1 00:00:05,160 --> 00:00:07,880 Speaker 1: This is what the Flux. I'm Brett Mada, I'm justin 2 00:00:07,920 --> 00:00:10,200 Speaker 1: and it's Monday, the ninth of December. Josey Boy. 3 00:00:10,280 --> 00:00:12,399 Speaker 2: We know there's a race to win at AI at 4 00:00:12,400 --> 00:00:14,600 Speaker 2: the moment, and tech companies are trying to develop a 5 00:00:14,640 --> 00:00:17,640 Speaker 2: million and one use cases. And now Google has said 6 00:00:17,640 --> 00:00:20,920 Speaker 2: it's developed a new AI model that can quote identify 7 00:00:21,000 --> 00:00:23,440 Speaker 2: emotions for does boy. While this sounds like a pretty 8 00:00:23,480 --> 00:00:27,920 Speaker 2: significant and scary breakthrough, many researchers are pretty skeptical, So 9 00:00:28,000 --> 00:00:29,920 Speaker 2: we'll have to put it to the test ourselves. Google 10 00:00:30,080 --> 00:00:33,440 Speaker 2: send us the Pally and Gemma two man. We run 11 00:00:33,479 --> 00:00:35,880 Speaker 2: the numbers, and the average Flux user who's used. 12 00:00:35,760 --> 00:00:38,440 Speaker 1: Our subscription tracker has saved over three hundred and fifty 13 00:00:38,440 --> 00:00:40,920 Speaker 1: dollars in the last two months a loan. Wow. 14 00:00:41,080 --> 00:00:43,400 Speaker 2: It's all thanks to our Subscription trackp which tracks all 15 00:00:43,400 --> 00:00:46,040 Speaker 2: your subscriptions across all your bank accounts and tells you 16 00:00:46,120 --> 00:00:48,279 Speaker 2: where you may be spending money that you didn't know. 17 00:00:48,440 --> 00:00:51,040 Speaker 2: We are saving money left right in Sander for Flux users, 18 00:00:51,080 --> 00:00:52,760 Speaker 2: so make sure to download the Flux app and check 19 00:00:52,800 --> 00:00:55,880 Speaker 2: out the Subscription track app. Three highly beneficial stories today, 20 00:00:55,960 --> 00:00:59,200 Speaker 2: Josie Boy, Let's do it for our first. Arn Media, 21 00:00:59,320 --> 00:01:02,480 Speaker 2: the company behind radio stations Kiss FM and Goal, is 22 00:01:02,520 --> 00:01:05,080 Speaker 2: cutting twenty million dollars in costs as it tries to 23 00:01:05,120 --> 00:01:07,759 Speaker 2: free up cash in a very tight radio market. 24 00:01:07,920 --> 00:01:10,880 Speaker 1: Very toy must be Kyle and Jackie ob really hurting 25 00:01:10,880 --> 00:01:13,520 Speaker 1: those purse strings, Bean and so Joeing Moore, Well, Josey Boy. 26 00:01:13,600 --> 00:01:16,760 Speaker 2: AARN Media is an ouzzie media company founded in nineteen 27 00:01:16,840 --> 00:01:19,960 Speaker 2: eighty eight under the name Here, There and Everywhere. 28 00:01:20,000 --> 00:01:22,240 Speaker 1: Now they run more than fifty eight radio stations in 29 00:01:22,319 --> 00:01:26,000 Speaker 1: thirty three different markets, including Kiss and Gold and iHeart 30 00:01:26,000 --> 00:01:26,560 Speaker 1: in Australia. 