Latest / What the Flux / Qatar Airways' bid for Virgin | TikTok's new Instagram-competitor | New owners for Women's Basketball

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Qatar Airways' bid for Virgin | TikTok's new Instagram-competitor | New owners for Women's Basketball · What the Flux

• 0:05
  Speaker 1: This is what the flux I'm Brad Justin and it's Friday.
• 0:08
  Speaker 2: They're twenty eighth of June jouseboit.
• 0:10
  Speaker 1: Earlier this week, inflation jumped to four percent, if you
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  Speaker 1: don't mind, which was its highest rate in six months.
• 0:15
  Speaker 1: That's thanks to stubborn pricing for fruit and veggies as
• 0:19
  Speaker 1: well as electricity and juse boy, I did think i'd
• 0:21
  Speaker 1: say this, but investors reckon this now a one in
• 0:24
  Speaker 1: three chance of an August interest rate ride.
• 0:26
  Speaker 2: Not use that hour word one more time, Amaen.
• 0:28
  Speaker 1: That was my last time, Fleck Sam.
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  Speaker 2: Do you know that ninety one percent of flux uses
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• 0:36
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• 0:37
  Speaker 2: If you haven't got flux Pro yet, now is the
• 0:39
  Speaker 2: right time because it's currently fifty percent off at the
• 0:41
  Speaker 2: end of the financial year. But it's only for the
• 0:43
  Speaker 2: next two days, so make sure you hit the link
• 0:45
  Speaker 2: in the show notes to get that fifty percent of.
• 0:47
  Speaker 1: Three droopy stories today Juzzy Boy for our first, Qatar
• 0:52
  Speaker 1: Airways is looking to acquire a twenty percent steak in
• 0:55
  Speaker 1: Virgin Australia, which could really shake up the aviation industry
• 0:59
  Speaker 1: just must be happy.
• 1:00
  Speaker 2: Jam right now, So tell me what's going on here, okay.
• 1:02
  Speaker 1: Qatar Airways, the international airline was established by the Katari
• 1:07
  Speaker 1: government back in nineteen ninety three.
• 1:08
  Speaker 2: And they man, it's been quite the success. It's won
• 1:11
  Speaker 2: the title of the world's best airline seven times in
• 1:14
  Speaker 2: the last eleven years, according to Skytrack's last year.
• 1:17
  Speaker 1: Qatar Airways was hoping to be a bigger player in
• 1:20
  Speaker 1: the Australian aviation market, but its proposal to.
• 1:23
  Speaker 2: Add twenty one extra international flights to Australia was denied
• 1:27
  Speaker 2: by the Federal.
• 1:27
  Speaker 1: Government, which led to a lot of controversy about whether
• 1:30
  Speaker 1: quantas played any part in this old thing.
• 1:33
  Speaker 2: But now Qatar is negotiating to take a twenty percent
• 1:36
  Speaker 2: stake in Virgin Australia.
• 1:37
  Speaker 1: And for this deal to go through, Qatar will need
• 1:39
  Speaker 1: approval from the Foreign Investment Review Board.
• 1:42
  Speaker 2: But even if further accepts this deal, it could still
• 1:45
  Speaker 2: be blocked by the Federal government.
• 1:47
  Speaker 1: So it does boy. If this deal does go through,
• 1:49
  Speaker 1: it could be just the indo x strategy Quitars looking
• 1:52
  Speaker 1: for to gain more access to the ossie market.
• 1:55
  Speaker 2: So what is the key learning here?
• 1:56
  Speaker 1: If you can't talk your way in buy your way
• 1:59
  Speaker 1: in Man.
• 2:00
  Speaker 2: Qatar didn't exactly take the government's rejection of its bid
• 2:03
  Speaker 2: for extra flights very well.
• 2:04
  Speaker 1: In fact, they called it very unfair, and the decision
• 2:08
  Speaker 1: was seen by many as a way to protect Quantus's
• 2:10
  Speaker 1: market share on international flights from Australia. So if Qatar
• 2:14
  Speaker 1: negotiating with the government isn't going to give Qatar more
• 2:16
  Speaker 1: access to the OSSI market, maybe being a part owner
• 2:20
  Speaker 1: of a domestic Australian airline will.
