Joe Budden reveals $ 1 million+ monthly podcast income to insist on creator equity

Joe Budden opens the monthly income of $ 1 million from his podcast network of advertisements and listeners to encourage makers to remain independent, unless equity is on the table.

Last month the rapper-podcaster was bent on social media and placed a Patreon traffic screenshot that shows how the subscription platform, where fans pay directly, can often earn large brand agreements. Although Budden faded the figures on his Patreon screenshot, Internet -Speurneuzen brought it together and estimate the monthly Trek more than $ 900,000.

After revealing his network, 30 million visits per month, Budden confirmed later The New York Times That the Joe Budden network yields around $ 1.04 million on Patreon every month. With around 70,000 subscribers who pay between $ 5 and $ 50 every month, and more if you take paid advertisements into account, says CEO Ian Schwartzman that the network is on schedule this year to erase more than $ 20 million.

“Joe is in his own competition,” said Jack Conte, Chief Executive of Patreon. “It is not common for people to earn a million dollars a month on Patreon.”

Since 2016, Joe Budden has been on the Podcast Grind. He worked with Spotify, rejected deals who wanted to cut some of his property and gave full control over what he built. Now, with the Joe Budden Podcast who receives a fixed $ 1 million a month from subscribers, he hopes that his journey inspires other makers to bet in themselves.

Although revealing the income figures “can be uncomfortable to see every money situation for the public and competitors to see,” said Schwartzman. The goal is to promote equality in the podcast game, because “how else will they know they can do it this way?” Schwartzman added.

Even with Budden more than $ 1 million to pay his podcast team of 30 people, his decision to share the income of the show online has his crew to call their own slab.

“Now everyone has asked for a wage increase,” Budden joked.

It is proof of how far the grinding of Budden has brought him, of his Complex Dawn on Everyday StruggleWhere he joked about ‘Op Allowance’ and only drew $ 500 a week. Even while working with Complex And later a two -year exclusive deal with Spotify signed, Budden continued to build his podcast independently, thereby rejecting the partnership offers that owned, YouTube Takedowns and control over the platform that he built from the ground demanded.

“The bigger the money becomes, the more strings are attached,” said Schwartzman. “We wanted someone to acknowledge how valuable we were by showing that they would be comfortable to give our skin to the game.”

Budden then closes its podcast headquarters for good and falls around $ 2 million to buy the Edgewater, New Jersey, apartment on the water, true Joe Budden’s podcast is filmed and recorded. He currently rents space, but after continuous complaints from neighbors about his crew, he locks up the space.

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