Latest / What the Flux / ARN's Kyle & Jackie O problemo | The Iconic vs Shein | Bitcoin's breaks a barrier

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ARN's Kyle & Jackie O problemo | The Iconic vs Shein | Bitcoin's breaks a barrier · What the Flux

• 0:05
  Speaker 1: This is what the Flux. I'm Brett Mada, I'm justin
• 0:07
  Speaker 1: and it's Monday, the ninth of December. Josey Boy.
• 0:10
  Speaker 2: We know there's a race to win at AI at
• 0:12
  Speaker 2: the moment, and tech companies are trying to develop a
• 0:14
  Speaker 2: million and one use cases. And now Google has said
• 0:17
  Speaker 2: it's developed a new AI model that can quote identify
• 0:21
  Speaker 2: emotions for does boy. While this sounds like a pretty
• 0:23
  Speaker 2: significant and scary breakthrough, many researchers are pretty skeptical, So
• 0:28
  Speaker 2: we'll have to put it to the test ourselves. Google
• 0:30
  Speaker 2: send us the Pally and Gemma two man. We run
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  Speaker 2: so make sure to download the Flux app and check
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  Speaker 2: out the Subscription track app. Three highly beneficial stories today,
• 0:55
  Speaker 2: Josie Boy, Let's do it for our first. Arn Media,
• 0:59
  Speaker 2: the company behind radio stations Kiss FM and Goal, is
• 1:02
  Speaker 2: cutting twenty million dollars in costs as it tries to
• 1:05
  Speaker 2: free up cash in a very tight radio market.
• 1:07
  Speaker 1: Very toy must be Kyle and Jackie ob really hurting
• 1:10
  Speaker 1: those purse strings, Bean and so Joeing Moore, Well, Josey Boy.
• 1:13
  Speaker 2: AARN Media is an ouzzie media company founded in nineteen
• 1:16
  Speaker 2: eighty eight under the name Here, There and Everywhere.
• 1:20
  Speaker 1: Now they run more than fifty eight radio stations in
• 1:22
  Speaker 1: thirty three different markets, including Kiss and Gold and iHeart
• 1:26
  Speaker 1: in Australia.
• 1:26
  Speaker 2: But Jazi Boy twenty twenty four has not been kind
• 1:29
  Speaker 2: to ARN Media. No, no, no, It's seen at share
• 1:31
  Speaker 2: price four by more than twenty seven percent. It has
• 1:34
  Speaker 2: been unsuccessful in its attempted acquisition of Southern Cross Media,
• 1:37
  Speaker 2: which is the owner of Triple M and Hit FM.
• 1:39
  Speaker 1: But now be man, Aarn's been hit one more time
• 1:42
  Speaker 1: because it's warned that it's going to cut twenty million
• 1:44
  Speaker 1: dollars in costs to free up cash.
• 1:46
  Speaker 2: This means cutting between thirty and fifty staff from its team.
• 1:49
  Speaker 1: What's the reason for this need to free up cash?
• 1:51
  Speaker 1: Right now?
• 1:52
  Speaker 2: Well, AARN has struggled to grow its revenue at all
• 1:55
  Speaker 2: over the past two years, and its profit has been dipping.
• 1:58
  Speaker 1: And be man, you got to remember they've got a
• 2:00
  Speaker 1: their radio star performers to keep the mics on, in
• 2:03
  Speaker 1: particular their ten year, two hundred million dollar deal to
• 2:06
  Speaker 1: keep Kyle and JACKIEO at the station. It's a really
• 2:08
  Speaker 1: way down their financial statements and right now this investment
• 2:11
  Speaker 1: to take Kyle and Jackio national hasn't really paid off.
• 2:14
  Speaker 1: Big call for me, Jose boy. What is the key
• 2:16
  Speaker 1: learning here? Well, big ticket investments can amplify success, they
• 2:20
  Speaker 1: can also amplify risks. Our end, the two hundred million
• 2:23
  Speaker 1: dollar contract was designed to row their star performers out
• 2:26
  Speaker 1: across all states in Australia and.
• 2:28
  Speaker 2: This would mean they need less talent, less producers, less
• 2:31
  Speaker 2: audio engineers, less everything that comes with making a radio show.
• 2:34
  Speaker 1: But they made so far it hasn't worked out for
• 2:36
  Speaker 1: them as they planned.
• 2:37
  Speaker 2: In fact, their show's audience is down twenty seven percent
• 2:40
  Speaker 2: compared to last year and.
• 2:41
  Speaker 1: They're sitting in eighth position nationally for audience numbers.
• 2:44
  Speaker 2: So JUSEI wait, this is a reminder that businesses need
• 2:47
  Speaker 2: to diversify them revenue streams.
• 2:49
  Speaker 1: Yep.
• 2:50
  Speaker 2: For our second story, the Iconic is suing fast fashion
• 2:53
  Speaker 2: retailers she In for infringing on a trademarked name of
• 2:57
  Speaker 2: its in house label.
• 2:59
  Speaker 1: Feels like she is kind of baiting the Iconic with
• 3:01
  Speaker 1: this on, So tell me what's going on here.
• 3:03
  Speaker 2: Well, the Iconic is the Australian e commerce retailer that
• 3:06
  Speaker 2: launched in twenty eleven.
• 3:08
  Speaker 1: Yeah, and since then it's growing to become the most
• 3:10
  Speaker 1: popular fashion app in Australia and New Zealand with more
• 3:12
  Speaker 1: than six point eight million downloads.
• 3:14
  Speaker 2: But Jossy Boy, correct me if I'm wrong here, But
• 3:16
  Speaker 2: popularity doesn't always mean profitability.
