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Where's the Blockbuster of Podcasting?

Last week the podcasting world couldn’t stop talking about the public launch announcement from  Luminary Media. Luminary was previously in stealth mode, having raised over $40 million in funding back in May of 2018  to create the “Netflix of Podcasting”. When they launched last week, that number jumped to nearly $100 million in funding.

But what does being the Netflix of Podcasting mean and why are companies rushing to become it?

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