Screentime

Netflix Is Getting Serious About Video Podcasts

The streaming service is looking to develop exclusive shows and license existing hits
Bill Simmons, founder and chief executive officer of the Ringer, during the Bloomberg Screentime event in Los Angeles, California, US, on Thursday, Oct. 12, 2023. Simmons hosts a podcast that will soon be available on Netflix.Photographer: Kyle Grillot/Bloomberg

Good afternoon from Los Angeles. I am going to start by dropping a little news about one of my favorite bands.

The Red Hot Chili Peppers are finalizing an agreement to sell their recorded music catalog to Warner Music Group in a deal that values the masters at $300 million to $325 million.