Latest / Open Tabs / 🎧 Can you trademark internet culture?
Transcript
- 0:01SPEAKER_02: So, first topic of the day,
- 0:04SPEAKER_02: if you're a woman online,
- 0:07SPEAKER_02: you are probably familiar with these two stories,
- 0:12SPEAKER_02: but wanted to talk to you guys about the hot girl controversies that are happening
- 0:18SPEAKER_02: on TikTok right now.
- 0:20SPEAKER_02: If you don't know, obviously we've talked about BookTok before.
- 0:24SPEAKER_02: It's a very powerful community and it's always for,
- 0:27SPEAKER_02: I think they said it's first documented in 2009 or 2019.
- 0:33SPEAKER_02: I'll fact check myself in the description for this.
- 0:35SPEAKER_02: But Hot Girls Read has been a term that has been used in the BookTok community
- 0:40SPEAKER_02: for quite a while.
- 0:43SPEAKER_02: And I think this started happening maybe three weeks ago.
- 0:46SPEAKER_02: a content creator trademarked the term hot girls read
- 0:51SPEAKER_02: and she immediately started going after small businesses and other creators
- 0:56SPEAKER_02: who were using that term in events in merch etc and
- 1:01SPEAKER_02: the book talk community pushed back against her so hard that after
- 1:05SPEAKER_02: a couple weeks she had to surrender her tiktok um
- 1:10SPEAKER_02: because they said it was owned by the community, not her.
- 1:15SPEAKER_02: Hot Girls Read couldn't be owned by a single person because it had been used
- 1:19SPEAKER_02: as far back as 2009 online.
- 1:23SPEAKER_02: And simultaneously, Hot Girls Walk
- 1:27SPEAKER_02: is having a controversy right now.
- 1:29SPEAKER_02: A TikToker Mia Lind is claiming that she invented the concept of hot girl walks back in 2020.
- 1:37SPEAKER_02: She said that nobody was walking for help.
- 1:40SPEAKER_02: It was before she brought it up in 2020.
- 1:44SPEAKER_02: And similarly, since then, she's made it her brand.
- 1:48SPEAKER_02: She's released a self-help book.
- 1:51SPEAKER_02: She's built a whole entire lifestyle platform on
- 1:54SPEAKER_02: Owning and being the creator of Hot Girls Walk.
- 1:58SPEAKER_02: So now, similarly,
- 2:00SPEAKER_02: she has trademarked the term and is going,
- 2:02SPEAKER_02: again, after content creators and small businesses who are using the term.
- 2:10SPEAKER_02: Currently,
- 2:11SPEAKER_02: she's getting a lot of backlash because it's basically the exact same situation
- 2:16SPEAKER_02: as what Booktop saw,
- 2:17SPEAKER_02: but she is holding strong as of Tuesday,
- 2:20SPEAKER_02: June 30th, that she is the originator of Hot Girls Walk.
- 2:25SPEAKER_02: She is the rightful owner of the term.
- 2:29SPEAKER_02: So I wanted to talk to you guys.
- 2:30SPEAKER_02: I just think it's very funny that this is happening.
- 2:34SPEAKER_02: at once.
- 2:36SPEAKER_02: And these terms that communities feel like they own,
- 2:39SPEAKER_02: that becomes such a big part of internet discourse.
- 2:42SPEAKER_02: And like, is there such thing as owning that once it reaches like a certain scale?
- 2:47SPEAKER_01: Melissa.
- 2:49SPEAKER_01: Thank you for the rundown on this.
- 2:52SPEAKER_01: Before we like share our opinions and thoughts,
- 2:55SPEAKER_01: I think I have one question on when these individuals are going after,
- 3:01SPEAKER_01: quote unquote, going after people using them.
- 3:04SPEAKER_01: Like are they going after like just another creator like using the hashtag or
- 3:10SPEAKER_01: the term or is it like other people who are like making merch or like like yeah
- 3:18SPEAKER_02: so how it works is like I could write make a tick tock and just be like oh I'm going
- 3:23SPEAKER_02: on a hashtag hot girl walk there's nothing she could do with that
- 3:27SPEAKER_02: because I'm not like monetizing
- 3:31SPEAKER_02: What seems to be the catalyst for both of these situations is
- 3:34SPEAKER_02: that other content creators put on events that used the term.