31 00:01:26,640 --> 00:01:29,240 Speaker 2: But Jazi Boy twenty twenty four has not been kind 32 00:01:29,319 --> 00:01:31,520 Speaker 2: to ARN Media. No, no, no, It's seen at share 33 00:01:31,520 --> 00:01:34,120 Speaker 2: price four by more than twenty seven percent. It has 34 00:01:34,200 --> 00:01:37,679 Speaker 2: been unsuccessful in its attempted acquisition of Southern Cross Media, 35 00:01:37,760 --> 00:01:39,919 Speaker 2: which is the owner of Triple M and Hit FM. 36 00:01:39,920 --> 00:01:42,160 Speaker 1: But now be man, Aarn's been hit one more time 37 00:01:42,200 --> 00:01:44,520 Speaker 1: because it's warned that it's going to cut twenty million 38 00:01:44,560 --> 00:01:46,479 Speaker 1: dollars in costs to free up cash. 39 00:01:46,680 --> 00:01:49,680 Speaker 2: This means cutting between thirty and fifty staff from its team. 40 00:01:49,800 --> 00:01:51,680 Speaker 1: What's the reason for this need to free up cash? 41 00:01:51,760 --> 00:01:52,160 Speaker 1: Right now? 42 00:01:52,320 --> 00:01:55,000 Speaker 2: Well, AARN has struggled to grow its revenue at all 43 00:01:55,120 --> 00:01:58,120 Speaker 2: over the past two years, and its profit has been dipping. 44 00:01:58,240 --> 00:01:59,840 Speaker 1: And be man, you got to remember they've got a 45 00:02:00,160 --> 00:02:02,960 Speaker 1: their radio star performers to keep the mics on, in 46 00:02:03,000 --> 00:02:06,120 Speaker 1: particular their ten year, two hundred million dollar deal to 47 00:02:06,160 --> 00:02:08,720 Speaker 1: keep Kyle and JACKIEO at the station. It's a really 48 00:02:08,800 --> 00:02:11,799 Speaker 1: way down their financial statements and right now this investment 49 00:02:11,840 --> 00:02:14,639 Speaker 1: to take Kyle and Jackio national hasn't really paid off. 50 00:02:14,680 --> 00:02:16,680 Speaker 1: Big call for me, Jose boy. What is the key 51 00:02:16,720 --> 00:02:20,120 Speaker 1: learning here? Well, big ticket investments can amplify success, they 52 00:02:20,120 --> 00:02:23,560 Speaker 1: can also amplify risks. Our end, the two hundred million 53 00:02:23,600 --> 00:02:26,400 Speaker 1: dollar contract was designed to row their star performers out 54 00:02:26,480 --> 00:02:28,720 Speaker 1: across all states in Australia and. 55 00:02:28,680 --> 00:02:31,399 Speaker 2: This would mean they need less talent, less producers, less 56 00:02:31,440 --> 00:02:34,600 Speaker 2: audio engineers, less everything that comes with making a radio show. 57 00:02:34,600 --> 00:02:36,800 Speaker 1: But they made so far it hasn't worked out for 58 00:02:36,840 --> 00:02:37,680 Speaker 1: them as they planned. 59 00:02:37,760 --> 00:02:40,519 Speaker 2: In fact, their show's audience is down twenty seven percent 60 00:02:40,560 --> 00:02:41,680 Speaker 2: compared to last year and. 61 00:02:41,600 --> 00:02:44,400 Speaker 1: They're sitting in eighth position nationally for audience numbers. 62 00:02:44,600 --> 00:02:47,120 Speaker 2: So JUSEI wait, this is a reminder that businesses need 63 00:02:47,200 --> 00:02:49,800 Speaker 2: to diversify them revenue streams. 64 00:02:49,840 --> 00:02:50,040 Speaker 1: Yep. 65 00:02:50,240 --> 00:02:53,880 Speaker 2: For our second story, the Iconic is suing fast fashion 66 00:02:53,960 --> 00:02:57,920 Speaker 2: retailers she In for infringing on a trademarked name of 67 00:02:57,960 --> 00:02:59,040 Speaker 2: its in house label. 68 00:02:59,080 --> 00:03:01,160 Speaker 1: Feels like she is kind of baiting the Iconic with 69 00:03:01,200 --> 00:03:03,399 Speaker 1: this on, So tell me what's going on here. 70 00:03:03,440 --> 00:03:06,600 Speaker 2: Well, the Iconic is the Australian e commerce retailer that 71 00:03:06,720 --> 00:03:08,240 Speaker 2: launched in twenty eleven. 