• 2:22
  Speaker 2: Which is exactly what Katar is hoping for.
• 2:24
  Speaker 1: And this is the strategy we've seen play out before.
• 2:26
  Speaker 1: Surely you've got an example in that big brain Eva.
• 2:28
  Speaker 2: I had to take you back to twenty nineteen when
• 2:30
  Speaker 2: Uber acquired Karine, which was the dominant ride sharing company
• 2:33
  Speaker 2: in the Middle East and parts of Northern Africa. They
• 2:35
  Speaker 2: quite have a three point one billion US dollars.
• 2:37
  Speaker 1: That was after Uber failed to dominate in the Middle
• 2:40
  Speaker 1: East itself, and so it brought its way in to
• 2:43
  Speaker 1: gain the upper hand in the regions where Kareem was operating.
• 2:46
  Speaker 1: For our second story, TikTok's owner has quietly released a
• 2:50
  Speaker 1: new social app called we as a Competitor to Instagram,
• 2:53
  Speaker 1: where you can take photos with filters and messages.
• 2:56
  Speaker 2: Now the social media app I cannot keep up, So
• 2:58
  Speaker 2: tell me what is happening here, okay.
• 3:00
  Speaker 1: Byte Dance is the Chinese company that owns TikTok.
• 3:02
  Speaker 2: Aka the social media app that got us all through lockdown.
• 3:05
  Speaker 1: Aka the social app that sent phrases like.
• 3:08
  Speaker 2: Brother ugh into the stratosphere.
• 3:10
  Speaker 1: Not to forget looking for a man in fine jasey boy,
• 3:12
  Speaker 1: you are a man who knows of TikTok.
• 3:14
  Speaker 2: But b man not. Everyone is getting behind this app
• 3:17
  Speaker 2: with its unhinged gen z humor yep.
• 3:19
  Speaker 1: US lawmakers are pushing to have the app band for
• 3:21
  Speaker 1: its one hundred and eighty million monthly active users, and.
• 3:24
  Speaker 2: Other countries might follow suit as well.
• 3:26
  Speaker 1: So now jazy boy, byte Dance has quietly launched a
• 3:28
  Speaker 1: new social app named Wei and be Man.
• 3:30
  Speaker 2: I've seen some of the pickies of we and it
• 3:32
  Speaker 2: is awfully similar to Instagram's lay app.
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  Speaker 1: Bte Dance is keeping we really under wraps though.
• 3:36
  Speaker 2: Yeah. It hasn't run any ads on Apple and it
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  Speaker 2: isn't available in Australia, the.
• 3:40
  Speaker 1: US, the UK just quietly are having a look here.
• 3:42
  Speaker 1: It's got less than ten thousand downloads globally.
• 3:44
  Speaker 2: But you've got to imagine this is all part of
• 3:46
  Speaker 2: TikTok's defensive plan to build up another asset just in
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  Speaker 2: the case that TikTok gets crushed by the might of
• 3:52
  Speaker 2: the US Congress. Interesting, so what is the key learning
• 3:54
  Speaker 2: here in the game of risk? The smart money diversified jaziboy.
• 3:58
  Speaker 1: We know that companies like Facebook now known as Meta
• 4:01
  Speaker 1: have diversified over time with other products like Instagram and WhatsApp.
• 4:04
  Speaker 2: But right now By Dance is a bit of a
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  Speaker 2: one trick pony with TikTok.
• 4:08
  Speaker 1: We know that the US is a major market for TikTok,
• 4:10
  Speaker 1: so having a total ban on the app in the
• 4:12
  Speaker 1: country would seriously impact their business.
• 4:14
  Speaker 2: So now they've started acting on a backup plan if
• 4:17
  Speaker 2: that band was to ever become real enter We. Interestingly,
• 4:21
  Speaker 2: they've beened WE isn't actually by Dancer's first backup plan.
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  Speaker 1: No, it's already tried to back up the truck with
• 4:27
  Speaker 1: its pinterest slash Instagram like platform named Lemonade.
