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Earn Your Leisure

Is the Podcast Game Falling Apart? Ownership, Equity & Surviving Predatory Deals

Earn Your Leisure

iHeartPodcasts

Education, Entrepreneurship, News, Business News, Investing, Careers, Business

4.8 β€’ 7.8K Ratings

πŸ—“οΈ 20 October 2025

⏱️ 23 minutes

🧾️ Download transcript

Summary

In this thought-provoking clip from "Black Out with Ian & Rashad," hosts Ian Dunlap and Troy Millings dive deep into the evolving landscape of the podcast industry and raise an urgent question: Is the podcast game falling apart? The conversation kicks off with the headline news that Underdog Fantasy now owns 50% of Gilbert Arenas’ podcast, potentially leading to downsizing and fewer episodes if the show doesn’t meet expectations. Ian and Troy reflect on recent drama in the podcast scene, including disputes between prominent figures and the real struggles behind the scenes that many content creators are facing. Troy emphasizes that outward success, like massive viewership or social media highlights, can be misleading—reminding listeners that real sustainability comes from ownership, equity, and smart dealmaking. He warns against signing predatory streaming and podcast deals, highlighting how lucrative partnerships can sometimes strip creators of control and value in the long term. Ian offers essential advice for aspiring content creators: Don’t rely solely on ad dollars. Instead, focus on building diversified revenue streams—like premium content on Patreon, offering products and services, and leveraging your free content to grow a loyal audience. The hosts give shoutouts to successful creators who’ve thrived by combining free gateway content with exclusive offerings, using their own platforms (Market Mondays, Red Panda, EYL University) as examples. They also discuss the reality that most top podcasts are hosted by celebrities leveraging their existing fame, which gives them a head start that newcomers don’t have. But they stress the importance of finding your own unique niche, building valuable skillsets, and not copying everyone else’s model. Key takeaways from this clip include:

  • Why ownership and non-dilutable shares matter more than high view counts
  • The dangers of predatory podcast and streaming deals
  • How to use your platform to build sustainable, diversified income beyond ads
  • The advantages and challenges of coming into podcasting as an industry outsider
  • The value of a niche, high-quality audience versus a broad but unengaged one

Whether you’re a current or aspiring podcaster, or just interested in the business side of content creation, this clip is packed with game you can use right now. πŸ‘ Don’t forget to like, comment, and subscribe for more honest conversations on business, culture, and entrepreneurship. #PodcastBusiness #ContentOwnership #GilbertArenas #PodcastIndustry #BlackOutPodcast #IanDunlap #TroyMillings #ContentCreation #Entrepreneurship #AdDollars #MediaGame #Equity #StayIndependent --- *Watch the full conversation for more insights and strategies for navigating the world of podcasts and media deals!*

See omnystudio.com/listener for privacy information.

Transcript

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0:00.0

I'm Jonathan Goldstein, and on the new season of heavyweight...

0:03.5

And so I pointed the gun at him and said this isn't a joke.

0:08.1

A man who robbed a bank when he was 14 years old.

0:11.5

And a centenarian rediscovers a love lost 80 years ago.

0:16.0

How can a 101-year-old woman fall in love again? Listen to heavyweight on the IHeart

0:25.1

radio app, Apple Podcasts, or wherever you get your podcasts. When news broke earlier this year that

0:31.9

baby KJ, a newborn in Philadelphia, had successfully received the world's first personalized gene

0:37.0

editing treatment.

0:38.0

It represented a milestone for both researchers and patients.

0:41.4

But there's a gripping tale of discovery behind this accomplishment and its creators.

0:45.4

I'm Evan Ratliff, and together with biographer Walter Isaacson, we're delving into the story of

0:49.2

Nobel Prize winner Jennifer Dowdna, the woman who's helped change the trajectory of humanity.

0:54.9

Listen to Aunt CRISPR, the story of Jennifer Dowdna with Walter Isaacson on the IHeart Radio app, Apple Podcasts, or wherever

0:59.8

you get your podcasts. Michael Lewis here. My bestselling book, The Big Short, tells the story of the

1:06.9

buildup and burst of the U.S. housing market back in 2008.

1:11.8

A decade ago, the Big Short was made into an Academy Award-winning movie.

1:15.8

And now I'm bringing it to you for the first time as an audiobook narrated by yours truly.

1:21.2

The Big Short's story, what it means to bet against the market, and who really pays for an unchecked financial system, is as relevant

1:28.3

today as it's ever been. Get the big short now at Hushkin.fm slash audio books, or wherever

1:34.8

audiobooks are sold.

1:38.9

From NBA champion Stefan Curry comes shot ready, a powerful never-before-seen look at the mindset that changed

1:45.8

the game. I fell in love with the grind. You have to find joy in the work you do when no one else is

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