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Decoder with Nilay Patel

Recode

Decoder is a show from The Verge about big ideas — and other problems. Verge editor-in-chief Nilay Patel talks to a diverse cast of innovators and policymakers at the frontiers of business and technology to reveal how they’re navigating an...

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United States

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Recode

Description:

Decoder is a show from The Verge about big ideas — and other problems. Verge editor-in-chief Nilay Patel talks to a diverse cast of innovators and policymakers at the frontiers of business and technology to reveal how they’re navigating an ever-changing landscape, what keeps them up at night, and what it all means for our shared future.

Twitter:

@recode

Language:

English


Episodes
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How Sundar Pichai is rethinking Google for the AI era

5/26/2026
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 to the news, we talked about Google Zero; picking fights with YouTube creators and publishers; and what being at “the foothills of the singularity" even means. Links: If Google can’t make AI agents useful, maybe no one can | The Verge The future of Google is a search box that does everything | The Verge Large language mistake | The Verge You can now remix other people’s YouTube Shorts with AI | The Verge Condé Nast calls Google Zero | The Verge Demis Hassabis said this may be the ‘foothills of the singularity’ | The Verge Google I/O 2026: All the news and announcements | The Verge 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. This episode was edited by Kabir Chopra. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Duration:00:51:16

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Musk v Altman: Much ado about nothing

5/21/2026
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 being successful without him — and wanting him punished in some way. Verge reporter Liz Lopatto spent the last month covering the trial, in all its chaos, and joins Decoder to ask: In a courtroom full of untrustworthy, unreliable people all fighting with each other, did anyone even have a reputation left to lose? Links: Elon Musk loses his case against Sam Altman | The Verge Musk v. Altman proved AI is led by the wrong people | The Verge Musk v. Altman accomplished nothing but airing dirty laundry | The Verge Elon Musk’s worst enemy in court is Elon Musk | The Verge Behold, the Elon Musk jackass trophy | The Verge 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

Duration:00:34:01

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Exclusive: Jonah Peretti explains why he sold BuzzFeed

5/18/2026
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 on a new role as president of BuzzFeed AI, and Byron Allen will become CEO of BuzzFeed. That’s obviously a huge structural and organizational change, and a really big decision — prime Decoder bait if there ever was any. What are digital media companies doing to adapt and survive in an information landscape dominated by algorithmic social platforms? Links: Byron Allen is buying BuzzFeed and becoming CEO | Variety BuzzFeed issues going concern warning, lacks liquidity | Wall Street Journal BuzzFeed News is shutting down | The Verge BuzzFeed sells Hot Ones studio in $82.5M deal | NBC News The unbearable lightness of BuzzFeed | The Verge I hate myself because I don’t work for BuzzFeed (2015) | The Awl 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; this episode was edited by Kabir Chopra. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Duration:01:10:22

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How companies weaponize the terms of service against you

5/14/2026
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 there have been some very high-profile cases these past few years highlighting how deeply unfair these clauses are to consumers. Brendan’s book delves into how and why we got here — spoiler: we can blame Antonin Scalia for some of it — but also, most importantly, how we may be able to fight back in the future. Links: When Companies Run the Courts | Hachette Private equity bought out your doctor and bankrupted Toys ‘R Us | Decoder Press freedom groups demand access to Paramount records | The Wrap Disney gives up on trying to use Disney+ to settle wrongful death suit | The Verge Samsung, corruption, and you (2017) | The Verge The surprising case for AI judges | Decoder Subscribe to The Verge to access the ad-free version of Decode 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

Duration:00:54:36

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Joanna Stern is not a robot, but she lived with them

5/11/2026
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 The Verge, and also just one of my very closest friends. Joanna just left that lofty perch at the Journal to start her own media company called New Things, and she’s starting with her new book about AI called I Am Not a Robot, which is out this week on May 12th. So we had Joanna on to talk about all of that, especially what she learned going all in on automation. Links: I Am Not a Robot | Harper Collins It’s time. Meet my New Thing | Joanna Stern Why I left My prestigious job to make YouTube videos | Joanna Stern / YouTube Signing off from this column after 12 years. Here’s what’s changed in tech | WSJ I tried the robot that’s coming to live with you. It’s still par human | WSJ The people do not yearn for automation | Decoder 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

Duration:01:00:24

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Rewind: How AI is fueling an existential crisis in education

5/7/2026
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 highlight this episode we first aired in the fall, because it’s about a huge subject: AI in schools. The school year is starting to wrap up now around the country, and we’re no closer to figuring out how to thread the needle about generative AI in education than we were in September. Links: A majority of high school students use gen AI for schoolwork | College Board About a quarter of teens have used ChatGPT for schoolwork | Pew Research Your brain on ChatGPT | MIT Media Lab My students think it’s fine to cheat with AI. Maybe they’re on to something. | Vox How children understand and learn from conversational AI | McGill University ‘File not Found’ | The Verge 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. Our producers are Kate Cox and Nick Statt. Our editor is Ursa Wright. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Duration:00:42:05

