What's Happening?
Netflix has launched its first original video podcast featuring comedian Pete Davidson, titled 'The Pete Davidson Show'. This move marks Netflix's entry into the podcast space, having previously launched several third-party shows. The Screen Actors Guild - American Federation of Television and Radio Artists (SAG-AFTRA) has negotiated an agreement with Netflix to cover this new format. The union reached out to Netflix to determine whether the show would be classified as TV or a podcast, resulting in a suitable deal. The show will be exclusive to Netflix, not appearing on other platforms, including audio versions on the Apple podcast app. Directed by Sarah Brennan Kolb and produced by Marc Lieberman, the show is part of Netflix's strategy to expand
its content offerings.
Why It's Important?
The agreement between SAG-AFTRA and Netflix for 'The Pete Davidson Show' is significant as it sets a precedent for how video podcasts might be classified and compensated in the future. This development could influence other streaming platforms to explore similar formats, potentially leading to new content creation opportunities and revenue streams. For Netflix, this move diversifies its content portfolio, potentially attracting a broader audience and increasing subscriber engagement. For SAG-AFTRA, it represents a step in ensuring that performers in emerging media formats are adequately represented and compensated, which could impact future negotiations in the entertainment industry.
