Netflix hires Steve Wilson to lead podcast acquisitions amid growth challenges
Netflix has hired former Apple executive Steve Wilson to lead its podcast acquisition efforts, aiming to expand its audio content portfolio amid slowing subscriber growth. Wilson's extensive experienโฆ
Netflix announced on Tuesday that it has hired former Apple executive Steve Wilson to head its podcast acquisition team, a move that signals the streaming giantโs intensified push into the audio market. Wilson, who spent more than a decade at Apple overseeing the growth of Apple Podcasts, will report directly to Netflixโs chief content officer and will be based in Los Angeles. The hiring was confirmed in a statement from Netflixโs corporate communications office and will take effect immediately.
The appointment comes as Netflix seeks to broaden its content portfolio beyond video, an effort that has accelerated since the company launched its first original podcasts in 2022. Industry analysts note that the streaming serviceโs recent earnings reports have shown a slowdown in subscriber growth, prompting executives to explore new revenue streams and keep audiences engaged across multiple formats. At the same time, the podcast space has become increasingly competitive, with Spotify, Amazon and traditional media firms all vying for exclusive shows and talent. By bringing in a veteran who helped turn Apple Podcasts into a topโ10 platform, Netflix hopes to accelerate its own audio ambitions and secure highโprofile deals before rivals lock down more inventory.
Wilsonโs rรฉsumรฉ includes steering Apple Podcasts to over 100 million monthly active users, negotiating exclusive licensing agreements with major creators, and launching a suite of original series that won multiple awards. In his new role, he will be tasked with identifying promising podcasts, negotiating acquisition terms, and integrating audio content into Netflixโs existing recommendation algorithms. โSteveโs deep experience in building an ecosystem for podcasts is exactly what we need as we expand our audio offerings,โ said Netflixโs chief content officer, who declined to name a specific budget but hinted that the company plans to invest heavily in original and acquired podcast content over the next two years.
Industry watchers expect Netflix to announce its first major podcast acquisitions within the next quarter, likely targeting highโprofile trueโcrime, comedy and documentary series that can complement its video library. If successful, the strategy could open a new subscription tier or adโsupported model, giving Netflix another lever to retain existing members and attract new ones. Wilsonโs hiring therefore marks a pivotal step in Netflixโs broader effort to become a oneโstop entertainment platform, blurring the lines between video and audio in the streaming era.
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