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  Speaker 2: Which only has two point six million iOS users around
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  Speaker 2: the world.
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  Speaker 1: So maybe We is its last shot at glory in
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  Speaker 1: the US, just in case the band actually goes through.
• 4:39
  Speaker 2: For our third and final story. The chairwoman of TESLA
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  Speaker 2: and the owner of the NBL are the new majority
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  Speaker 2: owners of the Australian Women's Basketball League.
• 4:47
  Speaker 1: An unlikely joe. You'd think Jesse boy. Next thing, Elon
• 4:50
  Speaker 1: Musk pulling on a guernsey too.
• 4:52
  Speaker 2: Tell me more? Okay? So the Women's National Basketball League
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  Speaker 2: or the WNBL launch back in nineteen eighty one in Australia.
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  Speaker 1: And since then it's been owned by b Basketball Australia
• 5:00
  Speaker 1: and be Man.
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  Speaker 2: Over the past decade, basketball in Australia has skyrocketer yep.
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  Speaker 1: In the NBA we've had Andrew Bogan, Patty Mills, Josh
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  Speaker 1: Giddy and many many others.
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  Speaker 2: And in a WNBA we've had Lauren Jackson and of
• 5:11
  Speaker 2: course Liz Cambidge as well.
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  Speaker 1: In fact, women's basketball is now the third largest team
• 5:17
  Speaker 1: women's sport in Australia.
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  Speaker 2: But off the field things have been a little more challenging.
• 5:21
  Speaker 1: Yeah, Basketball Australia hasn't really invested heavily in marketing or
• 5:25
  Speaker 1: sponsorships and game attendances.
• 5:27
  Speaker 2: But now Robin Denholm, the TESLA chairwoman, has taken a
• 5:30
  Speaker 2: forty nine percent steak in the Women's National Basketball League.
• 5:33
  Speaker 1: And Larry Kesselman, the owner of the NBL, has taken
• 5:36
  Speaker 1: a twenty two percent steak in this league.
• 5:38
  Speaker 2: So be man. Given the details, how much do they pay.
• 5:41
  Speaker 1: Well, it's hard to know at this stage, and you know,
• 5:43
  Speaker 1: I didn't know exactly, but it's believed that the value
• 5:45
  Speaker 1: of the whole league is somewhere around fifty mil.
• 5:47
  Speaker 2: And be Man. With the growing popularity of live sports
• 5:50
  Speaker 2: around the world, this could end up being a bargain buy,
• 5:53
  Speaker 2: I know.
• 5:53
  Speaker 1: So what's the key learning here?
• 5:54
  Speaker 2: Once a sporting code gets a good broadcast deal, it
• 5:57
  Speaker 2: elevates the competition to a whole new level.
• 5:59
  Speaker 1: And that's because live sports are far and away the
• 6:03
  Speaker 1: most popular thing on television.
• 6:04
  Speaker 2: Get this, Bmann. In twenty twenty three, the top ten
• 6:06
  Speaker 2: telecasts in the US were all major sporting events.
• 6:09
  Speaker 1: But in Australia it's even better. In twenty twenty three,
• 6:12
  Speaker 1: the top sixteen telecasts were all major sporting events.
• 6:15
  Speaker 2: And get this. Ten years ago there was just one
• 6:18
  Speaker 2: NBL game broadcast per week on Channel nine.
• 6:20
  Speaker 1: And now every single NBL game is broadcast live on ESPN.
• 6:24
  Speaker 2: So now the new owners goal will be to revitalize
• 6:27
  Speaker 2: the WNBL in the same way they've managed to do
• 6:30
  Speaker 2: with the NBL.
• 6:31
  Speaker 1: And with WNBL membership already up sixty nine percent year
• 6:34
  Speaker 1: on year, they've already got some tailwins behind them.
• 6:37
  Speaker 2: Man, you know, here's a fifty percent flux Pro for
• 6:39
  Speaker 2: the next two days.
• 6:40
  Speaker 1: I did mention that to myself quietly.
• 6:42
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• 6:52
  Speaker 2: sure you hit the link in the show notes off.
• 6:54
  Speaker 1: Thanks for listening, and we'll see you on Monday.