- 3:40SPEAKER_02: So like another content creator wanted to do an IRL meetup and she called it like,
- 3:46SPEAKER_02: oh, let's all go on a hot girl walk.
- 3:48SPEAKER_02: And so Mia then went after her.
- 3:50SPEAKER_02: And I think it's similar to Hot Girls Read.
- 3:54SPEAKER_02: So once other people have tried to like create events using the term
- 3:58SPEAKER_02: or like monetize it themselves, that's when the trademark has been enforced.
- 4:08SPEAKER_01: And is there any precedent with this?
- 4:12SPEAKER_01: Like, do they mention like, oh, this has come up before or like...
- 4:17SPEAKER_01: or is it sort of a newer thing?
- 4:19SPEAKER_02: I mean, yeah, I think it's like a newer thing with online communities.
- 4:24SPEAKER_02: Like, I think it's,
- 4:26SPEAKER_02: you could coin,
- 4:27SPEAKER_02: if you come up with like a catchphrase,
- 4:29SPEAKER_02: you can trademark that catchphrase and you become known for it.
- 4:34SPEAKER_02: But I think like maybe she mentioned like hot girl walk in a TikTok like back in 2020.
- 4:41SPEAKER_02: But like,
- 4:44SPEAKER_02: Then other content creators created videos using the term and simultaneously blow it up.
- 4:54SPEAKER_02: Yes, maybe she's the first one who said it, but did she make it known?
- 4:59SPEAKER_02: Is she the one who made it widely known and a term that was widely used?
- 5:09SPEAKER_01: Megan, you have any thoughts?
- 5:10SPEAKER_00: Megan, what's your thoughts?
- 5:12SPEAKER_00: I think this is kind of just like a product of where we're at in culture right now
- 5:17SPEAKER_00: where it feels like everything's been done and everything's been created and we're
- 5:24SPEAKER_00: in kind of like an idea era where it's like if you have an idea for a concept of
- 5:30SPEAKER_00: the community that counts but I think what you were seeing with the backlash to
- 5:35SPEAKER_00: the hot girls read and the hot girls walk is like
- 5:39SPEAKER_00: Just having like the stamp of approval that like legally or
- 5:43SPEAKER_00: on paper something is yours is no longer enough and people are looking
- 5:48SPEAKER_00: for like deeper ownership and like a deeper claim to something
- 5:53SPEAKER_00: than just being like I got here first and I had the idea to trademark first
- 5:58SPEAKER_00: and like this idea that a community can own something more so than like
- 6:02SPEAKER_00: a person can I think is really interesting and it was like I was not surprised
- 6:07SPEAKER_00: to see the hot girl's
- 6:08SPEAKER_00: Read like that it went
- 6:11SPEAKER_00: the way it did like she immediately was like I take it back I'm sorry like you know
- 6:15SPEAKER_00: because it was like that was so so egregious the hot girl walk I think is
- 6:20SPEAKER_00: a bit different because I think that that's like less of just like
- 6:25SPEAKER_00: a blanket statement and more of like something that you can eventize
- 6:28SPEAKER_00: and sell tickets to and make part of a brand and so I think that is a little bit
- 6:34SPEAKER_00: More Complicated because that is within the realm of something
- 6:37SPEAKER_00: that we would let someone take and run with in our current era of culture.
- 6:42SPEAKER_00: But it's interesting that they kind of rejected Mia as the person who got
- 6:48SPEAKER_00: to trademark it and run with it, you know?
- 6:50SPEAKER_02: Yeah.
- 6:52SPEAKER_02: Also, I do want to add, because I would be remiss if I didn't, I think
- 6:58SPEAKER_02: People are also saying like, yes,
- 7:00SPEAKER_02: maybe you said Hot Girls Walk,
- 7:02SPEAKER_02: but really the originator of this whole Hot Girl idea is Megan Thee Stallion
- 7:07SPEAKER_02: with Hot Girl Summer in 2019.
