Topic: Matt Sacks

Luminary has emerged from stealth mode with $100 million in funding, aiming to become the "Netflix of podcasts" through a $8 monthly subscription model. The network has signed exclusive deals with high-profile creators like Lena Dunham, Malcolm Gladwell, and Conan O'Brien. The strategy is criticized as a repeat of failed "walled garden" models that ignore the community-driven nature of podcast discovery.