As of 2015 his contract was worth $80 million PER YEAR and the estimates were that his audience is around 3.5 million highly engaged listeners. Yes, a fraction of what JRE gets in downloads, but hey...$80 million per year.
Source: https://www.nytimes.com/2015/12/16/business/media/howard-ste...
Now that might be just fine for Howard Stern, like it might be just fine for Joe Rogan, but I think it's fairly likely that this kind of deal does come down to trading cultural cache, and one's status as a household name for cold hard cash at the end of the day. In that sense, Rogan's move to spotify might be more like a popular touring act being put to pasture as a headliner in Vegas than it represents him taking on the mantle of mainstream media.
I suspect Rogan will see somewhat less of a drop-off than stern since the barrier to entry for Spotify is significantly less than satellite radio, but I suspect we will see that the medium has been a major component of his success: his show is pretty good when it's free and when it's everywhere. In other words, like Howard Stern was the best thing you could find when flipping channels on the way to work, Joe Rogan's content is often worth a click in a sea of mediocre content. Whether people will actively seek it out remains to be seen.
I have premium, so one gotcha maybe whether you can download podcasts for free? I would be annoyed if I had to sit through both Spotify's ads and the product placement in podcasts. (does Spotify insert inline ads into podcasts as well?)
It’s assumed that the second phase is to allow podcasters to embed ads to allow them to monetize their podcasts, but it will be opt in.
Also, most podcast ads are for direct response ads where the effectiveness of the ad campaigns can be tracked somewhat via coupon codes and that either are for large purchases (Casper, Warby Parker) or for subscriptions where the lifetime value of the customer and churn rate can be estimated.
You don’t hear that many brand advertisements on podcasts. That’s the market Spotify wants to go after.
Besides, an advertiser doesn’t need fine grained targeting to know that for instance anyone listening to “The Talk Show” or “Accidental Tech Podcast” is a probably a computer geek with lots of disposable income.
Yeah and stephen marbury went to china and made millions, but he became irrelevant. We all know why stern went with sirius, for the money. But he became culturally irrelevant in the process. But the writing was on the wall. He was getting old and "shock jock" is a young man's game. So he was going to get irrelevant no matter what.
Stern was at his height in 2001-2004 I think was peaking at 25m listeners in the mornings on terrestrial radio. Which was fucking massive. Dropped off huge on day 1 at Sirius and I don't think ever recovered most of his audience.
Interesting that audience size != what's a good deal for the broadcaster. Like music however I suspect the REAL value is in the 'back catalog'.
Really?
As a semi frequent JRE listener, if I missed an interesting guest I'll still go back and listen, but I'm not particularly motivated to go and listen to an interview from 1 year ago, or any historical one for that matter.
It needs to be current for me, I'm not convinced it has the replayability of music, or a tv show like friends say.
He has almost 1500 episodes covering thousands of hours. Many people listen to the back catalog while waiting for the latest episodes or more content from the interesting guests and topics.
I think the JRE brand will be diminished but only time will tell.
Yep, I'm still pissed about removing long press to preview
As long as I can get Rogan on my podcast app, nothing really changes for me.
My point was that you could enjoy JRE the way you wanted to. Now you’ll have to enjoy it the way Spotify tells you to. As far as I know his episodes will be pulled off other platforms in September.
In my case, I'll probably stop listening because my specific podcast app (podkicker) doesn't look like it can pull from spotify (maybe none can).
Yes, as in "it's possible", the same as it's possible for an unknown author to be a best selling author (like JK Rowling). No as in it's an outlier or the exception. How many cases like this do we have? , esp. considering the consolidation of mass media in a few companies?
With moves like this one, and also the acquisition of Gimlet for 200+ million, I think we're starting to see the shift of these kinds of outlets from the periphery to the center of media.
At the same time, it's super interesting that Rogan negotiated a deal which appears to be in the hundreds of millions of dollars for Spotify to licence his content for 3 years, after which point he could put it all back on YouTube if he wanted. The fact that he had that kind of leverage as an independent creator who started by recording his friends clowning around at his house and now has presidential candidates knocking at his door begging for an interview shows the power of independent media