- 7:10SPEAKER_02: So I just want to make sure I credit her with that in this conversation.
- 7:17SPEAKER_00: And even like the, I feel like there was a meme about Hot Girls having IBS, like
- 7:22SPEAKER_00: The whole hot girl thing was like a meme you know it'd be like
- 7:25SPEAKER_00: if someone random tried to coin girl dinner
- 7:28SPEAKER_00: as being like this is my brand now girl dinner I'm selling meals
- 7:32SPEAKER_00: that are like small you know and I think it's it's
- 7:35SPEAKER_00: a very interesting I feel like very modern problem because like that's the thing now
- 7:39SPEAKER_00: where you can go to restaurants and they have girl dinner on the menu and it's like
- 7:43SPEAKER_00: that is something you can purchase but they're not claiming to like own the concept
- 7:47SPEAKER_00: of girl dinner yeah
- 7:50SPEAKER_01: I mean, you know what I think would be a very smart business out of this?
- 7:56SPEAKER_01: You guys gonna?
- 7:58SPEAKER_01: I think that there's like a need for a company that makes copywriting things like really easy.
- 8:08SPEAKER_01: Should actually become like a problem.
- 8:10SPEAKER_01: But I think that like
- 8:16SPEAKER_01: ownership over things and like how like the lines of that
- 8:21SPEAKER_01: and like how you carve out like you know demarcation lines
- 8:26SPEAKER_01: of stuff is just getting harder and more complicated and like whatever and
- 8:31SPEAKER_01: so I think that if there was a way to make copywriting things easier
- 8:36SPEAKER_01: and faster like I mean I've thought about that like even with M.T.
- 8:41SPEAKER_01: Deco content you know I think I mentioned it in our last call like I'm like you know
- 8:47SPEAKER_01: Like, I wish it was easy to copyright stuff and, like,
- 8:50SPEAKER_01: make it,
- 8:51SPEAKER_01: you know, like, have,
- 8:53SPEAKER_01: or at least, like,
- 8:54SPEAKER_01: have ownership over, like,
- 8:56SPEAKER_01: my stuff because there's been just so,
- 8:57SPEAKER_01: there's been a whole era of the internet of, like, everything's free.
- 9:02SPEAKER_01: And so it's, like, this open, like, kind of marketplace.
- 9:05SPEAKER_01: But now I think we're starting to see,
- 9:07SPEAKER_01: like, this, like, this monetization is creeping in, right?
- 9:12SPEAKER_01: Like, it's, like, creators are becoming
- 9:15SPEAKER_01: It's like it's an actual profession and like people are making money
- 9:18SPEAKER_01: and like now it's a marketplace.
- 9:20SPEAKER_01: And so how do you sort of like create ownership over things
- 9:24SPEAKER_01: and how do you make it grow and how do you sort of use the algorithms and
- 9:28SPEAKER_01: the platforms to reach the communities that are going to spend the money and all of
- 9:31SPEAKER_01: that.
- 9:31SPEAKER_01: So I think this is like I mean why I ask if there is like a you know a precedent for this.
- 9:38SPEAKER_01: Well like it's gonna whether it's this
- 9:41SPEAKER_01: or something else like it's gonna like something's gonna come up and like
- 9:45SPEAKER_01: I've even thought about, like,
- 9:47SPEAKER_01: you know,
- 9:47SPEAKER_01: as you were talking, Emma, like,
- 9:48SPEAKER_01: I think one of the creators that we always bring up that I think does such a, like,
- 9:52SPEAKER_01: an incredible job of, like,
- 9:54SPEAKER_01: franchising and, like,
- 9:55SPEAKER_01: making something out of nothing and then,
- 9:57SPEAKER_01: like, turning it into, like, Discourse's Tanks.
- 9:59SPEAKER_01: Like, she makes things up.
