Posted on 01/30/2022 9:56:56 AM PST by nickcarraway
SHARE TWEET Play Neil Young on Amazon Music Unlimited (ad) The market value of Spotify has dropped by over $2 billion since Neil Young called out the streaming platform for "spreading fake information about vaccines," various outlets reported.
Last week, Young demanded the removal of his catalog from the streaming platform in protest of the company's multi-million dollar deal with broadcaster Joe Rogan, who’s been identified as a source of inaccurate information surrounding the COVID-19 vaccine through his Joe Rogan Experience show.
Joni Mitchell later called for her own catalog to be deleted in an act of support for Young’s position, linking to a letter from a group of health experts who criticized Spotify and called on the platform to implement a misinformation policy. "By allowing the propagation of false and societally harmful assertions," the letter reads, "Spotify is enabling its hosted media to damage public trust in scientific research and sow doubt in the credibility of data-driven guidance offered by medical professionals."
In a new development, Nils Lofgren of the E Street Band and Young’s Crazy Horse backing group also moved to have his catalog removed. In a post on Young’s website, he voiced his support for the health experts.
“When these heroic women and men, who’ve spent their lives healing and saving ours, cry out for help you don’t turn your back on them for money and power. You listen and stand with them," he wrote. "[W]e’ve now gotten the last 27 years of my music taken off Spotify. We are reaching out to the labels that own my earlier music to have it removed as well. We sincerely hope they honor our wishes, as Neil’s labels have done.” He added: “We encourage all musicians, artists and music lovers everywhere to stand with us all, and cut ties with Spotify.”
The platform’s share price reportedly dropped by 6 percent between Jan. 26 and Jan. 28, even though relevant stock indexes showed a modest rise over the same period. On Jan. 27 Spotify stock hit a 19-month low.
“For Spotify investors, the concern is that the artist exodus could snowball in the coming days and drive a material number of customer cancellations,” Variety wrote. “Hashtags #CancelSpotify, #DeleteSpotify and #ByeSpotify were trending on social media in the wake of Young’s ultimatum and Spotify’s decision to remove his music.” Forbes advised investors to consider buying stock in Spotify rivals, noting the corporation’s “volatile” trading characteristics in recent months.
Funny you should link to that performance. Here is George Harrison making fun of Neil's guitar playing from that very song as well as of his playing and singing in general. Let's just say that George was not a fan of Neil.
Of course, conveniently not mentioned is that every stock got hammered last week because Brandon wants to start a war in Ukraine. But I’mmsure it’s all because of Neil Young.
This falls right into my who gives a sh*t basket.
Neil Young was flyover, even in the days of Napster.
Oops. George did not know he was being filmed. He never would have put down another musician in public.
I don’t think.
Stocks fluctuate - duh. lmao
I think getting rid of Joe Rogan would cost Spotify a lot more than if every 60s has-been rocker pulled its catalog from Spotify.
Rogan is popular NOW, and provides fresh content weekly, bringing back users on a continuing basis.
Bernie Sanders supporter. Nuff said.
I’m sure there are a lot of people I disagree with on spotify. But if I was a musician I wouldn’t say I’m not gonna put my music on there if there’s somebody I disagree with.
Another BS lying article. The loses started at the beginning of the year, not since Neil Young started his temper tantrum...
https://www.digitalmusicnews.com/2022/01/25/spotify-stock-decline-2022/
So far, none of the fascists pimping censorship is anyone whose music I ever purchased or would now consider. I love that, in their efforts to pimp censorship of another, they engage in self-censorship by leaving such a forum. Libs have never distinguished themselves in high, or even room temperature, IQ circles.
I think this all has more to do with the artists not being happy with what they are paid from Spotify.
I listened to an interview of some 80s band leader a few years ago. The interviewer asked why singers in general tend to get political after making it big.
The pop star said that he thought it had to do with being behind the microphone and having all of those people in the audience. He said that after a few shows singers wonder whether they have anything to really say besides replaying the same old songs. They begin to view the microphone as a means to influence people.
I always iiked that explanation. Makes sense. Take the transient lifestyle and typical lack of education of the average musician and it explains why they gravitate towards leftism.
I couldn’t care less about Rogan but as I see it the lefties simply cannot allow prominent voices that they do not control, even ones they agree with most of the time. As soon as they recognized that Rogan was a major force in media that they didn’t totally control he had to be destroyed. They tried making him bend the knee (ivermectin use) and he refused. That cannot be allowed. So now lefty bootlicking puppets like Neil Young are duly announcing their devotion to “the man” by doing his work in trying to cancel Rogan.
Like the Dixie Chicks?
Does ANYONE believe this crap that Neal Young a has been rocker would cause a two Billion anything?
This is more media propaganda and completely the whole stock market tanking of late
S
Yes. I’m just referring to the preachy ones, like all the West Coast hippie bands, and other, similar bands, that preached the same counter culture isms, in the rest of the country.
Me too. A login for me and one for the wife.
Canceling XM as they now have a Neil Young channel.
Get woke, go broke.
How does that apply to this situation?
I think this all has more to do with the artists not being happy with what they are paid from Spotify.
Yep.
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