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Dara Khosrowshahi on replacing Uber drivers — and himself — with AI

5/4/2026
It’s become an annual tradition to have Uber CEO Dara Khosrowshahi join us in the studio when he comes to New York for Uber’s big Go-Get event every year. This year, the big news was that Uber's expanding into a much larger platform for travel, starting with hotel booking and services like personal shopping. Uber is going so far as to call this an everything app, so I wanted to see how far Dara thinks everything actually goes — and whether he’s feeling pressure to own more of the user experience in a world where AI companies keep promising that their chatbots will book all the cars for you. Links: Uber adds hotels to its app in big travel swing | The Verge Uber CEO Dara Khosrowshahi is okay with reinventing the bus | Decoder I have to be honest, AI will replace jobs at Uber | Diary of a CEO The DoorDash problem | Decoder Airbnb CEO Brian Chesky wants to build the everything app | Decoder Booking and Priceline chief wants you to yell at bots, not humans | Decoder 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; this episode was edited by Xander Adams. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Duration:01:14:19

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How to win — or lose — Decoder

4/30/2026
This is Nick Statt, senior producer on Decoder. We last ran a mailbag episode during the holidays, and we decided it was a good idea to do that kind of thing more often. So we’re back with Nilay as the guest, answering questions and responding to feedback, criticism, and suggestions. We talk through some recent controversial episodes like our interviews with the CEOs of Superhuman and Puck, and we also discuss how we’re covering AI, thinking about the future of the show, and what it takes to win (and lose) Decoder. Links: Nilay answers your burning Decoder questions | Decoder Mailbag (2025) Answering your biggest Decoder questions | Decoder Mailbag (2024) Confronting the CEO of the AI company that impersonated me | Decoder Can Puck reinvent the news business for the influencer age? | Decoder The people do not yearn for automation | Decoder 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

Duration:00:45:00

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That UL safety logo is a lot more complicated than it looks

4/27/2026
Jennifer Scanlon is CEO of UL Solutions, one of those hidden-in-plain-sight companies we like to poke at here on Decoder. UL's been around for more than 100 years; it started as a way for insurance companies to standardize fire and safety testing as electricity was the new technology spreading into homes. But now it's everywhere, and "safety" in tech doesn't just mean the hardware. UL is adapting quickly to the connected, AI-powered era... but do the companies making and distributing tech even care about standards anymore? Links: How fake UL certifications led to Chinese ebike suit | Electrek FCC IoT program loses UL after China probe | Cybersecurity Dive FCC’s Carr probes IoT program lab over “ties to China” | PC Mag The US router ban, explained | The Verge More than 500,000 hoverboards recalled (2016) | The Verge Brendan Carr is a dummy | The Vergecast 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. This episode was edited by Kabir Chopra. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Duration:01:02:32

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THE PEOPLE DO NOT YEARN FOR AUTOMATION

4/23/2026
Today on Decoder, I want to lay out an idea that's been banging around my head for weeks now as we've been reporting on AI and having conversations here on this show. I've been calling it software brain, and it's a particular way of seeing the world that fits everything into algorithms, databases and loops. Software brain is powerful stuff. It's a way of thinking that basically created our modern world. But software thinking has also been turbocharged by AI in a way that I think helps explain the enormous gap between how excited the tech industry is about the technology and how regular people are growing to dislike it more and more over time. Links: Why software Is eating the world | Marc Andreessen Gen Z’s love-hate relationship with AI | The Verge The attacks on Sam Altman are a warning for the AI world | The Verge Silicon Valley has forgotten what normal people want | The Verge I saw something new in San Francisco | The New York Times Anthropic CEO issues dire warning about white-collar work | The Street 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

Duration:00:19:06

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Canva's CEO on its big pivot to AI enterprise software

4/20/2026
The last time Canva CEO Melanie Perkins was on Decoder, the company was starting a big push into enterprise. Now, she's leading it through a total reinvention, going, in Canva's words, "from a design platform with AI tools to an AI platform with design tools." But there's a lot of competition in that AI enterprise space. Not only is Canva competing with design software like the Adobe Creative Suite, but also it's competing with AI companies, like Anthropic and Meta, that are launching their own AI design platforms. So we talked a lot about whether Canva really is the right platform to bring the whole workspace together. Links: Canva AI 2.0 goes all in on prompt-powered design tools | The Verge The creative software industry has declared war on Adobe | The Verge Anthropic launches Claude Design | TechCrunch Canva is now in the coding and spreadsheet business | The Verge Melanie Perkins thinks the world needs more alternatives to Adobe | Decoder (2024) ⁠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

