Latest / What the Flux / David Jones faces ASIC fine | Hasbro sells its characters' voices | Victoria’s Secret's angelic results

Transcript

David Jones faces ASIC fine | Hasbro sells its characters' voices | Victoria’s Secret's angelic results · What the Flux

• 0:05
  Speaker 1: This is what the Flux.
• 0:06
  Speaker 2: I'm Brett and I'm Justin and it's Friday, the fifth
• 0:09
  Speaker 2: of June.
• 0:09
  Speaker 1: You're probably sick of hearing about how AI is stealing jobs,
• 0:12
  Speaker 1: but a new report says that may not be the case.
• 0:14
  Speaker 1: According to a new Deloitte report, eighty two occupations will
• 0:18
  Speaker 1: probably be disrupted by AI. Think engineering managers, corporate managers,
• 0:21
  Speaker 1: and basically middle management in almost every industry. But some
• 0:25
  Speaker 1: jobs could actually become more in demand when combined with AI.
• 0:28
  Speaker 1: Think CEOs, think nurses, think teachers.
• 0:31
  Speaker 2: That's a bit of good news.
• 0:32
  Speaker 1: Uh huh.
• 0:32
  Speaker 2: Speaking of good news, Friday's where we drop fifty bucks
• 0:35
  Speaker 2: to the Flux community. You're the first person to answer
• 0:37
  Speaker 2: three business or finance questions correctly in the Flux app,
• 0:40
  Speaker 2: then the fifty bucks could be yours. To make sure
• 0:41
  Speaker 2: to download the app, turn on notifications, and play quick
• 0:44
  Speaker 2: six today.
• 0:44
  Speaker 1: Through Massive Stories Today. Jussie boy, Let's do it or
• 0:47
  Speaker 1: our first. David Jones lost more than ninety five million
• 0:50
  Speaker 1: bucks in twenty twenty five and is being investigated for
• 0:53
  Speaker 1: being six months late to report that.
• 0:56
  Speaker 2: Good luck telling us sick that the dog at your homework.
• 0:58
  Speaker 2: David Jones, tell me what well.
• 0:59
  Speaker 1: Josie Boy David Jones is Australia's oldest department store. It's
• 1:02
  Speaker 1: still trades under its original name.
• 1:04
  Speaker 2: It was founded in eighteen thirty eight by the Man,
• 1:07
  Speaker 2: the myth, David.
• 1:07
  Speaker 1: Jones, himself very creative naming, but bee Man.
• 1:11
  Speaker 2: We know that the past decade has not been very
• 1:13
  Speaker 2: kind to DJs.
• 1:14
  Speaker 1: Now it keeps on getting worse. Earlier this year it
• 1:16
  Speaker 1: was accused of villaying payments to key suppliers.
• 1:18
  Speaker 2: And head off a staff or cart as part of
• 1:20
  Speaker 2: David Jones' new owner implementing a five year turnaround.
• 1:23
  Speaker 1: But now David Jones could be hit with a hefty
• 1:25
  Speaker 1: fine from ASEX for handing in its FI twenty five
• 1:28
  Speaker 1: financial report late. Yeah, it was meant to file the
• 1:30
  Speaker 1: report within four months of the end of the financial year.
• 1:33
  Speaker 1: It ended up filing in April this year, which was
• 1:35
  Speaker 1: six months late.
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  Speaker 2: Throw on top of that, it reported a pretext loss
• 1:38
  Speaker 2: of over ninety five million bucks for that financial year.
• 1:41
  Speaker 1: But it does boy. In that ASSEIC filing, they also
• 1:43
  Speaker 1: stuck in some good results, okay, go on. Apparently the
• 1:46
  Speaker 1: first nine months of the twenty twenty six financial year
• 1:48
  Speaker 1: showed it's EBITDA increased fourfold okay and sales up three
• 1:52
  Speaker 1: point six percent, So David Jones doesn't have a problem
• 1:54
  Speaker 1: with deadlines when the numbers are on its side. It's
• 1:56
  Speaker 1: a been of a strategic business decision to release numbers late.
• 1:59
  Speaker 2: Yeah, so what is the key learning here?
• 2:01
  Speaker 1: Financial reporting is kind of like a company's school report card,
• 2:03
  Speaker 1: except instead of your parents reading it, it's every investor
• 2:06
  Speaker 1: in the country.
