Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

Neil Young May Have Cost Spotify $2 Billion
UltimateClassicRock ^ | 1/30 | Martin Kielty

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.


TOPICS: Business/Economy; Music/Entertainment
KEYWORDS: barrymanilow; censorship; communism; communist; communistic; davegrohl; joerogan; jonimitchell; music; neilyoung; spotify; therock
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 last
To: stanne
Here is the great and always underrated Roger McGuinn singing and playing better on this particular song than Neil Young and everyone else on stage with him.

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.

George Harrison on Neil Young.

61 posted on 01/30/2022 12:22:24 PM PST by KevinB (''...and to the Banana Republic for which it stands ...")
[ Post Reply | Private Reply | To 24 | View Replies]

To: nickcarraway

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.


62 posted on 01/30/2022 12:24:37 PM PST by usafa92 (Donald J. Trump, 45th President of the United States of America!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: nickcarraway

This falls right into my who gives a sh*t basket.


63 posted on 01/30/2022 12:28:24 PM PST by Dave911
[ Post Reply | Private Reply | To 1 | View Replies]

To: nickcarraway

Neil Young was flyover, even in the days of Napster.


64 posted on 01/30/2022 12:31:56 PM PST by Starstruck ( Living life, Binge watching re-runs of actual history.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: KevinB

Oops. George did not know he was being filmed. He never would have put down another musician in public.

I don’t think.


65 posted on 01/30/2022 12:33:17 PM PST by stanne
[ Post Reply | Private Reply | To 61 | View Replies]

To: E. Pluribus Unum

Stocks fluctuate - duh. lmao


66 posted on 01/30/2022 12:37:31 PM PST by Palio di Siena
[ Post Reply | Private Reply | To 35 | View Replies]

To: nickcarraway

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.


67 posted on 01/30/2022 12:41:35 PM PST by sitetest (Professional patient. No longer mostly dead. Again. It's getting to be a habit.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dfwgator

Bernie Sanders supporter. Nuff said.


68 posted on 01/30/2022 12:41:56 PM PST by KierkegaardMAN (I never engage in a battle of wits with an unarmed man.)
[ Post Reply | Private Reply | To 26 | View Replies]

To: dfwgator

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.


69 posted on 01/30/2022 12:46:21 PM PST by nickcarraway
[ Post Reply | Private Reply | To 26 | View Replies]

To: nickcarraway

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/


70 posted on 01/30/2022 12:47:47 PM PST by Trinity5
[ Post Reply | Private Reply | To 1 | View Replies]

To: Track9

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.


71 posted on 01/30/2022 12:51:50 PM PST by DPMD ( )
[ Post Reply | Private Reply | To 2 | View Replies]

To: nickcarraway

I think this all has more to do with the artists not being happy with what they are paid from Spotify.


72 posted on 01/30/2022 1:02:46 PM PST by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 69 | View Replies]

To: BenLurkin

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.


73 posted on 01/30/2022 1:10:02 PM PST by Textide (Lord, grant that I may always be right, for thou knowest I am hard to turn. ~ Scotch-Irish prayer)
[ Post Reply | Private Reply | To 4 | View Replies]

To: dfwgator

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.


74 posted on 01/30/2022 1:36:56 PM PST by pepsi_junkie (Often wrong, but never in doubt!)
[ Post Reply | Private Reply | To 26 | View Replies]

To: Williams
Why don’t we do this stuff with left wing companies. I mean boycott not censor anything.

Like the Dixie Chicks?

75 posted on 01/30/2022 1:37:23 PM PST by Lurking Libertarian (Non sub homine, sed sub Deo et lege)
[ Post Reply | Private Reply | To 25 | View Replies]

To: nickcarraway

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


76 posted on 01/30/2022 1:42:37 PM PST by tophat9000 (Tophat9000)
[ Post Reply | Private Reply | To 1 | View Replies]

To: GingisK

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.


77 posted on 01/31/2022 7:32:30 AM PST by PhineasSpear (PhineasSpear)
[ Post Reply | Private Reply | To 46 | View Replies]

To: Freedom56v2

Me too. A login for me and one for the wife.

Canceling XM as they now have a Neil Young channel.


78 posted on 01/31/2022 7:46:30 AM PST by Mr.Unique (My boss wants me to sign up for a 401K. No way I'm running that far! )
[ Post Reply | Private Reply | To 12 | View Replies]

To: simpson96
Get woke, go broke.

How does that apply to this situation?

79 posted on 01/31/2022 7:49:28 AM PST by Mr.Unique (My boss wants me to sign up for a 401K. No way I'm running that far! )
[ Post Reply | Private Reply | To 28 | View Replies]

To: dfwgator
I think this all has more to do with the artists not being happy with what they are paid from Spotify.

Yep.

80 posted on 01/31/2022 8:00:53 AM PST by Mr.Unique (My boss wants me to sign up for a 401K. No way I'm running that far! )
[ Post Reply | Private Reply | To 72 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-80 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson