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Speaker 1: This is what the vlus I'm Brett and I'm Justin

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Speaker 1: and an undate of fourteenth of July. Juzy Boy.

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Speaker 2: Apple has just released a movie about F one with

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Speaker 2: Brad Pitt, and its sales in the first ten days

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Speaker 2: have made it the most successful movie.

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Speaker 1: In Apple's history.

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Speaker 2: So naturally, next up fighting for Formula one broadcast rights

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Speaker 2: and want to steal it from Disney's ESPN when that

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Speaker 2: contract comes up next year. The F one execs must

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Speaker 2: be sitting back licking their lips, thinking how good to

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Speaker 2: have two Juggernauts bidding against each other.

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Speaker 1: For us, singing fox an. Did you know your credit

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Speaker 1: score can change every single month some months ago up,

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Speaker 1: some months ago down, and it all depends on how

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Speaker 1: you're repaying all of your loans. We have it all

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Speaker 1: covered in the Flux app, which monthly updates to your

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Speaker 1: credit score and you can get it all free, so

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Speaker 1: make sure it download the Flux app to check it out.

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Speaker 2: Three transparent stories today, Juzzy Boy, Let's do it for

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Speaker 2: our first. Some of Australia's most iconic magazine titles, like

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Speaker 2: The Australian Women's Weekly and Women's Day are being put

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Speaker 2: up for sale again.

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Speaker 1: Jesus a bit like musical chairs with these magazine empires,

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Speaker 1: b Man, So tell me.

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Speaker 2: More, okay, So our Media is the publisher behind some

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Speaker 2: of Australia's most iconic magazine.

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Speaker 1: We'd be talking at the Australian Women's Weekly, Better Homes

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Speaker 1: and Gardens and Women's.

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Speaker 2: Day, all your household favorites, you little Green Thumb.

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Speaker 1: And b Man. These are historic publications in Australia. Yep.

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Speaker 2: The Australian Women's Weekly launched in nineteen thirty three, and

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Speaker 2: Juzzy Boy at one time had the highest per capita

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Speaker 2: magazine circulation in the world.

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Speaker 1: Wow, that's huge, but ben Man, over the past decade,

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Speaker 1: these glossy magazines have had more owners than are two

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Speaker 1: thousand and four Toyota Corolla.

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Speaker 2: In twenty twelve, Baoer Media acquired some of these magazines

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Speaker 2: for five hundred and twenty five million bucks and they

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Speaker 2: took it off the hands of nine Entertainment, and.

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Speaker 1: Then they bought another chunk from seven West Media in

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Speaker 1: twenty twelve for forty mil.

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Speaker 2: But it was an ugly decade for these magazines as

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Speaker 2: digital media started to dominate.

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Speaker 1: Yeah. In twenty twenty, bao Media sold these magazines to

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Speaker 1: a private equity company called Mercury.

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Speaker 2: For much less than they paid. I'm talking under fifty mil.

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Speaker 2: And you recall this group of magazines, ah Media, be Man.

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Speaker 2: Even they've struggled with the publications, so juzzy boy. Now

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Speaker 2: the magazine Marry go around continues because our media is

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Speaker 2: looking to sell the publications to a new buyer.

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Speaker 1: Be Man. In this market with digital players, there are

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Speaker 1: not many people reaching for a Women's Day at the

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Speaker 1: servo anymore. So what is the key learning here? Legacy

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Speaker 1: media might be on struggles straight, but it's not game over.

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Speaker 2: I must say it has been pretty doom and gloom

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Speaker 2: for publishers who haven't adapted to this digital world.

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Speaker 1: In fact, be Man. By twenty twenty, the number of

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Speaker 1: magazine closures outnumbered magazine launchers by almost four to one.

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Speaker 1: But be Man, legacy media doesn't have to mean outdated media.

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Speaker 1: Take Conde Nasts as an example.

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Speaker 2: That's the owner of Vogue, the New Yorker, GQ, Vanity Fair.

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Speaker 1: They totally transform their business model from the old school

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Speaker 1: physical magazine sales to digital. First.

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Speaker 2: We're talking podcasts, we're talking video, we're talking YouTube.

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Speaker 1: Fifty one million followers, on Instagram for Vogue.

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Speaker 2: And a lazy five one seven billion views across its YouTube.

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Speaker 1: Channel and be Man. After years of losses, Conde Nast

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Speaker 1: posted its first profit in twenty two on in years

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Speaker 1: because of this major digital shift.

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Speaker 2: So Jazi boy tritional media can survive and even thrive

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Speaker 2: if willing to rethink how it operates.

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Speaker 1: And stop acting like it's still two thousand and five.

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Speaker 2: For our second story, Meta has invested three billion euros

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Speaker 2: into the maker of ray Band as it plans to

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Speaker 2: double down on smart glasses.

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Speaker 1: Those ray Band camera glasses. Give me Facebook, Poke, energy,

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Speaker 1: b man, very creepy stuff, tell me more.