• 2:07
  Speaker 2: In Australia, ASX listed companies, public companies and large proprietary
• 2:11
  Speaker 2: companies all have to lodge their financials with ASIK within
• 2:13
  Speaker 2: four months of the end of the financial year.
• 2:15
  Speaker 1: Or ACIK will come and find them. Liam Neeson in
• 2:18
  Speaker 1: taken style, David Jones fits into the large proprietary private
• 2:21
  Speaker 1: company category, so it has to file on time or
• 2:24
  Speaker 1: face the wrath and find from ASIK. And ASIK has
• 2:26
  Speaker 1: been cracking down hard on late reporting this year.
• 2:29
  Speaker 2: Recently it finds Canvas seven hundred and twenty thousand dollars
• 2:32
  Speaker 2: for being late and Mecha with a fine of around
• 2:33
  Speaker 2: six hundred thousand dollars as well.
• 2:35
  Speaker 1: So filing late almost certainly means David Jones will get
• 2:37
  Speaker 1: slapped with a big bill too, but it decided to
• 2:40
  Speaker 1: risk that anyway.
• 2:40
  Speaker 2: Yeah, and it's quite convenient that they've sandwiched the bad
• 2:43
  Speaker 2: news of last financial year with the better news of
• 2:45
  Speaker 2: this one.
• 2:46
  Speaker 1: For our second story, has Bro, the mega toy company,
• 2:49
  Speaker 1: has launched a new unit to allow businesses to rent
• 2:51
  Speaker 1: the AI voices of Optimus Prime, Mister Monopoly, and Hepper Pig, his.
• 2:55
  Speaker 2: Official be man. Childhood characters aren't just toys anymore, they're
• 2:58
  Speaker 2: recurring revenue streams. Tell me more so.
• 3:00
  Speaker 1: Hasbro is one of the world's biggest toy and game companies,
• 3:04
  Speaker 1: worth nearly twelve billion US dollars.
• 3:07
  Speaker 2: We're talking the owner of Transformers, Monopoly, Clue, Gi Joe,
• 3:10
  Speaker 2: Mister Potato Head, and Just Boy.
• 3:12
  Speaker 1: While they recorded over four bill US dollars last financial year,
• 3:15
  Speaker 1: the last few years really have been tough.
• 3:17
  Speaker 2: Yeah, We're talking declining toy sales, big layoffs, and a big,
• 3:20
  Speaker 2: big strategic rethink.
• 3:22
  Speaker 1: So now they've launched a new unit called sixth Wall,
• 3:25
  Speaker 1: which has been specifically set up to handle AI character licensing.
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  Speaker 1: Explain this further, well, Essentially, they're offering some of the
• 3:31
  Speaker 1: voices of their favorite characters to other businesses like.
• 3:33
  Speaker 2: Mister Potato Head, Megatron, Cobra, Commander Heather Pig, Mister Monopoly,
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  Speaker 2: Optimist Prime apparently more coming later this year.
• 3:39
  Speaker 1: This means that those companies licensing the voices will be
• 3:42
  Speaker 1: able to get the characters to say what they want
• 3:44
  Speaker 1: with AI like mister Potato Head welcoming you into Kmart
• 3:48
  Speaker 1: or Telstra putting you on hold, But the core waiting
• 3:50
  Speaker 1: sounds like Gi Joe is on a mission.
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  Speaker 2: It seems like Hasbro is looking at ways to expand
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  Speaker 2: its IP licensing well beyond the traditional products.
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  Speaker 1: So what's the key learning?
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  Speaker 2: Megat on IP licensing is when a brand that owns
• 4:02
  Speaker 2: a character or logo or a likeness let someone else
• 4:05
  Speaker 2: use it for a fee.
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  Speaker 1: Does it boy? Think of it like renting out your
• 4:08
  Speaker 1: brand's personality. You keep the ownership and use let others
• 4:11
  Speaker 1: borrow the voice. It's big business. The global IPA licensing
• 4:14
  Speaker 1: market was worth around three hundred and forty pill in
• 4:16
  Speaker 1: twenty twenty three.
• 4:17
  Speaker 2: So be Mantha, Hasbro. This is the way to monetize
• 4:19
  Speaker 2: characters that are sitting on the shelf.
• 4:21
  Speaker 1: Disney tried a version of this with open Ayes Sara platform.
• 4:24
  Speaker 1: That deal collapsed when SRA shut down.
• 4:26
  Speaker 2: So be man This move by Hasbro with eleven Labs
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  Speaker 2: is positioning itself as a first mover in the character
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  Speaker 2: voice licensing industry, and if.
