Ticker: Joe Rogan inks $250M Spotify deal
Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also be available on competing platforms, including YouTube and Apple Podcasts.
Spotify announced the renewed partnership in a post on the company’s corporate blog Friday. Under a prior multimillion-dollar deal, “The Joe Rogan Experience,” had been a Spotify exclusive since 2020.
The Wall Street Journal first reported the new deal on Friday. The newspaper estimated the deal was worth as much as $250 million over its multiyear term. It says the pact involves an upfront minimum guarantee, in addition to a revenue sharing agreement based on ad sales.
Over the years, Rogan has developed a huge audience who listen to his long, wide-ranging interviews with a variety of guests, including comedians, athletes, scientists and conspiracy theorists.
Exxon overcomes hefty charge and falling crude prices in fourth quarter to top profit expectations
Exxon Mobil’s fourth-quarter revenue and profits declined as the oil giant was weighed down by a hefty impairment charge tied to regulatory issues in California. Still, it posted a healthy adjusted profit.
Shares rose 2% before the market open on Friday. And smaller rival Chevron also posted quarterly earnings that beat results. Both companies also raised their dividends. Oil markets are being stretched by cutbacks in oil production from Saudi Arabia and Russia, and the war between Israel and Hamas still potentially runs the risk of igniting a broader conflict in the Middle East.