In this thought-provoking clip from "Black Out with Ian & Rashad," hosts Ian Dunlap and Troy Millings dive deep into the evolving landscape of the podcast industry and raise an urgent question: *Is the podcast game falling apart?*

The conversation kicks off with the headline news that Underdog Fantasy now owns 50% of Gilbert Arenas’ podcast, potentially leading to downsizing and fewer episodes if the show doesn’t meet expectations. Ian and Troy reflect on recent drama in the podcast scene, including disputes between prominent figures and the real struggles behind the scenes that many content creators are facing.

Troy emphasizes that outward success, like massive viewership or social media highlights, can be misleading—reminding listeners that real sustainability comes from ownership, equity, and smart dealmaking. He warns against signing predatory streaming and podcast deals, highlighting how lucrative partnerships can sometimes strip creators of control and value in the long term.

Ian offers essential advice for aspiring content creators: Don’t rely solely on ad dollars. Instead, focus on building diversified revenue streams—like premium content on Patreon, offering products and services, and leveraging your free content to grow a loyal audience. The hosts give shoutouts to successful creators who’ve thrived by combining free gateway content with exclusive offerings, using their own platforms (Market Mondays, Red Panda, EYL University) as examples.

They also discuss the reality that most top podcasts are hosted by celebrities leveraging their existing fame, which gives them a head start that newcomers don’t have. But they stress the importance of finding your own unique niche, building valuable skillsets, and not copying everyone else’s model.

Key takeaways from this clip include:

- Why ownership and non-dilutable shares matter more than high view counts

- The dangers of predatory podcast and streaming deals

- How to use your platform to build sustainable, diversified income beyond ads

- The advantages and challenges of coming into podcasting as an industry outsider

- The value of a niche, high-quality audience versus a broad but unengaged one

Whether you’re a current or aspiring podcaster, or just interested in the business side of content creation, this clip is packed with game you can use right now.

👍 Don’t forget to like, comment, and subscribe for more honest conversations on business, culture, and entrepreneurship.

#PodcastBusiness #ContentOwnership #GilbertArenas #PodcastIndustry #BlackOutPodcast #IanDunlap #TroyMillings #ContentCreation #Entrepreneurship #AdDollars #MediaGame #Equity #StayIndependent

---

**Watch the full conversation for more insights and strategies for navigating the world of podcasts and media deals!**

Advertising Inquiries: https://redcircle.com/brands

Privacy & Opt-Out: https://redcircle.com/privacy