Spotify Shares Climb Nearly 10% on Joe Rogan Podcast Deal
May 19 2020 - 4:21PM
Dow Jones News
By Allison Prang
Shares of Spotify Technology S.A. spiked more than 9% Tuesday
afternoon, with Spotify saying it reached an exclusive deal to
stream martial arts commentator and comedian Joe Rogan's
podcast.
Mr. Rogan's podcast -- called "The Joe Rogan Experience" -- is
the streaming platform's most-searched-for podcast, Spotify said
Tuesday. The podcast will be available on Spotify September 1 and
Spotify will exclusively stream the podcast later in 2020, the
company said.
Shares of the company increased 9.6% to $176.90 a share. They've
added a little more than 18% year to date and over 33% in the last
year.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 19, 2020 16:06 ET (20:06 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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