Duration:01:06:44

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Ronan Farrow on Sam Altman's "unconstrained" relationship with the truth

4/16/2026
Today I’m talking with Ronan Farrow, one of the biggest stars of investigative reporting working today. He broke the Harvey Weinstein story, among many, many others. Just last week, he and co-author Andrew Marantz published an incredible deep-dive feature in The New Yorker about OpenAI CEO Sam Altman, his trustworthiness, and the rise of OpenAI itself. So Ronan came on the show to discuss the piece, his reporting process, and why he thinks this story and the revelations it contains really matter. Links: Sam Altman may control our future — can he be trusted? | The New Yorker Hey ChatGPT, which one of these is the real Sam Altman? | New York Times Suspect throws molotov cocktail at Sam Altman’s home | Wired The attacks on Sam Altman are a warning for the AI world | The Verge The vibes are off at OpenAI | The Verge Why Sam Altman was booted from OpenAI | The Verge Sam Altman, unconstrained by the truth | Gary Marcus A brief history of Sam Altman's hype | MIT Tech Review Subscribe to The Verge to access the ad-free version of Decoder! 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

Duration:01:02:06

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Can Puck’s CEO reinvent the news business for the influencer age?

4/13/2026
Sarah Personette is the CEO of Puck, a media company that's been around for about five years. Puck hires big star reporters who write newsletters as part of a subscription bundle. Those newsletters are often must-reads in their industries, and those reporters get equity in Puck and a share of the company's revenue. It's a place where the financial incentives of the influencer economy crash right into the rigors of traditional journalism — and as regular Decoder listeners know, I have a lot of questions about how those two things work (or don't) in the modern media landscape. Links: Puck buys Air Mail in deal valued at $16M | The Wrap The man yelling ‘iceberg’ on the Hollywood Titanic | New York Times Sarah Personette joins news startup Puck as CEO | Variety Are we past peak newsletter? | New York Times Two new newsletters bet they’ve got Hollywood covered | LA Times 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

Duration:01:14:57

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The AI industry's existential race for profits

4/9/2026
Today, let’s talk about the looming AI monetization cliff, and whether some of the biggest companies in space can become real, profitable businesses before they careen right off it. My guest today is Hayden Field, who’s our senior AI reporter here at The Verge. She’s been keeping close tabs on both Anthropic and OpenAI, and how these two companies, both slate to go public this year, tell us a whole lot about the AI industry in 2026. Links: The vibes are off at OpenAI | The Verge Anthropic essentially bans OpenClaw from Claude | The Verge Why OpenAI killed Sora | The Verge OpenAI just bought TBPN | The Verge National poll shows voters like AI less than ICE | The Verge The spiraling cost of making AI | WSJ OpenAI’s Fidji Simo taking leave amid exec shake-up | Wired OpenAI raises another $122B at $850B valuation | The Verge 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

Duration:00:38:19

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Cisco CEO Chuck Robbins wants data centers in space

4/6/2026
My guest today is Cisco CEO Chuck Robbins. Cisco is one of those big companies that everyone has heard of but most of us don’t have to interact with very much; they’re not really a consumer brand. But without Cisco's actual routers and switches and silicon — and the software to make those things work — there’s no internet, no cloud, and no AI. But a data center is a really unpleasant neighbor to have, and there’s robust opposition to new data center builds all over the country. So I had to start by asking what feels, strangely, like one of the most urgent questions of the moment: Should we build data centers in space? Links: Nvidia launches space computing, rocketing AI Into orbit | Nvidia Nvidia’s AI dominance expands to networking | CRN Amid rising pushback, 2025 data center cancellations surge | Heatmap Billionaires want data centers everywhere, including space | The Verge How Ciena keeps the internet online | Decoder Okta’s CEO is betting big on agent identity | Decoder 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

Duration:00:57:45

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A jury says Meta and Google hurt a kid. What now?

4/2/2026
Today, we’re talking about the landmark social media addiction trials that just resulted in two major verdicts against Big Tech — one in California against Meta and Google, and another in New Mexico against just Meta. These are complicated cases with some huge repercussions for both how these platforms work and the very nature of speech in America. So we’ve brought on two heavy hitters: my friend Casey Newton, founder and editor of Platformer and co-host of Hard Fork, as well as Verge senior policy reporter Lauren Feiner, who’s been covering these trials since the beginning. Links: Meta & YouTube found negligent in social media addiction trial | The Verge Meta misled users about its products’ safety, jury decides | The Verge Meta’s legal defeat: a victory for kids, or a loss for everyone | The Verge Can you have child safety and Section 230, too? | Platformer The terrible cost of infinite scroll | The New York Times I watched grieving parents stare down Zuckerberg in court | The Verge Section 230 turns 30 as it faces its biggest tests yet | The Verge Congress considers blowing up internet law | The Verge Sen. Rob Wyden: “Why the internet still needs Section 230” | The Verge How America turned against the First Amendment | The Verge 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

