1
00:00:05,160 --> 00:00:07,840
Speaker 1: This is what the flucks I'm Brett and aren't Justin

2
00:00:07,920 --> 00:00:10,600
Speaker 1: and Friday, the twenty fourth of January, Doboy, we spoke

3
00:00:10,640 --> 00:00:13,399
Speaker 1: the other day about the potential merger between Maya and

4
00:00:13,480 --> 00:00:17,120
Speaker 1: Apparel Brands, and now it has been overwhelmingly approved if

5
00:00:17,120 --> 00:00:19,239
Speaker 1: you don't mind. We're talking ninety five percent of Maya

6
00:00:19,320 --> 00:00:22,560
Speaker 1: shareholders approving the deal and almost one hundred percent of

7
00:00:22,680 --> 00:00:26,599
Speaker 1: Premier's shareholders. That means Maya is officially becoming the owner

8
00:00:26,640 --> 00:00:30,440
Speaker 1: of JJ's, Dottie Portman's, and your personal favorite Jackie E.

9
00:00:30,640 --> 00:00:33,160
Speaker 1: Holby shopping there mighty soon, flocks out, Here's a little

10
00:00:33,159 --> 00:00:34,760
Speaker 1: tip for you. If you're going to play in our

11
00:00:34,800 --> 00:00:37,440
Speaker 1: weekly game Quick Sticks, which will drop today, there may

12
00:00:37,520 --> 00:00:39,680
Speaker 1: or may not be a little question about the Maya

13
00:00:39,760 --> 00:00:41,920
Speaker 1: Apparel Brands mergerup. So if you want to own fifty

14
00:00:41,960 --> 00:00:43,640
Speaker 1: bucks a day in the Flux app make sure you

15
00:00:43,680 --> 00:00:46,120
Speaker 1: turn on your notifications and be the fastest person to

16
00:00:46,159 --> 00:00:49,920
Speaker 1: answer the three questions correctly. Three hard done by stories today,

17
00:00:49,960 --> 00:00:52,960
Speaker 1: Dozzy boy, let's do it for our first Quantus has

18
00:00:53,000 --> 00:00:56,480
Speaker 1: made major changes to its Frequent Flyer program, meaning you

19
00:00:56,760 --> 00:01:00,160
Speaker 1: will need to use more points to book most international flights.

20
00:01:00,160 --> 00:01:03,200
Speaker 1: They added the Classic Plus tier. Now this what is next?

21
00:01:03,240 --> 00:01:07,000
Speaker 1: B man a search oute for breathing on board. So

22
00:01:07,160 --> 00:01:09,280
Speaker 1: j Boy, we know that Quantus spent the last couple

23
00:01:09,280 --> 00:01:12,440
Speaker 1: of years in full blown damage control. They had backed

24
00:01:12,480 --> 00:01:15,640
Speaker 1: back scandals that could rival a reality TV series. We'd

25
00:01:15,680 --> 00:01:20,039
Speaker 1: be talking illegally sacking staff, allowing customers to pook ghost flights,

26
00:01:20,200 --> 00:01:23,039
Speaker 1: and of course delays of more than forty percent on

27
00:01:23,120 --> 00:01:25,880
Speaker 1: its flights and the man. The reputation repairing seemed to

28
00:01:25,959 --> 00:01:28,840
Speaker 1: work because Quantus' share price was up nearly seventy percent

29
00:01:28,920 --> 00:01:31,399
Speaker 1: last year. As part of this rep rebuild, Jazzy Boy,

30
00:01:31,480 --> 00:01:34,280
Speaker 1: they revamped their frequent Flyer program. Yeh. Last year they

31
00:01:34,319 --> 00:01:37,119
Speaker 1: opened up twenty million new seats for Frequent Flyer members

32
00:01:37,200 --> 00:01:40,480
Speaker 1: under a new Classic Plus offering more seats available, but

33
00:01:40,560 --> 00:01:43,840
Speaker 1: they were more expensive than the traditional Classic Reward, which

34
00:01:43,880 --> 00:01:46,600
Speaker 1: had less flights but were also cheaper. Now the trusty

35
00:01:46,720 --> 00:01:49,280
Speaker 1: Classic Award system is getting a bit of a shake up. Yeap.

