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Jay Shetty Signs Deal With Netflix And Spotify

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Jay Shetty Signs Deal With Netflix And Spotify
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On Purpose with Jay Shetty is one of the most popular podcasts in the industry. The show’s immense popularity is driven by deep-dive interviews with A-list celebrities, athletes, and top wellness experts. It regularly ranks at the top of Apple Podcasts and Spotify, boasting over 5.6 million subscribers on YouTube, and the podcast has won Streamy and Shorty awards, consistently pulling in millions of weekly listeners globally.

Jay Shetty has just reported that he is moving the full video episodes of his On Purpose podcast to Spotify and Netflix. He signed a multi-year deal worth up to $100 million for the exclusive video rights, though older episodes and promotional clips will remain on his Jay Shetty YouTube Channel.

While Shetty is not leaving YouTube, here are the key details of the move.

Full-length video versions of his podcast episodes will be exclusive to Spotify and Netflix. Clips, shorts, and highlights of new and past episodes will still be uploaded to his Jay Shetty YouTube Channel. The multi-year contract is reportedly worth up to $100 million.

Earlier this year, Shetty had announced the launch of Perfect Strangers Media, which will produce film, TV and podcasts that tell “stories that show how connected we already are,” according to his company. Perfect Strangers Media has closed deals on two projects with Netflix: one a scripted series in development and the other one an unscripted series. In addition to those, the company is actively developing a slate of other TV series and films, as well as podcasts.

Also, early this year, Shetty announced a return this November for a three-date tour across Melbourne, Sydney, and Brisbane, bringing what organizers describe as a “transformative live experience” focused on mindfulness, purpose, relationships, and personal growth. The tour kicks off at Melbourne’s The Plenary on Friday, November 13th, before moving to Sydney’s TikTok Entertainment Centre on Saturday, November 14th, and concluding at Brisbane’s Convention & Exhibition Centre on Monday, November 16th.

The new show will see Jay Shetty explore what he describes as the four decisions that shape a person’s life: how they view themselves, how they make money, who they choose to love, and how they serve the world.

On Purpose Podcast attracts eyes and ears

According to Alexa Lee in Stat, “check out the health category of most podcast platforms, and you’ll see Jay Shetty’s On Purpose and Huberman Lab trading places each week in the No. 1 spot. Like Huberman, Shetty uses On Purpose to dispense mental health guidance to an audience of millions across social media, and is also involved in multiple entrepreneurial ventures, including his own adaptogenic tea line and life coaching program. Shetty, however, has a distinctly more spiritual bent to his branding, one that has made him somewhat of a guru to Hollywood stars like Jennifer Lopez and Will Smith.”

If you haven’t listened to this podcast, here’s a synopsis. Hosted by global best-selling author, award-winning storyteller, former monk and Chief Purpose Officer of Calm Jay Shetty, On Purpose With Jay Shetty brings fascinating conversations with some of the most insightful people in the world, with the mission to help others find purpose.

Here is iHeart’s view of On Purpose: “Known for making wisdom go viral, Shetty shares insights he has gained through his life journey, while conveying complex, fascinating subjects, and perspectives that might open up someone’s mind.”

On Purpose is on a journey to help make people happier, healthier and more healed,” said Jay Shetty in his 2023 iHeart press release. “Through insightful and vulnerable conversations with icons, experts and cultural figures and weekly workshops, On Purpose is dedicated to giving our community the habits and tools to live a more fulfilling life. I’m so grateful for our loyal and ever-growing community who come back every day to listen, learn and grow. As the podcast has scaled globally, it made perfect sense to join together with the number one podcast publisher- iHeartMedia. We are so excited about this new chapter for On Purpose.”

On Purpose has also won a lot of awards, including The Webby Awards People’s Voice winner – Podcasts – Health & Wellness (General Series), including Best in Health & Wellness at the 11th Shorty Awards; honored with the Outstanding Achievement Online Award at The Asian Award. iHeartRadio Podcast Award nominee for Podcast of the Year, Best Advice & Inspirational Podcast and Best Host; and Signal Awards nominee for Best Video Podcast Show – Individual Episodes, and Health & Wellness – Individual Episodes.

In addition, Shetty was also listed in The Hollywood Reporter’s Most Powerful People in Podcasting.

“Since launching On Purpose, Jay has become one of the most influential voices in podcasting, especially when it comes to conversations around mental health and wellness,” said Will Pearson, President of iHeart Podcasts in a press release. “Podcasts are a powerful, intimate medium, so it’s not surprising that we’ve seen such a tremendous number of listeners turning toward this medium as a mental health resource. We’re thrilled to be joining forces with Jay to help him bring his wisdom to an even broader audience and to expand what we’re doing in this category in such a meaningful way.”

Netflix has aggressively expanded its video podcast presence by striking direct content deals with standalone media companies and independent creators.

Most notably, Netflix inked agreements to exclusively host video podcasts from Barstool Sports (securing the rights to three of their highly popular shows) and iHeart Media.

The advent of video podcasts has engendered seismic changes in how podcasts are consumed, most notably the consumption of podcasts previously tethered to the smartphone, but now comfortably ensconced in living rooms on smart TVS.

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