It was a big day for Spotify investors when the Joe Rogan Experience moved to the music streaming platform. After months of speculation, it was confirmed in May 2020 that the popular podcast would be exclusively available on Spotify. This news sent shares skyrocketing, as investors anticipated a huge influx of subscribers to the platform.
The Joe Rogan Experience is one of the most popular podcasts in the world, with millions of listeners tuning in each month. It features a mix of interviews with celebrities and experts from various fields, as well as discussions about politics, culture, and more. The podcast has been hosted by comedian Joe Rogan since 2009 and has become an internet sensation over the past decade.
The move to Spotify was seen as a major coup for the streaming service, as it had been attempting to attract more podcast listeners to its platform. By adding one of the most popular shows in its genre, it was expected that Spotify would be able to increase its user base significantly.
When the news broke that The Joe Rogan Experience would be exclusive to Spotify, shares rose by around 7%. This marked a major increase for Spotify stock which had been relatively stagnant over recent weeks. Since then, there have been further jumps in share price due to speculation about how successful this move will be for Spotify in terms of user growth and revenue.
In addition to increasing its user base and generating more revenue from subscriptions, there is also hope that The Joe Rogan Experience will bring more attention to other podcasts on Spotify’s platform. As such, it is likely that this move will have positive long-term effects for the streaming service too.
Overall, it seems clear that investors are optimistic about what this move means for Spotify’s fortunes going forward. The company appears set to benefit from increased subscribers and revenue due to The Joe Rogan Experience being exclusive on its platform. It remains to be seen how much longer these positive effects will last but initial signs are good for now at least.
Conclusion: Overall, it’s clear that investors were thrilled when Joe Rogan’s podcast moved exclusively onto Spotify’s platform. In response to this news shares rose by around 7%, showing just how much potential investors see in this move for bolstering subscriber numbers and revenue generation going forward.