Netflix is set to launch its first original video podcast, The Pete Davidson Show, after reaching an agreement with SAG-AFTRA to cover the project under a podcast-specific contract.

The union worked closely with Netflix to determine whether the show would fall under television or podcast agreements, as each has distinct terms and requirements. On Thursday, SAG-AFTRA confirmed that the deal had been finalized, though specific details were not disclosed.

A union spokesperson stated, “SAG-AFTRA and Netflix have executed a podcast agreement covering The Pete Davidson Show.” One important difference between the union’s TV and podcast agreements is that television projects typically include residuals, while podcasts generally do not. Additionally, podcasts usually have lower production costs and more flexible set protocols.

The Pete Davidson Show is scheduled to premiere on January 30, marking Netflix’s first original podcast production. While Netflix has previously hosted third-party podcasts such as The Bill Simmons Podcast, 3 and Out with John Middlekauff, and The Ringer NBA Show, this will be its first in-house podcast project.

The show is directed by Sarah Brennan Kolb and produced by Marc Lieberman, president of Above Average, the digital division of Lorne Michaels’ Broadway Video. It will be exclusive to Netflix and will not be available on other platforms, including audio-only services like Apple Podcasts.

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