72 00:03:08,320 --> 00:03:10,160 Speaker 1: Yeah, and since then it's growing to become the most 73 00:03:10,160 --> 00:03:12,680 Speaker 1: popular fashion app in Australia and New Zealand with more 74 00:03:12,720 --> 00:03:14,640 Speaker 1: than six point eight million downloads. 75 00:03:14,639 --> 00:03:16,320 Speaker 2: But Jossy Boy, correct me if I'm wrong here, But 76 00:03:16,680 --> 00:03:19,680 Speaker 2: popularity doesn't always mean profitability. 77 00:03:19,840 --> 00:03:21,959 Speaker 1: No, no, no. In fact, the man, the Iconic's revenue 78 00:03:21,960 --> 00:03:24,240 Speaker 1: felt one hundred million dollars in twenty twenty three to 79 00:03:24,240 --> 00:03:26,120 Speaker 1: six hundred and fifteen million bucks, and. 80 00:03:26,080 --> 00:03:29,079 Speaker 2: Its losses quadrupled to forty seven mil. 81 00:03:28,960 --> 00:03:30,720 Speaker 1: So, man, it's fair to say that getting into a 82 00:03:30,760 --> 00:03:33,799 Speaker 1: trademark battle against she In, the sixty six billion US 83 00:03:33,880 --> 00:03:36,440 Speaker 1: dollar fast fashion retailer, would not have been on the 84 00:03:36,600 --> 00:03:39,440 Speaker 1: iconics bing go card. And nonetheless, Jossy Boy, here we 85 00:03:39,480 --> 00:03:42,720 Speaker 1: are exactly because the Iconic is now suing she In 86 00:03:42,840 --> 00:03:45,720 Speaker 1: for infringing on its trademark of its private label brand 87 00:03:45,760 --> 00:03:48,240 Speaker 1: called Daisy. That's da Zie. 88 00:03:48,480 --> 00:03:52,200 Speaker 2: That's because she In has a brand named Daisy daz 89 00:03:52,560 --> 00:03:54,680 Speaker 2: Y in Australia and that's been running for the last 90 00:03:54,720 --> 00:03:55,200 Speaker 2: few years. 91 00:03:55,280 --> 00:03:57,400 Speaker 1: And be man with the old legal little ping pong 92 00:03:57,440 --> 00:03:59,960 Speaker 1: going back and forth, she In promised to stop selling 93 00:04:00,080 --> 00:04:02,680 Speaker 1: it's Daisy brand. Except here's the thing, Jazzy boy, it 94 00:04:02,920 --> 00:04:07,080 Speaker 1: did not. Now the Iconic claims that Shean's made profits 95 00:04:07,200 --> 00:04:09,960 Speaker 1: they weren't entitled to by using the Daisy brand. So 96 00:04:10,080 --> 00:04:11,280 Speaker 1: what is the key learning here? 97 00:04:11,360 --> 00:04:14,280 Speaker 2: In the world of business, litigation can serve as more 98 00:04:14,320 --> 00:04:16,039 Speaker 2: than just a way to protect your rights. It can 99 00:04:16,080 --> 00:04:18,920 Speaker 2: become a strategic tool. The Iconics lawsuit against she In 100 00:04:19,040 --> 00:04:22,839 Speaker 2: does two things. Firstly, it defends against its ip and secondly, 101 00:04:22,920 --> 00:04:25,320 Speaker 2: it sends a strong message to the market about its 102 00:04:25,400 --> 00:04:28,479 Speaker 2: desire to protect their brand if anyone else tries something 103 00:04:28,560 --> 00:04:29,400 Speaker 2: similar the man. 104 00:04:29,440 --> 00:04:32,000 Speaker 1: We saw this recently when popstar Katy Perry soon an 105 00:04:32,040 --> 00:04:35,280 Speaker 1: Australian fashion