- 10:00SPEAKER_01: Like, so it's not Rich Mom Walks, but she does, or sorry, it's not, what is it, Hot Girl Walks,
- 10:07SPEAKER_01: but she does Rich Mom and RMW and like I don't know if anyone has done that
- 10:12SPEAKER_01: before her but like did she make her own version of that maybe
- 10:18SPEAKER_01: which is pretty brilliant it's like sort of these like offshoots and
- 10:22SPEAKER_01: then you know again like more recently she started
- 10:25SPEAKER_01: which I just thought was genius her Christina's Cafe
- 10:29SPEAKER_01: Every morning she would,
- 10:31SPEAKER_01: you know,
- 10:31SPEAKER_01: her coffee machine,
- 10:32SPEAKER_01: she calls it Christina's Cafe,
- 10:34SPEAKER_01: has a cup of coffee, and, like,
- 10:35SPEAKER_01: she would talk about Christina's Cafe,
- 10:37SPEAKER_01: Christina's Cafe, blah, blah, blah, blah, blah.
- 10:39SPEAKER_01: Lo and behold, it turned into an IRL meetup with her community.
- 10:45SPEAKER_01: It was an actual real-life cafe that people could attend,
- 10:48SPEAKER_01: and it was brought, it was, like, in collaboration with Under Armour.
- 10:52SPEAKER_02: Yeah, she was...
- 10:54SPEAKER_02: She's a perfect example.
- 10:55SPEAKER_02: She actually weighed in on this and she said she got her inspiration
- 10:58SPEAKER_02: from Megan Thee Stallion and she said she's the OG hot girl.
- 11:03SPEAKER_01: Yeah.
- 11:03SPEAKER_02: I thought it was really funny.
- 11:05SPEAKER_02: The content creator who did the hot girl walk that started all of this where
- 11:11SPEAKER_02: the I'm using quotes like OG hot girl walk girl started going after her illegally.
- 11:19SPEAKER_02: She then changed the name of her walk to High Temperature Girl Walk.
- 11:24SPEAKER_02: as a way to get around the trademark.
- 11:28SPEAKER_01: I mean, I don't know.
- 11:29SPEAKER_01: I feel like I need to sit with this more because there is this idea that, like,
- 11:32SPEAKER_01: if it's in culture and it's part of discourse, then, like, why mess with it, right?
- 11:37SPEAKER_02: Like, why mess with your relevance then, you know?
- 11:40SPEAKER_02: Yeah, I think it's, like, why mess with your community?
- 11:42SPEAKER_02: Because that is really what's, like, monetizing you.
- 11:45SPEAKER_02: Like, Mia, it's, like, cool.
- 11:48SPEAKER_02: Like, you can make more
- 11:50SPEAKER_02: Self-Help Books about being the creator of Hot Girl Walk.
- 11:54SPEAKER_02: But if you piss your community off in the pursuit of that, who is going to buy your book?
- 12:01SPEAKER_01: Right.
- 12:01SPEAKER_01: Well, also, I really have a reframe with this.
- 12:07SPEAKER_01: like we say to clients all the time like some of
- 12:10SPEAKER_01: the best collaborators are your quote-unquote competitors so like I wonder
- 12:16SPEAKER_01: if there's a way to have looked at this and been like okay
- 12:18SPEAKER_01: so there's this like other creator doing this maybe I could like partner with her
- 12:23SPEAKER_01: and we like do this together and like there's like a way for us to like both own
- 12:27SPEAKER_01: a piece of this and it's like you know all votes rise in the tide whatever
- 12:32SPEAKER_01: that saying is but like
- 12:34SPEAKER_01: It's better for people to be doing rich mom walks than, like, shutting people down.
- 12:39SPEAKER_01: Yeah.
- 12:39SPEAKER_01: Or moving them over to, like, high-temperature girl walks or to the rich mom walks, you know?
- 12:43SPEAKER_01: I don't know.
- 12:45SPEAKER_02: We can, maybe we'll see how this nets out and we can, like... Yeah.
- 12:48SPEAKER_01: I mean, it's going to, like, it's
- 12:51SPEAKER_01: This is where we are in the curve of creators,
- 12:54SPEAKER_01: you know,
- 12:55SPEAKER_01: and like monetization and like it's inevitable that people are going to try
- 12:58SPEAKER_01: to own their IPs of things.