• 4:33
  Speaker 1: It works, you can bet that every studio with a
• 4:35
  Speaker 1: back catalog will be doing the same.
• 4:37
  Speaker 2: For our third and final story, Victoria's Secret shares have
• 4:41
  Speaker 2: sored fifty percent after it bumped up its revenue forecast
• 4:44
  Speaker 2: for the FI twenty six financial year.
• 4:45
  Speaker 1: Vicki's Secret Bringing Sexy Back. What is going on here? Okay?
• 4:49
  Speaker 2: So, Victoria's Secret is the iconic American lingerie and beauty retailer.
• 4:53
  Speaker 1: Famous for its over the top run ray shows and
• 4:55
  Speaker 1: some of the world's most recognizable supermodels.
• 4:57
  Speaker 2: The Victoria Banks, Heidi Klum, Kara Dilavine, and a Week.
• 5:00
  Speaker 1: The brand started in nineteen seventy seven and it was
• 5:02
  Speaker 1: actually named after Queen Victoria.
• 5:03
  Speaker 2: But they man from around twenty thirteen, its audience numbers
• 5:06
  Speaker 2: for the show started plummeting.
• 5:08
  Speaker 1: And sales followed after it faced criticism for promoting unrealistic
• 5:12
  Speaker 1: beauty standards.
• 5:12
  Speaker 2: And then Victoria's Secret actually stopped airing the show altogether
• 5:16
  Speaker 2: in twenty nineteen. But now it looks like the brand
• 5:18
  Speaker 2: is making a comeback. Yeah, they've upgraded their twenty twenty
• 5:21
  Speaker 2: six fore cast by roughly one hundred and eighty million
• 5:23
  Speaker 2: US dollars and reported a fifteen cent sales increase over
• 5:26
  Speaker 2: the past three months alone.
• 5:27
  Speaker 1: And their shares jumped by around fifty percent to a
• 5:29
  Speaker 1: record high this week.
• 5:30
  Speaker 2: And they man, this isn't a random coincidence. Victoria's Secret
• 5:33
  Speaker 2: has been actively trying to regain its cultural relevance.
• 5:36
  Speaker 1: U CEO in twenty twenty four revive the annual Runway show.
• 5:39
  Speaker 2: And now it's pulling back from discounting its product and
• 5:42
  Speaker 2: leaning back into the OG image and being more authentic
• 5:45
  Speaker 2: to the Victoria's Secrets brand seems to be paying off. Yep,
• 5:48
  Speaker 2: So what is the key learning here?
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  Speaker 1: Brand authenticity can make or break a business and consumers
• 5:52
  Speaker 1: can sniff inauthenticity a mile away.
• 5:55
  Speaker 2: Victoria's Secret tried to become more relatable.
• 5:57
  Speaker 1: Discounted its products, it softened its image, and leaned into
• 6:01
  Speaker 1: the body positivity movement, but that.
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  Speaker 2: Didn't really land with consumers because people don't come to
• 6:05
  Speaker 2: Victoria's Secret for relatability.
• 6:07
  Speaker 1: And Juseyboy in trying to be everything to everyone, the
• 6:10
  Speaker 1: brand lost some of what made it distinctive. Yeah, so
• 6:12
  Speaker 1: Victoria's Secret is going back to what always worked for them, aspiration.
• 6:16
  Speaker 1: In fact, forty four percent of sixteen to twenty four
• 6:18
  Speaker 1: year olds say that they're aspirational shoppers, meaning they.
• 6:21
  Speaker 2: Buy products that reflect who they want to become.
• 6:23
  Speaker 1: So Victoria's Secret is now trying to go back to
• 6:25
  Speaker 1: its roots of why people fell in love with them
• 6:28
  Speaker 1: in the first place.
• 6:28
  Speaker 2: And with the share price at its highest pricing years,
• 6:31
  Speaker 2: it's clearly working for them. Flex am, if you want
• 6:33
  Speaker 2: to win fifty bucks today, start the long weekend on
• 6:35
  Speaker 2: a high. All you've got to deal is down with
• 6:37
  Speaker 2: the flux opp turn your notifications on and be ready
• 6:39
  Speaker 2: for quick stix to drop at a random time today.
• 6:41
  Speaker 1: Thanks for listening, and we'll see you after the long
• 6:43
  Speaker 1: weekend on Wednesday.