36
00:01:49,360 --> 00:01:52,360
Speaker 1: Quantuses announce it'll cost more points to book flights under

37
00:01:52,400 --> 00:01:55,480
Speaker 1: the Classic Rewards tier, anywhere from five percent to twenty

38
00:01:55,480 --> 00:01:59,600
Speaker 1: percent more, in effect devaluing current frequent Flyer points, which

39
00:02:00,000 --> 00:02:03,480
Speaker 1: would reduce Quantus's deferred revenue liability. Oh a nice one,

40
00:02:03,560 --> 00:02:05,880
Speaker 1: jazzy boy, So what is the key learning here? Deferred

41
00:02:05,880 --> 00:02:08,720
Speaker 1: revenue liability is when a company gets paid upfront for

42
00:02:08,760 --> 00:02:11,320
Speaker 1: a product or a service that it hasn't delivered yet.

43
00:02:11,320 --> 00:02:13,800
Speaker 1: In accounting terms, it's added to the balance sheet as

44
00:02:13,840 --> 00:02:16,320
Speaker 1: a liability because in this case, Quantus still owes its

45
00:02:16,320 --> 00:02:19,280
Speaker 1: customers flights in the future, and Quantus customers have been

46
00:02:19,320 --> 00:02:22,200
Speaker 1: earning points at an increasing rate over the past few years,

47
00:02:22,240 --> 00:02:24,280
Speaker 1: and the customers haven't been able to burn these points

48
00:02:24,320 --> 00:02:27,760
Speaker 1: at the same rate, meaning Quantus's deferred revenue liability keeps

49
00:02:27,760 --> 00:02:30,840
Speaker 1: growing and growing and growing. Get this be man. The

50
00:02:30,919 --> 00:02:33,400
Speaker 1: number of total frequent flypoints in the world was up

51
00:02:33,400 --> 00:02:36,280
Speaker 1: thirteen percent in the six months to December twenty twenty three.

52
00:02:36,320 --> 00:02:38,720
Speaker 1: So now Quantus is devalue the points of its classic

53
00:02:38,800 --> 00:02:42,120
Speaker 1: reward system to encourage its customers to burn more points

54
00:02:42,240 --> 00:02:45,760
Speaker 1: and ultimately reduce this defer revenue liability. But Quantus spent

55
00:02:45,840 --> 00:02:47,800
Speaker 1: a year trying to get out of scandal mode, and

56
00:02:47,880 --> 00:02:50,520
Speaker 1: now it could be stepping right back into it. Yep.

57
00:02:50,600 --> 00:02:54,239
Speaker 1: For our second story, Netflix has cracked three hundred million

58
00:02:54,280 --> 00:02:57,560
Speaker 1: global subscribers for the very first time after the major

59
00:02:57,600 --> 00:03:01,360
Speaker 1: release of Squid Game two. More like Squid Gain two.

60
00:03:01,560 --> 00:03:04,720
Speaker 1: Mrib Man, terrible joke, Tell me more juzzy boy. We

61
00:03:04,760 --> 00:03:07,480
Speaker 1: know Netflix is the OG of the streaming platforms. It

62
00:03:07,480 --> 00:03:09,720
Speaker 1: actually launched back in nineteen ninety eight as a DVD

63
00:03:09,880 --> 00:03:13,160
Speaker 1: rental business before shifting into the streaming world. In fact,

64
00:03:13,320 --> 00:03:16,880
Speaker 1: Netflix's founders famously tried to sell the business to Blockbuster

65
00:03:17,080 --> 00:03:19,840
Speaker 1: back in two thousand for fifty million bucks. Oh how

66
00:03:19,840 --> 00:03:22,680
Speaker 1: the tables have turned Aha, and now juzzy boy. Netflix

67
00:03:22,680 --> 00:03:25,680
Speaker 1: has announced it hit three hundred million global subscribers in

68
00:03:25,720 --> 00:03:27,560
Speaker 1: the most recent quarter, which is a jump of nearly

69
00:03:27,639 --> 00:03:30,799
Speaker 1: nineteen million new subscribers chuck. On top of that, it's