- 13:01SPEAKER_01: But like how quickly, again,
- 13:03SPEAKER_01: someone start a copywriting business
- 13:04SPEAKER_01: because how quickly can you copyright something,
- 13:07SPEAKER_01: you know, and get your name next to it and be like, I own it.
- 13:10SPEAKER_02: This is actually a pretty good segue into our next topic,
- 13:13SPEAKER_02: which is also about a strong brand pissing their core fandom off.
- 13:21SPEAKER_02: We have talked a lot about A24 and how great they are,
- 13:26SPEAKER_02: like how they're basically the only like studio who has
- 13:30SPEAKER_02: where you see somebody walking down the street and they're wearing an A24 hat.
- 13:34SPEAKER_02: Like you don't see that for Warner Bros.
- 13:38SPEAKER_02: And they are having a little controversy with their community.
- 13:43SPEAKER_02: They've just announced a $75 million research partnership with Google DeepMind,
- 13:48SPEAKER_02: which is Google's like AI arm.
- 13:51SPEAKER_02: And their fan base is very pissed off.
- 13:55SPEAKER_02: So the deal is operating through A24's tech startup,
- 14:00SPEAKER_02: A24 Labs, which I didn't even know they had.
- 14:03SPEAKER_02: And it aims to build new filmmaking tools and workflows via AI.
- 14:09SPEAKER_02: They're framing it as we want to make filmmaking more accessible to people and make
- 14:15SPEAKER_02: the tools easier.
- 14:17SPEAKER_02: But I think their timing was a bit off,
- 14:19SPEAKER_02: given that their most recent hit, Backrooms, had very strong anti-AI themes.
- 14:25SPEAKER_02: And I just think, like, AI sentiment is, like, very negative culturally right now.
- 14:33SPEAKER_02: So I wanted to get your guys' takes since we've talked about A24
- 14:37SPEAKER_02: and like their amazing fan base and they've hit a bump in the road.
- 14:43SPEAKER_00: Yeah, I think that this is interesting.
- 14:45SPEAKER_00: I'm not surprised.
- 14:46SPEAKER_00: I feel like everyone is being very pressured to adopt technology.
- 14:51SPEAKER_00: And I've seen Hollywood kind of falling into a few camps.
- 14:54SPEAKER_00: It's either like fully embrace and that's kind of where the more business
- 14:58SPEAKER_00: and exact minded people are of like, this is the future.
- 15:00SPEAKER_00: We need to get ahead of it.
- 15:01SPEAKER_00: So we're not falling behind it.
- 15:03SPEAKER_00: Then there's the opposite end of the spectrum, which is like, I hate AI.
- 15:07SPEAKER_00: It is the antithesis of creativity and we should not be using it at all.
- 15:10SPEAKER_00: And then there's a lot of people who fall in the middle where it's like,
- 15:13SPEAKER_00: it's here,
- 15:14SPEAKER_00: I would rather have a say in shaping it than no say at all and
- 15:19SPEAKER_00: then just be told we're doing this in like a few years from now.
- 15:22SPEAKER_00: And so I think it's kind of a no-win situation right now for Hollywood.
- 15:27SPEAKER_00: Like either you're vehemently against and you're going to have to wait out this kind of like
- 15:32SPEAKER_00: This is a bit of a bubble, but AI is the future.
- 15:36SPEAKER_00: It's not going away.
- 15:38SPEAKER_00: It's not going away.
- 15:39SPEAKER_00: So you're going to have to figure out how to ride this out.
- 15:43SPEAKER_00: Or you're going to just fully embrace it and get the backlash from that.
- 15:48SPEAKER_00: Or even touching it,
- 15:49SPEAKER_00: like you said,
- 15:50SPEAKER_00: it's radioactive, I feel like, to people who value creativity right now.
- 15:55SPEAKER_00: And A24 built so much of their cultural relevance on that.
- 15:59SPEAKER_00: And specifically, I feel like
- 16:01SPEAKER_00: built their brand being less of a production studio and more of a curator.
