The Joe Budden Podcast with Rory and Mal will be getting a new home next month.
Joe Budden announced on Wednesday (Aug. 26) that he won’t be renewing his contract with Spotify when it expires on September 23rd. Budden has been telling listeners about his unhappiness with the current arrangement, before he announced his plans to take the show elsewhere
“September 23rd, I cannot tell you where this podcast will be,” Budden said. “But as it stands, I can tell you where it will not be, and that is Spotify. Spotify never cared about this podcast individually. Spotify only cared about our contribution to the platform.”
Budden added that his talk show has been “undermined and undervalued,” pointing to a recent deal with Bill Simmons’ The Ringer for $250 million which, he said, was “actively pitting [these signings] against us.” (Spotify has disclosed that it will pay up to about $196 million for The Ringer.)
He also accused Spotify of pillaging his audience. “You pillage the audience from the podcast, and you’ve continued to pillage each step of the way without any regard” for the listeners. Describing their offer as a “bum-ass deal” that he couldn’t sign in good conscience.
Budden added: “I don’t wanna come off as angry, upset or bitter because the reality of it is we both hit our goals.”
In a statement to Variety on Thursday (Aug. 27) a Spotify rep said the company attempted to renegotiate with Budden but failed.
“It was our desire to keep Joe Budden on Spotify,” the rep said. “As Joe referenced on his show, we made him a considerable offer — one that was significantly larger and many times the value of the existing agreement and reflective of the current market and size of his audience. Unfortunately, we could not come to terms and we respect his wishes to find a new home for his show.”
Budden’s response? “Fuck y’all & that deal.”
Joe Budden launched his podcast in 2015 and signed an exclusive deal to bring the podcast to Spotify in August 2018. The Joe Budden Podcast is co-hosted with Jamil “Mal” Clay and Rory Farrell.
The podcast, which was ranked no. 1 at some point on Spotify currently sits at no. 15.