Duration:00:51:10

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Okta's CEO is betting big on AI agent identity

3/30/2026
My guest today is Okta CEO Todd McKinnon. Okta is a platform that big companies use to manage security and identity across all the many apps and platforms their employees use. Most of us run into it as login management at work. SaaS companies like Okta are under a lot of pressure in the age of AI, which Todd even said on an earnings call he's "paranoid" about. But you'll also hear Todd say that for Okta specifically, there's also a world of opportunity as the very concept of a digital "identity" has to expand into things that aren't really people. Links: CEO ‘paranoid’ as vibe coders stir SaaSpocalypse fears | The Register $300B evaporated. The SaaSpocalypse has begun | Forbes How AI assistants are moving the security goalposts | Krebs on Security What everyone’s missing about AI and development | CRN Agents run amok: Identity lessons from Moltbook’s experiment | Okta Breakup of IBM is Antitrust goal (1972) | New York Times 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

Duration:01:06:36

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Everyone hates Ticketmaster. Why'd Trump go easy on them?

3/26/2026
Today, we’re talking about the major antitrust lawsuit against Ticketmaster parent company Live Nation, and what it might mean for antitrust and competition law in general now that the Trump DOJ has decided to settle its part of the case — even as several states including California, New York, and Texas carry on. To break it all down, I’m joined by Verge senior policy reporter Lauren Feiner. Lauren’s our resident court expert, and she’s been chronicling this trial from the beginning. Links: States’ anti-monopoly case against Live Nation continues | The Verge The Live Nation trial restarts with a ‘velvet hammer’ | The Verge Live Nation settles government antitrust suit | The Verge The Live Nation settlement has industry insiders baffled | The Verge Listen to Live Nation CEO’s alleged threats to a concert venue | The Verge The threats and bare-knuckle tactics of MAGA’s top antitrust fixer | WSJ The Trump admin just gave Live Nation the gift of a lifetime | NYT How Live Nation allegedly terrorized the concert industry | The Verge The US government is trying to break up Ticketmaster | The Verge (2024) Taylor Swift vs. Ronald Reagan: the Ticketmaster story | Decoder (2023) 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

Duration:00:37:30

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Confronting the CEO of the AI company that impersonated me

3/23/2026
Today, I’m talking with Shishir Mehrotra, the CEO of Superhuman, the company formerly known as Grammarly, which is still its flagship product. Back in August, Grammarly shipped a feature called Expert Review, which allowed you to get writing suggestions from AI-cloned “experts,” and recently, reporters at The Verge and other outlets discovered that those experts included me, among many others. No one ever asked permission to use our names this way, and a lot of reporters were outraged by this. To Shishir’s credit, he did not cancel our interview and he came on and stuck it out. This conversation got tense at times, and it’s clear we disagree about how extractive AI feels for people. There’s a lot in this one, and I’m excited to hear what you think. Links: Why I’m suing Grammarly | New York Times Grammarly will stop using identities without permission | The Verge Grammarly to keep using writer identities unless they opt out | The Verge Grammarly turned me into an AI editor and I hate it | Platformer Grammarly is using our identities without permission | The Verge Grammarly is changing its name to Superhuman | The Verge Grammarly wants to become an ‘AI productivity platform’ | The Verge Viacom v. YouTube, 2007 | Electronic Frontier Foundation 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. This episode was edited by Xander Adams. Our editorial director is Kevin McShane. The Decoder music is by Breakmaster Cylinder. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Duration:01:15:53

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Paramount's $110 billion Warner Bros. gamble

3/19/2026
Today, let’s talk about the big Paramount-Warner Bros. Discovery merger. Right now, Paramount head David Ellison is very much acting like he’s over the finish line after outbidding Netflix, which walked away after what seemed like a done deal. Back in January, I asked Puck’s Julia Alexander to walk me through Netflix’s reasoning, and today I’m digging into Paramount’s with Rich Greenfield, a media and entertainment analyst and cofounder of research firm LightShed Partners. There’s a lot going on here, including the biggest question I’ve had throughout this entire saga: why would anyone want to buy Warner, which has basically killed every acquirer it’s had for the last quarter century? Links: David Ellison’s plan to compete with Netflix: Paramount+HBO | Rich Greenfield The worst acquisition in history, again | Prof G Media David Zaslav gets the last laugh | THR Warner Bros. Discovery agrees to Paramount merger | The Verge Tech, TV, Movies & News: Ellisons on brink of colossal empire | NYT Pete Hegseth says ‘the sooner David Ellison’ buys CNN, ‘the better’ | NYT Warner Bros CEO to pocket $887 million from Paramount deal | Reuters 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

Duration:00:48:08