70
00:03:30,840 --> 00:03:33,239
Speaker 1: profit doubled from a year earlier to nearly one point

71
00:03:33,320 --> 00:03:36,280
Speaker 1: eight billion dollars. And it's no surprise that Netflix investors

72
00:03:36,280 --> 00:03:38,760
Speaker 1: were doing the Wednesday Adams dance and the share price

73
00:03:38,960 --> 00:03:41,640
Speaker 1: rocketed fourteen percent. But what was the reason for these

74
00:03:41,840 --> 00:03:45,320
Speaker 1: big jump in subscribers. Netflix reckons that the Jake Paul

75
00:03:45,360 --> 00:03:49,000
Speaker 1: and Mike Tyson boxing match brought in millions of new subby's,

76
00:03:49,160 --> 00:03:51,360
Speaker 1: as well as the NFL games over the holiday period,

77
00:03:51,360 --> 00:03:53,520
Speaker 1: but the icing on the cake was the new release

78
00:03:53,560 --> 00:03:56,080
Speaker 1: of squid Game two, which personally, I must say it

79
00:03:56,120 --> 00:03:58,320
Speaker 1: was kind of underwhelming. Sorry to hear that, Juzzy boy,

80
00:03:58,320 --> 00:04:00,560
Speaker 1: but I'm wondering, what is the key learning come for

81
00:04:00,600 --> 00:04:04,280
Speaker 1: the specials stay for the series. Yes, recently we've seen

82
00:04:04,320 --> 00:04:07,920
Speaker 1: every broadcaster and their dog vying for live sports rights.

83
00:04:08,000 --> 00:04:10,440
Speaker 1: Live sports are scene as a way to actually differentiate

84
00:04:10,480 --> 00:04:13,720
Speaker 1: themselves in a very crowded streaming market. In Australia, You've

85
00:04:13,720 --> 00:04:17,120
Speaker 1: got streaming platform Dezone acquiring fox Sell for three point

86
00:04:17,160 --> 00:04:20,320
Speaker 1: four billion dollars, largely for Foxtell's sports rights. You've got

87
00:04:20,360 --> 00:04:22,760
Speaker 1: op This with English Premier League rights. You've also got

88
00:04:22,800 --> 00:04:26,479
Speaker 1: Stan with rugby and oz Open. Interestingly, though be Man,

89
00:04:26,560 --> 00:04:30,279
Speaker 1: Netflix is targeting the one of specials like Paul and

90
00:04:30,400 --> 00:04:33,719
Speaker 1: Tyson as opposed to the full season of any major sports.

91
00:04:33,920 --> 00:04:37,520
Speaker 1: Seems counterintuitive because subscribers can then unsubscribe shortly after the

92
00:04:37,520 --> 00:04:40,120
Speaker 1: event is done. But Netflix reckons that its subscribers are

93
00:04:40,160 --> 00:04:42,440
Speaker 1: signing up for these events and then sticking around for

94
00:04:42,480 --> 00:04:45,800
Speaker 1: its quality content like squidty Game. And this is what

95
00:04:45,839 --> 00:04:49,880
Speaker 1: we call the ultimate Mike Tyson one two punch. For

96
00:04:50,040 --> 00:04:53,120
Speaker 1: our third and final story, Donald Trump has announced at

97
00:04:53,240 --> 00:04:56,279
Speaker 1: least five hundred billion US dollars into a project called

98
00:04:56,360 --> 00:04:59,840
Speaker 1: Stargate that will fund AI infrastructure in the US basically

99
00:05:00,000 --> 00:05:02,440
Speaker 1: anything China does. Trump wants the US to do more of.

