. 25, the day before Young’s catalog was pulled.” The report said that investors seem to be shaken by the idea that the platform’s audience growth may be slowing. On January 24, Neil Young penned a letter to his label and manager regarding the spread of misinformation regarding Covid-19 perpetuated by America’s number one podcast, The Joe Rogan Experience on Spotify. At least, according to the Variety report, because it said Spotify stock was already “on the slide - having plummeted 25% year-to-date as of Jan. Over the same time period, the tech-heavy Nasdaq composite index rose 1.7% and the Dow Jones Industrial Average was up 1.1%.”Ĭould this all be because Spotify rolled with Rogan, who has recently admitted to looking dumb in a COVID-19 discussion while also letting the world what it means to be Black, instead of Young? 28), according to Barron's.Per the report, Spotify shares “fell %6 from Jan. How Much Money Neil Young and Joni Mitchell Will Lose Leaving Spotify Billboard Streaming Here’s What It Costs Neil Young and Joni Mitchell to Leave Spotify The artists are each giving. It should be noted that the stock market as a whole has been down, with stocks "swinging from losses to gains" on Friday (Jan. The musician launched a campaign against Spotify earlier this week, calling out the company for its support of The Joe Rogan Experience podcast and the spread of 'disinformation.' Young, who's been vocal regarding his. All in all, it doesn't look good for Spotify stock, which has already dropped 45% in value in the past year. Neil Young fans are canceling their Spotify subscriptions in light of the company removing Young's music on the platform. From the numbers alone, Spotify clearly would have. 2 On the other hand, Neil Young regularly accumulated around six million monthly listeners, not even breaking into the most significant 500 artists on their service. “I stand in solidarity with Neil Young and the global scientific and medical communities on this issue.” The hashtags #DeleteSpotify and #CancelSpotify also began trending on Twitter.Īccording to Forbes, Spotify's investors are becoming worried about the service's standings among the controversy, especially if other artists follow in Young and Mitchell's footsteps. Not to mention Spotify and Rogan’s 100 million deal to have all of his episodes exclusively streamed on their platform. The folk musician removed her catalog off of the platform. “Irresponsible people are spreading lies that are costing people their lives,” Mitchell says via her website. Joni Mitchell is the latest to chime in on the controversy.
Disturbed's David Draiman praised spotify for "making the right call" and for "preserving free speech." On the other hand, Sebastian Bach slammed artists who side with Rogan over Young, saying, "Imagine calling yourself a rocker yet siding with some dude who has a podcast over Neil Young." There are musicians in support of both sides.