Some of Australia’s most iconic magazine titles, like The Australian Women’s Weekly and Woman’s Day are being put up for sale… again.
Meta has invested 3 billion euros into the maker of RayBan as it plans to double-down on smart glasses.
Lululemon is suing Costco for allegedly copying its clothing designs — and it’s come with receipts.
_
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Transcript
Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:05):
This is what the vlus I'm Brett and I'm Justin
and an undate of fourteenth of July. Juzy Boy.
Speaker 2 (00:10):
Apple has just released a movie about F one with
Brad Pitt, and its sales in the first ten days
have made it the most successful movie.
Speaker 1 (00:16):
In Apple's history.
Speaker 2 (00:17):
So naturally, next up fighting for Formula one broadcast rights
and want to steal it from Disney's ESPN when that
contract comes up next year. The F one execs must
be sitting back licking their lips, thinking how good to
have two Juggernauts bidding against each other.
Speaker 1 (00:32):
For us, singing fox an. Did you know your credit
score can change every single month some months ago up,
some months ago down, and it all depends on how
you're repaying all of your loans. We have it all
covered in the Flux app, which monthly updates to your
credit score and you can get it all free, so
make sure it download the Flux app to check it out.
Speaker 2 (00:49):
Three transparent stories today, Juzzy Boy, Let's do it for
our first. Some of Australia's most iconic magazine titles, like
The Australian Women's Weekly and Women's Day are being put
up for sale again.
Speaker 1 (01:01):
Jesus a bit like musical chairs with these magazine empires,
b Man, So tell me.
Speaker 2 (01:04):
More, okay, So our Media is the publisher behind some
of Australia's most iconic magazine.
Speaker 1 (01:09):
We'd be talking at the Australian Women's Weekly, Better Homes
and Gardens and Women's.
Speaker 2 (01:13):
Day, all your household favorites, you little Green Thumb.
Speaker 1 (01:17):
And b Man. These are historic publications in Australia. Yep.
Speaker 2 (01:20):
The Australian Women's Weekly launched in nineteen thirty three, and
Juzzy Boy at one time had the highest per capita
magazine circulation in the world.
Speaker 1 (01:28):
Wow, that's huge, but ben Man, over the past decade,
these glossy magazines have had more owners than are two
thousand and four Toyota Corolla.
Speaker 2 (01:35):
In twenty twelve, Baoer Media acquired some of these magazines
for five hundred and twenty five million bucks and they
took it off the hands of nine Entertainment, and.
Speaker 1 (01:43):
Then they bought another chunk from seven West Media in
twenty twelve for forty mil.
Speaker 2 (01:47):
But it was an ugly decade for these magazines as
digital media started to dominate.
Speaker 1 (01:51):
Yeah. In twenty twenty, bao Media sold these magazines to
a private equity company called Mercury.
Speaker 2 (01:56):
For much less than they paid. I'm talking under fifty mil.
And you recall this group of magazines, ah Media, be Man.
Even they've struggled with the publications, so juzzy boy. Now
the magazine Marry go around continues because our media is
looking to sell the publications to a new buyer.
Speaker 1 (02:11):
Be Man. In this market with digital players, there are
not many people reaching for a Women's Day at the
servo anymore. So what is the key learning here? Legacy
media might be on struggles straight, but it's not game over.
Speaker 2 (02:21):
I must say it has been pretty doom and gloom
for publishers who haven't adapted to this digital world.
Speaker 1 (02:27):
In fact, be Man. By twenty twenty, the number of
magazine closures outnumbered magazine launchers by almost four to one.
But be Man, legacy media doesn't have to mean outdated media.
Take Conde Nasts as an example.
Speaker 2 (02:38):
That's the owner of Vogue, the New Yorker, GQ, Vanity Fair.
Speaker 1 (02:42):
They totally transform their business model from the old school
physical magazine sales to digital. First.
Speaker 2 (02:47):
We're talking podcasts, we're talking video, we're talking YouTube.
Speaker 1 (02:50):
Fifty one million followers, on Instagram for Vogue.
Speaker 2 (02:52):
And a lazy five one seven billion views across its YouTube.
Speaker 1 (02:55):
Channel and be Man. After years of losses, Conde Nast
posted its first profit in twenty two on in years
because of this major digital shift.
Speaker 2 (03:02):
So Jazi boy tritional media can survive and even thrive
if willing to rethink how it operates.
Speaker 1 (03:08):
And stop acting like it's still two thousand and five.
