What's Happening?
Netflix has launched its first original video podcast, 'The Pete Davidson Show,' with a new agreement secured by SAG-AFTRA. The union negotiated with Netflix to determine whether the show would be classified as a TV program or a podcast, as each category falls under different union agreements. The agreement, confirmed by SAG-AFTRA, ensures that the show is covered under a podcast agreement. This development marks Netflix's entry into the podcast space, following its previous launches of third-party shows. 'The Pete Davidson Show' is exclusive to Netflix and will not be available on other platforms, including audio versions.
Why It's Important?
The agreement between SAG-AFTRA and Netflix for 'The Pete Davidson Show' represents a significant step in defining the boundaries
between traditional television and emerging podcast formats. This distinction is crucial as it affects production costs, residuals, and set protocols. For Netflix, this move into original video podcasts expands its content offerings and positions the platform to capture a share of the growing podcast market. The exclusive nature of the show on Netflix highlights the platform's strategy to differentiate its content and attract subscribers by offering unique and diverse programming.
