Spotify’s quarter profits were revealed earlier on Wednesday, amid a very tumultuous period for the firm. Its famous podcaster, Joe Rogan, sparked the removal of several bands’ tracklistings from the site due to his show’s distribution of false material; Spotify-employed podcasters cried out, and even the White House reacted.
In response to inquiries about the outrage over Rogan’s appearance on the site, CEO Daniel Ek defended the corporation’s choice to organize, broadcast, and monetise the event. Rather, he attempted to recast the debate as one about free expression, with the motive of achieving Spotify a system that can assist all audio producers make a livelihood, irrespective of their viewpoints.
“We’re attempting to strike a balance between artistry and user safety, which is obviously, a very difficult subject,” he explained. He also said it was too premature to assess if Rogan-spurred disruption would be a significant issue.
He went on to say that he feels “very happy” about the industry’s vow to include a COVID-19 statement on each podcast series that mentions the infection, as well as their public launch of its quality control policy.
“I feel they’re suitable for our brand,” he adds, noting that while Rogan is the leading podcaster in 90 of the firm’s territories, the company offers “something for everyone,” along with all marketers, who’ve become a greater part of the economy at large.
Active users per month increased by 18% year over year to 406 million, including 180 million paid customers. Previous quarter, advertising accounted for 15% of Spotify’s income, prompting Ek to suggest that the company test with resource windowing instead of entire new releases in reach wider market.
According to him, Spotify aspires to acquire 50 million producers who will profit from the platform. It will also keep investing in tools, resources, and services to meet their needs.
He stated, “We aim to be the finest venue for audio makers.” “We’ve merely begun to scrape the top of audio’s great potential.”