Speaker 2 (03:11):
For our second story, Meta has invested three billion euros
into the maker of ray Band as it plans to
double down on smart glasses.
Speaker 1 (03:19):
Those ray Band camera glasses. Give me Facebook, Poke, energy,
b man, very creepy stuff, tell me more.
Speaker 2 (03:25):
About Okay, So we know Meta platforms as the company
behind Facebook, Instagram and WhatsApp. On the other hand, essalor
Laxotica is the French Italian ewear giant behind ray Band
and Oakley.
Speaker 1 (03:35):
And pretty much every fancy pair of signs that you
see at the airport. Yeah.
Speaker 2 (03:38):
Previously, Meta and esslor Laxotica had partnered on the ray
Band smart glasses that launched in twenty twenty one.
Speaker 1 (03:44):
The glasses that lead you take calls, record things, as
well as use Meta AI as a voice assistant.
Speaker 2 (03:48):
But now Meta has acquired a stake worth roughly three
billion euros in Rayband's maker, and this.
Speaker 1 (03:54):
Is a strong signal that Meta plans to expand its
smart glasses partnership.
Speaker 2 (03:58):
And while this investment is just a three per steak today,
Meta plans to possibly grow that steak to five percent
as well.
Speaker 1 (04:04):
So what is the key learning here?
Speaker 2 (04:05):
Sometimes buying a steak in a company isn't about the
financial return, It's about showing strategic alignment. You mean investing
three billion euros as a gesture, A very kind gesture,
but stick with me, juzzy boy. In September last year,
when this was first flag, Zuck said that this investment
would be quote symbolic as a way to cement their
long term partnership and.
Speaker 1 (04:23):
Be man symbolic ownership sends a strong signal to the market,
to investors as well as internal teams.
Speaker 2 (04:29):
Next minute, the share price of Esse Law Luck, Cideca
jumped up faster than someone untagging themselves from high school photos.
Speaker 1 (04:35):
And b Man. It's similar to when car manufacturers take
a strategic steak in ev battery companies.
Speaker 2 (04:40):
Stilantis, the maker of Jeep and Fiat and Pujo did
it last year when it took a four billion euro
steak in the world's biggest ev battery maker.
Speaker 1 (04:48):
So while the shareholding might not give met At a
board seat, it does give them a whole lot of influence.
For our third and final story, Lululemon is suing Costco
for allegedly copying its clothing design and it has come
with the receipts. Lululemon, the spiritual home of one hundred
and thirty dollars leggings. Tell me more. Okay, so be man.
We know Lulu Lemon. It's the premium athleture brand. It
(05:09):
started in yoga studios back in nineteen ninety eight, but.
Speaker 2 (05:11):
Juz boy, it was one of the first brands to
make active where trendy enough to wear all day, whether
or not you actually went to yoga. And last week,
Lula Lemon filed a lawsuit accusing Costco of copying the
designs of its jackets, its hoodies, and its pantaloons.
Speaker 1 (05:25):
And be man. This is juicy because the case includes
visual comparisons as well.
Speaker 2 (05:30):
Yeah, we're talking eerily similar colors, seam lines, and silhouettes.
Speaker 1 (05:34):
The items are even named similarly.
Speaker 2 (05:35):
But there's one big difference. Jusey boy. One item costs
a small fortune. The other comes in a pack of
three and sits next to a jumbo pack of Catridge chocolate.
Speaker 1 (05:44):
As part of this lawsuit, Lululemon claims that these are
protected trademarks, and as Lula Lemon sales growth slows down
and dupes flood the market, Lulu Lemon is trying harder
to protect its turf. So true, so what is the
key leading here?
Speaker 2 (05:59):
In a world of jupe cul culture, Premium brands are
turning to legal protection, not just marketing, to defend their edge.
Speaker 1 (06:04):
Platforms like TikTok have made it easier than ever for
knockoff products to go viral.
Speaker 2 (06:09):
For consumers, it's fun and a good way to bargain hunt,
but for brands it becomes a real existential threat. In fact,
Jazi Boy at twenty twenty three survey by Wypulse, which
is a company that specializes in gen Z purchasing behavior,
they found that sixty percent of gen Z and millennials
would choose a jupe product even if they could afford
the real thing.
Speaker 1 (06:26):
Wow. So brands are relying more and more on their
trademarks to protect their unique designs. So that jupes can
be stopped at once and for all buck time. Did
you know every time you apply for a credit card,
or a home loan, even your phone bill, your credit
score gets checked by the provider. Well, if you want
to see how that impacts your credit scord, we have
it all covered in the Flux app. Make sure to
download the Flux app and check your credit score this month.
