As a user, personally it's because I have relatively little loyalty to podcasts, and because these platform are generally a value negative not a value add to the end user. Spotify's podcast UI is horrendous, I don't know how it's possible for Spotify to reverse my sort order and lose my place in where I was in a podcast series so many times.

Something happening like a podcast going exclusively on Spotify is likely to make me just stop listening to it even if I'm actively a Spotify premium subscriber because Spotify's UI is actually that bad and having to use one specific service instead of any to listen to a podcast is terrible user experience. Spotifies PAID experience is a negative.

Another huge thing is that podcasts being freemium is the norm, for a lot of other content types the inconvenience of logging into some portal isn't as noticeable since you had to do that to pay the content producer anyways, but for podcasts you can't help but notice how you're being made to jump through hoops and for what?

I'm not sure there's a terrible amount of value here to extract because I think we really underestimate how much value things like the App Store really provide in terms of security or payments and customer service and all that. I don't know, call me nuts, but I think Spotify would have better invested their money into making their podcasts experience good instead of signing exclusivity deals, I would happily use Spotify if it was simply the best podcast player.

I can't help but be happy that Spotify's bet is doomed to fail.