The TMZ Podcast Debuts with Britney Spears' Huge Win and Jamie's Loss

As they say, it's the thrill of victory for Britney Spears -- but the agony of defeat for her father, Jamie Spears, is potentially just beginning, and we're explaining why on the new TMZ Podcast.

Just moments after Britney's conservatorship hearing ended, we got the team together for the inaugural episode of the pod. There's a lot to break down from Wednesday's hearing, and even more to discuss about what happens next.

As you know, the judge suspended Jamie from his gig as conservator of Britney's estate, and now Britney's lawyer is vowing to investigate him for alleged misappropriation and other conservatorship abuses.

We'll tell you why there could be some very real consequences for Jamie. Also, as you'd expect, Britney's already celebrating her big win as only Britney can. Ditto for the throngs of #FreeBritney supporters who were outside the courthouse.

Speaking of which -- looks like there's a #FreeBritney convert among us.