- 16:07SPEAKER_00: And even a lot of the stuff we talk about and the products and their merch
- 16:11SPEAKER_00: that they do is centered around the theme of curation.
- 16:14SPEAKER_00: And so if your favorite curator suddenly is going down a path that you're like,
- 16:18SPEAKER_00: I vehemently disagree with this,
- 16:20SPEAKER_00: I could see why there would be such backlash to this.
- 16:25SPEAKER_00: But I also see where A24 is coming from.
- 16:31SPEAKER_01: Emma, when you say, like, backlash, is it sort of manifesting anywhere?
- 16:35SPEAKER_01: Like, is it on their social?
- 16:36SPEAKER_01: Is it, like, in Reddit?
- 16:38SPEAKER_01: Is it all over their comments?
- 16:40SPEAKER_01: They're just, like, spamming?
- 16:42SPEAKER_02: Yeah.
- 16:44SPEAKER_02: It's very negative.
- 16:45SPEAKER_02: And they're aware of it.
- 16:47SPEAKER_02: They are arguing, Megan, you hit the nail on the head.
- 16:50SPEAKER_02: They said it's inevitable.
- 16:52SPEAKER_02: And we as filmmakers want to be able to frame how AI is created in this partnership
- 17:01SPEAKER_02: with Google is our way of doing that.
- 17:05SPEAKER_00: Yeah.
- 17:05SPEAKER_00: And Google is like the foremost and like,
- 17:10SPEAKER_00: in my opinion,
- 17:12SPEAKER_00: like doing some of the most actually innovative AI work versus just selling you
- 17:18SPEAKER_00: the concept of AI.
- 17:20SPEAKER_00: I also don't like it I just have to say and like but I'm I work in tech and like all
- 17:25SPEAKER_00: of my clients are mandated to use it and so I don't get to live in the reality
- 17:29SPEAKER_00: where I get to be like I hate it and I'm not using it because I just would be out of
- 17:33SPEAKER_00: a job and it would have to go get a new job
- 17:35SPEAKER_00: so I feel like that's why I'm like sympathetic towards A24 but I also do think
- 17:41SPEAKER_00: that there's something to be said for thinking critically about
- 17:45SPEAKER_00: how AI fits into a very creative artistic picture like A24
- 17:50SPEAKER_00: and like I haven't even heard any of that I've just been hearing they're working
- 17:54SPEAKER_00: with the AI and that's bad and
- 17:56SPEAKER_00: so I feel like they could have done more table setting and made a better case
- 18:00SPEAKER_01: for why this makes sense yeah no I agree I think my mind goes like I wish they
- 18:06SPEAKER_01: talked about like three projects that they're gonna like
- 18:13SPEAKER_01: you know focus on and like just even as like top line examples um I'm also curious
- 18:20SPEAKER_01: to like you know
- 18:23SPEAKER_01: as you guys have said it's like it's hitting Hollywood feels like there's a lot
- 18:29SPEAKER_01: of stuff hitting Hollywood right now there's also like all the streaming and
- 18:33SPEAKER_01: the YouTube of it all and like Holly it's like sort of
- 18:36SPEAKER_01: There's a lot of movement happening, I feel like, in the classic sense of Hollywood.
- 18:45SPEAKER_01: It's getting disrupted, I think.
- 18:49SPEAKER_01: I'm curious, in the film and arts world, who is taking a stance to not?
- 18:57SPEAKER_01: Because I'm sure there's production houses and...
- 19:03SPEAKER_01: Filmmakers that are like consciously not
- 19:06SPEAKER_01: and like I just I'm like almost curious even as like a case study to
- 19:10SPEAKER_01: to like follow along with you know or follow other other companies
- 19:15SPEAKER_01: that are like kind of gonna like consciously not not utilize AI or like
- 19:20SPEAKER_01: if they are putting a stance against it like I'm just I just want to sort of be
- 19:25SPEAKER_01: on there like have them on our radar too um
- 19:30SPEAKER_01: Yeah, I don't know.
