Netflix is eating Hollywood — because it has to

Netflix is eating Hollywood — because it has to

Author: The Verge January 29, 2026 Duration: 55:48
Today, we’re talking about the bidding war over Warner Bros. Discovery, which is the biggest story in the entertainment industry right now, and for good reason. It has pretty much everything you could want in a buzzy Hollywood saga — big names, big money, and big drama. To help me make sense of it all, I wanted to talk with Julia Alexander, a Verge alum and now media correspondent at Puck News who’s one of the best in the business at analyzing corporate strategy, Hollywood, and what’s next in entertainment. Julia really helped me break down why Netflix is the clear front runner to acquire Warner Bros., why David Ellison of Paramount Skydance is so desperate to win, and, perhaps most importantly, how the tech industry fits into this puzzle. Links:  Netflix is buying Warner Bros. for $83 billion | The Verge Paramount launches hostile $108 billion bid to snatch Warner | The Verge Netflix revises Warner Bros. bid to an all-cash offer | The Verge Why Netflix needs Warner Bros. | Puck News The Warner Bros. bidding war Is over | Bloomberg The Son King of Hollywood | Vulture FCC Chair: ‘Legitimate competition concerns’ with Netflix’s Warner deal | Variety Netflix's Ted Sarandos to testify at antitrust hearing over Warner deal | Variety Subscribe to The Verge to access the ad-free version of Decoder! Credits: Decoder is a production of The Verge and part of the Vox Media Podcast Network. Decoder is produced by Kate Cox and Nick Statt and edited by Ursa Wright. Our editorial director is Kevin McShane.  The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

At the intersection of power, innovation, and consequence, you'll find Decoder with Nilay Patel. Hosted by The Verge's editor-in-chief, this isn't a typical business or technology podcast that simply recites the news. Instead, Nilay engages with founders, CEOs, legislators, and artists in substantive conversations that dissect the mechanics behind major decisions. The dialogue focuses on the real-world implications of big ideas, probing how today's choices in boardrooms and legislatures ripple out into society tomorrow. You'll hear guests articulate their toughest challenges, the trade-offs they've made, and the often-unseen forces shaping industries from social media and artificial intelligence to transportation and entertainment. Each episode is built on a foundation of genuine curiosity, aiming to unpack not just what is happening, but why it matters for the way we all live and work. Listening to this podcast feels like gaining access to a nuanced, behind-the-scenes briefing where strategy and philosophy collide. It's for anyone who suspects that the most important stories aren't the announcements themselves, but the human decisions, the unforeseen problems, and the ethical calculations that happen long before the headlines are written. Through these detailed conversations, Decoder provides a crucial lens on the architects of our modern world and the complex systems they are building, for better or worse.
Author: Language: English Episodes: 100

Decoder with Nilay Patel
Podcast Episodes
Elon Musk is steamrolling Wall Street to become a trillionaire [not-audio_url] [/not-audio_url]

Duration: 48:51
My guest today is Ryan Mac, a technology reporter at The New York Times and co-author of the excellent book Character Limit: How Elon Musk Destroyed Twitter, which came out in 2024. I wanted to have Ryan on today because…
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Duration: 1:05:53
I last talked to Recording Academy CEO Harvey Mason Jr in 2024 — when it was obvious that generative AI would upend the music industry, but not exactly clear how that would happen. Now, Harvey says AI is “omnipresent” in…
Rivian's software chief thinks you don't need CarPlay or buttons [not-audio_url] [/not-audio_url]

Duration: 1:09:59
Today, I’m talking with Wassym Bensaid, the chief software officer at Rivian, and the co-ceo of Rivian’s platform joint venture with Volkswagen. That joint venture, called RV Tech, is about a year and a half old, so I wa…
How Sundar Pichai is rethinking Google for the AI era [not-audio_url] [/not-audio_url]

Duration: 51:16
Connecting with Google CEO Sundar Pichai at I/O every year is one of my favorite Decoder traditions. This was our fifth year doing it, and there’s always a whole slew of new things to talk about. This year, in addition t…
Musk v Altman: Much ado about nothing [not-audio_url] [/not-audio_url]

Duration: 34:01
Musk v Altman was nominally about OpenAI's conversion to a for-profit entity, and how it went about that change. But really, the suit seems mostly to have been about Elon Musk being mad at Sam Altman — or at OpenAI, for…
Exclusive: Jonah Peretti explains why he sold BuzzFeed [not-audio_url] [/not-audio_url]

Duration: 1:10:22
Just days before we spoke, BuzzFeed co-founder and CEO Jonah Peretti agreed to sell the company, which was losing money and at risk of shutting down. Now there’s a new lease on life — and new leadership. Jonah is taking…
How companies weaponize the terms of service against you [not-audio_url] [/not-audio_url]

Duration: 54:36
Brendan Ballou is founder of the Public Integrity Project and author of the new book, When Companies Run the Courts, about the rise of forced arbitration. Forced arbitration is similarly everywhere in modern life, and th…
Joanna Stern is not a robot, but she lived with them [not-audio_url] [/not-audio_url]

Duration: 1:00:24
My guest today is longtime friend of the show Joanna Stern. You all know Joanna: she is the former senior personal technology columnist for The Wall Street Journal, a former Decoder guest host, one of my co-founders at T…
Rewind: How AI is fueling an existential crisis in education [not-audio_url] [/not-audio_url]

Duration: 42:05
Hey, everyone, Nilay here. We’re off today, while the team and I are cooking on a lot of really great stuff in the coming weeks. We’ll be back with an all-new interview on Monday. In the meantime, we really wanted to hig…