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The Town with Matthew Belloni

Netflix Adds Podcasts and Makes a Deal With AMC Theatres. Why?

The Town with Matthew Belloni

The Ringer

Society & Culture

4.31.1K Ratings

🗓️ 20 October 2025

⏱️ 33 minutes

🧾️ Download transcript

Summary

Matt is joined by Bloomberg’s Lucas Shaw to discuss Netflix diving into the podcast business by striking a deal to stream a group of original podcasts from Spotify and The Ringer. They break down what this signals for the future of Netflix, the likelihood that people will watch podcasts on Netflix, and what’s in it for Spotify. Later, they touch on AMC and Netflix agreeing to rerelease ‘KPop Demon Hunters’ in theaters from October 31 through November 2, then dive into whether this marks the beginning of a new era for Netflix and theatrical releases (03:01). Matt finishes the show with a prediction about Formula One rights moving to Apple TV (27:34). For a 20 percent discount on Matt’s Hollywood insider newsletter, ‘What I’m Hearing ...,’ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠. Email us your thoughts! ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠thetown@spotify.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Host: Matt Belloni Guest: Lucas Shaw Producers: Craig Horlbeck and Jessie Lopez Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

If you care about Hollywood, and I assume you do if you're listening to the town, you should really be getting the whole story about Hollywood. That's what you get with Puck. I'm a founding partner at Puck, and I write a newsletter called What I'm Hearing. It's got exclusive news for insiders and analysis of the biggest stories. Puck has a bunch of great journalists. We just hired Kim Masters, who also covers Hollywood from the inside, plus media, sports, fashion,

0:21.7

politics, and finance. It's a must have for plugged-in people. Fans of the town get a

0:26.6

discount on the description page of this episode or at puck.new slash the town. Go further into

0:32.1

Hollywood by becoming a puck member today. It is Monday, October 20th.

0:39.0

Throughout its relatively brief history as a streaming service, Netflix has evolved its content, pretty significant.

0:45.4

First, it was just movies and shows from others.

0:47.8

Then they started making original shows, then movies, then unscripted series, game shows, comedy special, live stuff.

0:53.4

They weren't interested in sports and then slowly, but surely they were interested in some sports.

0:58.6

Forever it was the, we're better than YouTube. We don't want that non-premium stuff.

1:03.0

Then all of a sudden, Cocoa Mellon and Miss Rachel came to Netflix from YouTube.

1:07.6

And now Netflix is evolving again via two new deals.

1:12.7

First, it's going into the podcast business, or at least some of the video podcast from Spotify. And more specifically, a bunch of

1:17.6

shows produced by The Ringer, which yes, makes this very show. No, the town is not included in

1:23.0

this deal. I'm very upset with Craig about that. But big shows like the Bill Simmons podcast,

1:27.5

the rewatchables, big picture, a bunch more,

1:29.7

they'll all be available on video on Netflix.

1:32.7

And importantly, the full episodes are coming off of YouTube.

1:36.9

So why is this happening?

1:38.2

For Spotify, they get money and they get a premium distributor for the shows.

1:42.1

And Netflix gets a regular stream of cheap and

1:45.0

often topical content, the kind of programming that subscribers might turn on and leave on for

1:50.0

hours and hours during the day or at work. And perhaps most important, it allows both these

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