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Speaker 2: About Okay, So we know Meta platforms as the company

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Speaker 2: behind Facebook, Instagram and WhatsApp. On the other hand, essalor

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Speaker 2: Laxotica is the French Italian ewear giant behind ray Band

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Speaker 2: and Oakley.

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Speaker 1: And pretty much every fancy pair of signs that you

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Speaker 1: see at the airport. Yeah.

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Speaker 2: Previously, Meta and esslor Laxotica had partnered on the ray

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Speaker 2: Band smart glasses that launched in twenty twenty one.

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Speaker 1: The glasses that lead you take calls, record things, as

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Speaker 1: well as use Meta AI as a voice assistant.

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Speaker 2: But now Meta has acquired a stake worth roughly three

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Speaker 2: billion euros in Rayband's maker, and this.

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Speaker 1: Is a strong signal that Meta plans to expand its

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Speaker 1: smart glasses partnership.

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Speaker 2: And while this investment is just a three per steak today,

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Speaker 2: Meta plans to possibly grow that steak to five percent

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Speaker 2: as well.

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Speaker 1: So what is the key learning here?

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Speaker 2: Sometimes buying a steak in a company isn't about the

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Speaker 2: financial return, It's about showing strategic alignment. You mean investing

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Speaker 2: three billion euros as a gesture, A very kind gesture,

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Speaker 2: but stick with me, juzzy boy. In September last year,

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Speaker 2: when this was first flag, Zuck said that this investment

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Speaker 2: would be quote symbolic as a way to cement their

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Speaker 2: long term partnership and.

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Speaker 1: Be man symbolic ownership sends a strong signal to the market,

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Speaker 1: to investors as well as internal teams.

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Speaker 2: Next minute, the share price of Esse Law Luck, Cideca

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Speaker 2: jumped up faster than someone untagging themselves from high school photos.

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Speaker 1: And b Man. It's similar to when car manufacturers take

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Speaker 1: a strategic steak in ev battery companies.

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Speaker 2: Stilantis, the maker of Jeep and Fiat and Pujo did

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Speaker 2: it last year when it took a four billion euro

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Speaker 2: steak in the world's biggest ev battery maker.

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Speaker 1: So while the shareholding might not give met At a

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Speaker 1: board seat, it does give them a whole lot of influence.

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Speaker 1: For our third and final story, Lululemon is suing Costco

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Speaker 1: for allegedly copying its clothing design and it has come

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Speaker 1: with the receipts. Lululemon, the spiritual home of one hundred

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Speaker 1: and thirty dollars leggings. Tell me more. Okay, so be man.

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Speaker 1: We know Lulu Lemon. It's the premium athleture brand. It

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Speaker 1: started in yoga studios back in nineteen ninety eight, but.

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Speaker 2: Juz boy, it was one of the first brands to

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Speaker 2: make active where trendy enough to wear all day, whether

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Speaker 2: or not you actually went to yoga. And last week,

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Speaker 2: Lula Lemon filed a lawsuit accusing Costco of copying the

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Speaker 2: designs of its jackets, its hoodies, and its pantaloons.

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Speaker 1: And be man. This is juicy because the case includes

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Speaker 1: visual comparisons as well.

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Speaker 2: Yeah, we're talking eerily similar colors, seam lines, and silhouettes.

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Speaker 1: The items are even named similarly.

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Speaker 2: But there's one big difference. Jusey boy. One item costs

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Speaker 2: a small fortune. The other comes in a pack of

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Speaker 2: three and sits next to a jumbo pack of Catridge chocolate.

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Speaker 1: As part of this lawsuit, Lululemon claims that these are

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Speaker 1: protected trademarks, and as Lula Lemon sales growth slows down

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Speaker 1: and dupes flood the market, Lulu Lemon is trying harder

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Speaker 1: to protect its turf. So true, so what is the

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Speaker 1: key leading here?

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Speaker 2: In a world of jupe cul culture, Premium brands are

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Speaker 2: turning to legal protection, not just marketing, to defend their edge.

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Speaker 1: Platforms like TikTok have made it easier than ever for

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Speaker 1: knockoff products to go viral.

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Speaker 2: For consumers, it's fun and a good way to bargain hunt,

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Speaker 2: but for brands it becomes a real existential threat. In fact,

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Speaker 2: Jazi Boy at twenty twenty three survey by Wypulse, which

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Speaker 2: is a company that specializes in gen Z purchasing behavior,

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Speaker 2: they found that sixty percent of gen Z and millennials

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Speaker 2: would choose a jupe product even if they could afford

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Speaker 2: the real thing.

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Speaker 1: Wow. So brands are relying more and more on their

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Speaker 1: trademarks to protect their unique designs. So that jupes can

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Speaker 1: be stopped at once and for all buck time. Did

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Speaker 1: you know every time you apply for a credit card,

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Speaker 1: or a home loan, even your phone bill, your credit

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Speaker 1: score gets checked by the provider. Well, if you want

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Speaker 1: to see how that impacts your credit scord, we have

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Speaker 1: it all covered in the Flux app. Make sure to

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Speaker 1: download the Flux app and check your credit score this month.

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Speaker 1: Thanks for listening, and we'll see you on Wednesday.