- 19:31SPEAKER_01: I think I, I mean, I agree with you, Megan.
- 19:33SPEAKER_01: Like I just,
- 19:33SPEAKER_01: I don't think that there's like a winning situation here and it's better to like be
- 19:37SPEAKER_01: on the cutting edge, be a part of the creation of it, help shape it than not.
- 19:42SPEAKER_01: And I think A24 even being like sort of indie,
- 19:50SPEAKER_01: sort of like,
- 19:51SPEAKER_01: you know,
- 19:52SPEAKER_01: kind of,
- 19:53SPEAKER_01: I think that that,
- 19:54SPEAKER_01: that has served them really well,
- 19:56SPEAKER_01: you know, like not consciously not being mainstream.
- 19:59SPEAKER_01: So
- 20:01SPEAKER_01: I will say I'm actually really interested and excited and curious
- 20:05SPEAKER_01: about what they're going to come back with.
- 20:10SPEAKER_01: But I say that I am not as deeply familiar with Google and DeepMind in the way that Megan is.
- 20:16SPEAKER_01: I don't really know, but I do think I don't see this headline as doom, I guess.
- 20:23SPEAKER_02: I think it's like also compounded with the fact that like you said A24 has been like
- 20:28SPEAKER_02: an indie darling and I think their core fans are very like
- 20:33SPEAKER_02: if you know you know people and this is tension
- 20:36SPEAKER_02: with them going becoming more mainstream
- 20:39SPEAKER_02: and putting out like legitimate blockbusters like
- 20:45SPEAKER_02: They were recently evaluated at $3.5 billion.
- 20:48SPEAKER_02: Like A24,
- 20:50SPEAKER_02: maybe it's indie compared to like major,
- 20:53SPEAKER_02: major studios, but like it's a multi-billion dollar brand.
- 20:58SPEAKER_02: It's a multi-billion dollar company.
- 21:01SPEAKER_02: So why are we shocked?
- 21:05SPEAKER_01: What is it?
- 21:05SPEAKER_01: What would we say?
- 21:06SPEAKER_01: Like mainstream indie?
- 21:08SPEAKER_02: It's like... Yeah, like
- 21:11SPEAKER_00: I think you're right.
- 21:13SPEAKER_00: I think that there's some underlying kind of deeper anxieties about A24 kind
- 21:19SPEAKER_00: of shedding their old self because like this is coming off the heels off of
- 21:23SPEAKER_00: the back rooms and just them getting bigger, Marty Supreme.
- 21:28SPEAKER_00: But I do think that there is a danger.
- 21:31SPEAKER_00: I think that so much of what A24's value is tied to may be that they're able
- 21:37SPEAKER_00: to produce blockbusters, but I think
- 21:39SPEAKER_00: The reason it's attractive to people is because they're able
- 21:41SPEAKER_00: to create cultural relevance and that's really what their skill is
- 21:45SPEAKER_00: and that's more marketing and cultural narratives than it is actual like
- 21:51SPEAKER_00: the films themselves so this is a bit of a reputational crisis if it is enough
- 21:56SPEAKER_00: for their core cool consumer to be like I don't like this enough to defect
- 22:01SPEAKER_00: from being a fan of the brand but I think people are more forgiving
- 22:06SPEAKER_00: than they think they are
- 22:08SPEAKER_02: I think I agree,
- 22:10SPEAKER_02: and I think maybe their merch will take a hit in the short term,
- 22:14SPEAKER_02: but they'll put out their next movie and people will be in theaters ready
- 22:21SPEAKER_02: to watch it.
- 22:23SPEAKER_02: Okay, our final topic,
- 22:25SPEAKER_02: and we're going to talk about it live right now,
- 22:27SPEAKER_02: but when this is posted, it will be exclusive for our paid subscribers.
- 22:34SPEAKER_02: So, little plug.
- 22:37SPEAKER_02: Okay, so headline, people have stopped trusting news but not newsrooms.
- 22:43SPEAKER_02: So Reuters put out a new digital news report
- 22:49SPEAKER_02: and social media has officially overtaken traditional news sources.