What you’re right about is that you’re only worth what you negotiate. So in that sense you’re right they don’t deserve it. I’ve negotiated for options packages that represent diff ownership stakes. And I’ve seen a company I’m in get bought and I’m sitting next to somebody who had zero or very very little ownership. Celebrations can get awkward quick. So yes you’re right, you’re only worth what you negotiate.
What you’re wrong about is acting like Rory and Mal are bumass idiots and not worthy of an ownership stake. Say what you want but Rory has prolly owned more w/ dussepalooza than you have, with anything. Joe sat up there and talked about how they have “4 expensive seats”, that’s literally him acknowledging how important the actual people in the room are to the success of the podcast. If Parks, Rory and Mal don’t have some type of stake in this (10-15% between em all) then that’s absolutely nuts. It’s a reflection of their bad business and also Joe being a big ass hypocrite.
The bolded is all it is really. Fam, the fact that Joe is out here turning down shyt without them knowing should let you know how Joe moves.
Keep in mind, even before the Spotify deal, there was a Tidal deal on the table and according to them, things got heated because they thought they should take the Tidal deal but Joe said no because to quote Joe “Hov wasn’t going to give him certain information.”
Spotify, according to Joe lied and said they would give him that information and we see how that turned out, which looks even worse after seeing Hov sell Tidal and all the people involved eating off that.
I’m not going to call Rory and Mal bums, but I think it’s easy to assume it’s not any real paperwork between them and Joe in regards to ownership.
Parks ain’t tripping because he still has his engineering job outside of Joe and Joe is not going to piss off Parks since they record at Park’s spot and I’m sure recording space ain’t exactly cheap.
