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'The Joe Rogan Experience,' a podcast that has sparked outrage, is a huge hit for Spotify

October 29, 2020. Summarized by summa-bot.

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Spotify is reaping the financial rewards of betting on podcasts. But the audio streaming platform is also paying the price for the spread of misinformation.

The company on Thursday said "The Joe Rogan Experience" is now the No. 1 show in its English-speaking markets and it "outperformed our audience expectations," after the podcast was added to Spotify on September 1.

Spotify also said "The Michelle Obama Podcast" was the No. 1 show on its platform globally in July and August.

Thursday's earnings report comes amid a week of backlash against Spotify after Joe Rogan hosted right-wing conspiracy theorist Alex Jones on his podcast Tuesday.

Rogan, who has long been one the most popular podcasts in the US, signed a multi-year exclusive licensing deal with Spotify in May, which The Wall Street Journal reported could be worth more than $100 million.

When Spotify added "The Joe Rogan Experience" to the platform, the episodes that featured Jones and Proud Boys founder Gavin McInnes were absent.

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