Thanks for listening, and we'll see you on Wednesday.
This is what the vlus I'm Brett and I'm Justin
and an undate of fourteenth of July. Juzy Boy.
Speaker 2 (00:10):
Apple has just released a movie about F one with
Brad Pitt, and its sales in the first ten days
have made it the most successful movie.
Speaker 1 (00:16):
In Apple's history.
Speaker 2 (00:17):
So naturally, next up fighting for Formula one broadcast rights
and want to steal it from Disney's ESPN when that
contract comes up next year. The F one execs must
be sitting back licking their lips, thinking how good to
have two Juggernauts bidding against each other.
Speaker 1 (00:32):
For us, singing fox an. Did you know your credit
score can change every single month some months ago up,
some months ago down, and it all depends on how
you're repaying all of your loans. We have it all
covered in the Flux app, which monthly updates to your
credit score and you can get it all free, so
make sure it download the Flux app to check it out.
Speaker 2 (00:49):
Three transparent stories today, Juzzy Boy, Let's do it for
our first. Some of Australia's most iconic magazine titles, like
The Australian Women's Weekly and Women's Day are being put
up for sale again.
Speaker 1 (01:01):
Jesus a bit like musical chairs with these magazine empires,
b Man, So tell me.
Speaker 2 (01:04):
More, okay, So our Media is the publisher behind some
of Australia's most iconic magazine.
Speaker 1 (01:09):
We'd be talking at the Australian Women's Weekly, Better Homes
and Gardens and Women's.
Speaker 2 (01:13):
Day, all your household favorites, you little Green Thumb.
Speaker 1 (01:17):
And b Man. These are historic publications in Australia. Yep.
Speaker 2 (01:20):
The Australian Women's Weekly launched in nineteen thirty three, and
Juzzy Boy at one time had the highest per capita
magazine circulation in the world.
Speaker 1 (01:28):
Wow, that's huge, but ben Man, over the past decade,
these glossy magazines have had more owners than are two
thousand and four Toyota Corolla.
Speaker 2 (01:35):
In twenty twelve, Baoer Media acquired some of these magazines
for five hundred and twenty five million bucks and they
took it off the hands of nine Entertainment, and.
Speaker 1 (01:43):
Then they bought another chunk from seven West Media in
twenty twelve for forty mil.
Speaker 2 (01:47):
But it was an ugly decade for these magazines as
digital media started to dominate.
Speaker 1 (01:51):
Yeah. In twenty twenty, bao Media sold these magazines to
a private equity company called Mercury.
Speaker 2 (01:56):
For much less than they paid. I'm talking under fifty mil.
And you recall this group of magazines, ah Media, be Man.
Even they've struggled with the publications, so juzzy boy. Now
the magazine Marry go around continues because our media is
looking to sell the publications to a new buyer.
Speaker 1 (02:11):
Be Man. In this market with digital players, there are
not many people reaching for a Women's Day at the
servo anymore. So what is the key learning here? Legacy
media might be on struggles straight, but it's not game over.
Speaker 2 (02:21):
I must say it has been pretty doom and gloom
for publishers who haven't adapted to this digital world.
Speaker 1 (02:27):
In fact, be Man. By twenty twenty, the number of
magazine closures outnumbered magazine launchers by almost four to one.
But be Man, legacy media doesn't have to mean outdated media.
Take Conde Nasts as an example.
Speaker 2 (02:38):
That's the owner of Vogue, the New Yorker, GQ, Vanity Fair.
Speaker 1 (02:42):
They totally transform their business model from the old school
physical magazine sales to digital. First.
Speaker 2 (02:47):
We're talking podcasts, we're talking video, we're talking YouTube.
Speaker 1 (02:50):
Fifty one million followers, on Instagram for Vogue.
Speaker 2 (02:52):
And a lazy five one seven billion views across its YouTube.
Speaker 1 (02:55):
Channel and be Man. After years of losses, Conde Nast
posted its first profit in twenty two on in years
because of this major digital shift.
Speaker 2 (03:02):
So Jazi boy tritional media can survive and even thrive
if willing to rethink how it operates.
Speaker 1 (03:08):
And stop acting like it's still two thousand and five.
Speaker 2 (03:11):
For our second story, Meta has invested three billion euros
into the maker of ray Band as it plans to
double down on smart glasses.