100
00:05:02,560 --> 00:05:04,400
Speaker 1: Juzzy boy, So tell me what's going on here? Okay,

101
00:05:04,400 --> 00:05:06,599
Speaker 1: So we know that Donald Trump officially became the pres

102
00:05:06,640 --> 00:05:08,839
Speaker 1: of the US last week, and now, in one of

103
00:05:08,839 --> 00:05:11,440
Speaker 1: his first moves, he's announced a five hundred billion US

104
00:05:11,520 --> 00:05:15,080
Speaker 1: dollar joint venture in the AI space called Stargate, sounding

105
00:05:15,480 --> 00:05:17,200
Speaker 1: very sci fi if you asked me, uh huh, and

106
00:05:17,279 --> 00:05:19,279
Speaker 1: juzy boy, some of the big dogs of the AI

107
00:05:19,440 --> 00:05:22,239
Speaker 1: industry will be tipping in as part of this private

108
00:05:22,360 --> 00:05:26,599
Speaker 1: sector investment. We'd be talking Open AI, Oracle Soft bang. Now,

109
00:05:26,600 --> 00:05:29,800
Speaker 1: apart from this very dramatic name, what actually is this

110
00:05:29,880 --> 00:05:32,000
Speaker 1: Stargate that we're all speaking of will be man. The

111
00:05:32,040 --> 00:05:35,120
Speaker 1: idea is that Stargate will encourage investment in the physical

112
00:05:35,200 --> 00:05:39,120
Speaker 1: and digital infrastructure of AI. Okay, and what does that mean?

113
00:05:39,200 --> 00:05:41,479
Speaker 1: But basically means these private companies will build a heap

114
00:05:41,480 --> 00:05:44,600
Speaker 1: of data centers to power AI in the US, or,

115
00:05:44,640 --> 00:05:48,840
Speaker 1: as Trump calls it, very very massive structures and man.

116
00:05:48,960 --> 00:05:51,440
Speaker 1: The goal of Stargate is to maintain the US lead

117
00:05:51,560 --> 00:05:55,719
Speaker 1: in developing AI ahead of China through a public private partnership. Interesting,

118
00:05:55,720 --> 00:05:58,200
Speaker 1: So what is the key learning here? Public private partnerships

119
00:05:58,240 --> 00:06:01,680
Speaker 1: are collaborative agreements between the government and private sector companies.

120
00:06:01,800 --> 00:06:04,440
Speaker 1: The government brings the mission in this case, make our

121
00:06:04,480 --> 00:06:07,320
Speaker 1: AI better than China's AI, and the private sector brings

122
00:06:07,360 --> 00:06:10,760
Speaker 1: the technology, the innovation, and of course the all important cash,

123
00:06:10,880 --> 00:06:13,480
Speaker 1: and together they get the job done with less risk

124
00:06:13,520 --> 00:06:16,599
Speaker 1: for government funding and pretty chunky financial incentives for the

125
00:06:16,600 --> 00:06:19,440
Speaker 1: private sector and be man. These public private partnerships happen

126
00:06:19,560 --> 00:06:22,479
Speaker 1: all over the world, even here in Australia yep. Many

127
00:06:22,520 --> 00:06:25,039
Speaker 1: of the major toll roads in Australia, like CityLink in

128
00:06:25,080 --> 00:06:29,040
Speaker 1: Melbourne or Sydney Metro Northwest, they are public private partnerships.

129
00:06:29,080 --> 00:06:31,760
Speaker 1: The goals which connects freeways and improve traffic flow, but

130
00:06:31,839 --> 00:06:34,960
Speaker 1: the private sector funded, built and operates these toll roads

131
00:06:35,000 --> 00:06:37,360
Speaker 1: and the government collects the share of toll revenue while

132
00:06:37,400 --> 00:06:39,760
Speaker 1: someone else is doing the heavy lifting. Flux, d'am, if

133
00:06:39,760 --> 00:06:41,440
Speaker 1: you want to win fifty bucks to kick off this

134
00:06:41,560 --> 00:06:43,880
Speaker 1: weekend on a high, there is only one place to

135
00:06:43,880 --> 00:06:45,400
Speaker 1: do it. It is in the Flux app at a

136
00:06:45,520 --> 00:06:47,520
Speaker 1: random time today. To make sure you turn on your

137
00:06:47,560 --> 00:06:50,719
Speaker 1: notifications with the fastest person to answer the three questions

138
00:06:50,720 --> 00:06:53,160
Speaker 1: correctly in quick sticks. Thanks for listening and we'll see

139
00:06:53,200 --> 00:06:56,480
Speaker 1: you on Monday.