• 3:19
  Speaker 1: No, no, no. In fact, the man, the Iconic's revenue
• 3:21
  Speaker 1: felt one hundred million dollars in twenty twenty three to
• 3:24
  Speaker 1: six hundred and fifteen million bucks, and.
• 3:26
  Speaker 2: Its losses quadrupled to forty seven mil.
• 3:28
  Speaker 1: So, man, it's fair to say that getting into a
• 3:30
  Speaker 1: trademark battle against she In, the sixty six billion US
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  Speaker 1: dollar fast fashion retailer, would not have been on the
• 3:36
  Speaker 1: iconics bing go card. And nonetheless, Jossy Boy, here we
• 3:39
  Speaker 1: are exactly because the Iconic is now suing she In
• 3:42
  Speaker 1: for infringing on its trademark of its private label brand
• 3:45
  Speaker 1: called Daisy. That's da Zie.
• 3:48
  Speaker 2: That's because she In has a brand named Daisy daz
• 3:52
  Speaker 2: Y in Australia and that's been running for the last
• 3:54
  Speaker 2: few years.
• 3:55
  Speaker 1: And be man with the old legal little ping pong
• 3:57
  Speaker 1: going back and forth, she In promised to stop selling
• 4:00
  Speaker 1: it's Daisy brand. Except here's the thing, Jazzy boy, it
• 4:02
  Speaker 1: did not. Now the Iconic claims that Shean's made profits
• 4:07
  Speaker 1: they weren't entitled to by using the Daisy brand. So
• 4:10
  Speaker 1: what is the key learning here?
• 4:11
  Speaker 2: In the world of business, litigation can serve as more
• 4:14
  Speaker 2: than just a way to protect your rights. It can
• 4:16
  Speaker 2: become a strategic tool. The Iconics lawsuit against she In
• 4:19
  Speaker 2: does two things. Firstly, it defends against its ip and secondly,
• 4:22
  Speaker 2: it sends a strong message to the market about its
• 4:25
  Speaker 2: desire to protect their brand if anyone else tries something
• 4:28
  Speaker 2: similar the man.
• 4:29
  Speaker 1: We saw this recently when popstar Katy Perry soon an
• 4:32
  Speaker 1: Australian fashion designer who was selling clothes under her own name,
• 4:35
  Speaker 1: which happened to be Katy Perry as well, and she
• 4:37
  Speaker 1: won after many, many, many years. But Beman litigation strategy
• 4:41
  Speaker 1: isn't without its risks either yep, legal battles can drag
• 4:44
  Speaker 1: on for yoonks, and not to mention this can drain
• 4:47
  Speaker 1: financial resources please or a fortune and distract from the
• 4:50
  Speaker 1: core business operation.
• 4:51
  Speaker 2: Particularly when you're fighting against a global powerhouse like she In.
• 4:55
  Speaker 2: For our third and final story, bitcoin has passed through
• 4:58
  Speaker 2: the one hundred thousand US dollar barrier for the very
• 5:01
  Speaker 2: first time, and crypto bros and sisters are cheering its
• 5:04
  Speaker 2: price to the moon.
• 5:05
  Speaker 1: Still can't believe someone bought two pieces for ten thousand
• 5:08
  Speaker 1: big coins back in twenty ten, b man, so tell
• 5:10
  Speaker 1: me more, Well, juzzy boy, we know that bitcoin is
• 5:12
  Speaker 1: created by the man, the myth, the legend Setocin Nakamoto
• 5:15
  Speaker 1: back in two thousand and eight, and since then it's
• 5:17
  Speaker 1: become a lot more mainstream than just quirky coders and libertarians.
• 5:21
  Speaker 2: In fact, the number of ossies that had some form
• 5:23
  Speaker 2: of crypto is around twenty percent according to Fintech Australia, and.
• 5:26
  Speaker 1: Over the past fifteen years it's going through a number
• 5:28
  Speaker 1: of incredibly volatile cycles. But since Donald J.
• 5:32
  Speaker 2: Trump was elected as the next president of the US,
• 5:34
  Speaker 2: bitcoin is rallied by more than forty five percent and
• 5:37
  Speaker 2: now Bitcoin's broken through the one hundred thousand US dollar
• 5:40
  Speaker 2: barrier for the first time in its history and justin
• 5:43
  Speaker 2: m While it doesn't actually have any technical significance, it
• 5:46
  Speaker 2: does have a psychological significance.
• 5:48
  Speaker 1: So what is the key learning here?
• 5:50
  Speaker 2: Investing is as much about mindset as it is about money.
• 5:53
  Speaker 1: You see be Man. When it comes to investing, there
• 5:55
  Speaker 1: are often psychological barriers around particular investments. These are the
• 5:59
  Speaker 1: in visa walls that many investors create around their investments,
• 6:02
  Speaker 1: and be Man.
• 6:03
  Speaker 2: Round numbers like one hundred thousand dollars fuels monumental, so
• 6:07
  Speaker 2: people actually behave differently. Some investors will panic and sell
• 6:10
  Speaker 2: worried it will never.
• 6:11
  Speaker 1: Go higher, and others buy in fearing they're going to
• 6:14
  Speaker 1: miss the ride to the mood.
• 6:15
  Speaker 2: But He's the secret. These barriers are very much mental
• 6:19
  Speaker 2: and be Man.
• 6:19
  Speaker 1: The value of an asset doesn't magically fundamentally change because
• 6:23
  Speaker 1: it hits a nice round number yep.
• 6:25
  Speaker 2: Successful investors they zoom out, They focus on long term goals,
• 6:29
  Speaker 2: and they don't let shiny milestones mess with their strategy.
• 6:31
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  Speaker 1: save money today. Thanks for listening, and we'll see you
• 6:50
  Speaker 1: on Wednesday.