Speaker 1 (03:19):
Those ray Band camera glasses. Give me Facebook, Poke, energy,
b man, very creepy stuff, tell me more.
Speaker 2 (03:25):
About Okay, So we know Meta platforms as the company
behind Facebook, Instagram and WhatsApp. On the other hand, essalor
Laxotica is the French Italian ewear giant behind ray Band
and Oakley.
Speaker 1 (03:35):
And pretty much every fancy pair of signs that you
see at the airport. Yeah.
Speaker 2 (03:38):
Previously, Meta and esslor Laxotica had partnered on the ray
Band smart glasses that launched in twenty twenty one.
Speaker 1 (03:44):
The glasses that lead you take calls, record things, as
well as use Meta AI as a voice assistant.
Speaker 2 (03:48):
But now Meta has acquired a stake worth roughly three
billion euros in Rayband's maker, and this.
Speaker 1 (03:54):
Is a strong signal that Meta plans to expand its
smart glasses partnership.
Speaker 2 (03:58):
And while this investment is just a three per steak today,
Meta plans to possibly grow that steak to five percent
as well.
Speaker 1 (04:04):
So what is the key learning here?
Speaker 2 (04:05):
Sometimes buying a steak in a company isn't about the
financial return, It's about showing strategic alignment. You mean investing
three billion euros as a gesture, A very kind gesture,
but stick with me, juzzy boy. In September last year,
when this was first flag, Zuck said that this investment
would be quote symbolic as a way to cement their
long term partnership and.
Speaker 1 (04:23):
Be man symbolic ownership sends a strong signal to the market,
to investors as well as internal teams.
Speaker 2 (04:29):
Next minute, the share price of Esse Law Luck, Cideca
jumped up faster than someone untagging themselves from high school photos.
Speaker 1 (04:35):
And b Man. It's similar to when car manufacturers take
a strategic steak in ev battery companies.
Speaker 2 (04:40):
Stilantis, the maker of Jeep and Fiat and Pujo did
it last year when it took a four billion euro
steak in the world's biggest ev battery maker.
Speaker 1 (04:48):
So while the shareholding might not give met At a
board seat, it does give them a whole lot of influence.
For our third and final story, Lululemon is suing Costco
for allegedly copying its clothing design and it has come
with the receipts. Lululemon, the spiritual home of one hundred
and thirty dollars leggings. Tell me more. Okay, so be man.
We know Lulu Lemon. It's the premium athleture brand. It
(05:09):
started in yoga studios back in nineteen ninety eight, but.
Speaker 2 (05:11):
Juz boy, it was one of the first brands to
make active where trendy enough to wear all day, whether
or not you actually went to yoga. And last week,
Lula Lemon filed a lawsuit accusing Costco of copying the
designs of its jackets, its hoodies, and its pantaloons.
Speaker 1 (05:25):
And be man. This is juicy because the case includes
visual comparisons as well.
Speaker 2 (05:30):
Yeah, we're talking eerily similar colors, seam lines, and silhouettes.
Speaker 1 (05:34):
The items are even named similarly.
Speaker 2 (05:35):
But there's one big difference. Jusey boy. One item costs
a small fortune. The other comes in a pack of
three and sits next to a jumbo pack of Catridge chocolate.
Speaker 1 (05:44):
As part of this lawsuit, Lululemon claims that these are
protected trademarks, and as Lula Lemon sales growth slows down
and dupes flood the market, Lulu Lemon is trying harder
to protect its turf. So true, so what is the
key leading here?
Speaker 2 (05:59):
In a world of jupe cul culture, Premium brands are
turning to legal protection, not just marketing, to defend their edge.
Speaker 1 (06:04):
Platforms like TikTok have made it easier than ever for
knockoff products to go viral.
Speaker 2 (06:09):
For consumers, it's fun and a good way to bargain hunt,
but for brands it becomes a real existential threat. In fact,
Jazi Boy at twenty twenty three survey by Wypulse, which
is a company that specializes in gen Z purchasing behavior,
they found that sixty percent of gen Z and millennials
would choose a jupe product even if they could afford
the real thing.
Speaker 1 (06:26):
Wow. So brands are relying more and more on their
trademarks to protect their unique designs. So that jupes can
be stopped at once and for all buck time. Did
you know every time you apply for a credit card,
or a home loan, even your phone bill, your credit
score gets checked by the provider. Well, if you want
to see how that impacts your credit scord, we have
it all covered in the Flux app. Make sure to
download the Flux app and check your credit score this month.
Thanks for listening, and we'll see you on Wednesday.
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