designer who was selling clothes under her own name, 106 00:04:35,360 --> 00:04:37,680 Speaker 1: which happened to be Katy Perry as well, and she 107 00:04:37,760 --> 00:04:41,159 Speaker 1: won after many, many, many years. But Beman litigation strategy 108 00:04:41,200 --> 00:04:44,160 Speaker 1: isn't without its risks either yep, legal battles can drag 109 00:04:44,360 --> 00:04:47,240 Speaker 1: on for yoonks, and not to mention this can drain 110 00:04:47,360 --> 00:04:50,640 Speaker 1: financial resources please or a fortune and distract from the 111 00:04:50,680 --> 00:04:52,120 Speaker 1: core business operation. 112 00:04:51,800 --> 00:04:54,760 Speaker 2: Particularly when you're fighting against a global powerhouse like she In. 113 00:04:55,000 --> 00:04:58,400 Speaker 2: For our third and final story, bitcoin has passed through 114 00:04:58,440 --> 00:05:01,080 Speaker 2: the one hundred thousand US dollar barrier for the very 115 00:05:01,080 --> 00:05:04,040 Speaker 2: first time, and crypto bros and sisters are cheering its 116 00:05:04,040 --> 00:05:04,960 Speaker 2: price to the moon. 117 00:05:05,200 --> 00:05:08,039 Speaker 1: Still can't believe someone bought two pieces for ten thousand 118 00:05:08,040 --> 00:05:10,320 Speaker 1: big coins back in twenty ten, b man, so tell 119 00:05:10,360 --> 00:05:12,400 Speaker 1: me more, Well, juzzy boy, we know that bitcoin is 120 00:05:12,400 --> 00:05:15,360 Speaker 1: created by the man, the myth, the legend Setocin Nakamoto 121 00:05:15,680 --> 00:05:17,640 Speaker 1: back in two thousand and eight, and since then it's 122 00:05:17,680 --> 00:05:21,560 Speaker 1: become a lot more mainstream than just quirky coders and libertarians. 123 00:05:21,600 --> 00:05:23,800 Speaker 2: In fact, the number of ossies that had some form 124 00:05:23,800 --> 00:05:26,920 Speaker 2: of crypto is around twenty percent according to Fintech Australia, and. 125 00:05:26,880 --> 00:05:28,920 Speaker 1: Over the past fifteen years it's going through a number 126 00:05:28,920 --> 00:05:32,440 Speaker 1: of incredibly volatile cycles. But since Donald J. 127 00:05:32,640 --> 00:05:34,839 Speaker 2: Trump was elected as the next president of the US, 128 00:05:34,880 --> 00:05:37,240 Speaker 2: bitcoin is rallied by more than forty five percent and 129 00:05:37,279 --> 00:05:40,240 Speaker 2: now Bitcoin's broken through the one hundred thousand US dollar 130 00:05:40,279 --> 00:05:43,120 Speaker 2: barrier for the first time in its history and justin 131 00:05:43,360 --> 00:05:46,360 Speaker 2: m While it doesn't actually have any technical significance, it 132 00:05:46,440 --> 00:05:48,599 Speaker 2: does have a psychological significance. 133 00:05:48,960 --> 00:05:50,400 Speaker 1: So what is the key learning here? 134 00:05:50,560 --> 00:05:53,480 Speaker 2: Investing is as much about mindset as it is about money. 135 00:05:53,520 --> 00:05:55,400 Speaker 1: You see be Man. When it comes to investing, there 136 00:05:55,400 --> 00:05:59,599 Speaker 1: are often psychological barriers around particular investments. These are the 137 00:05:59,680 --> 00:06:02,880 Speaker 1: in visa walls that many investors create around their investments, 138 00:06:02,920 --> 00:06:03,400 Speaker 1: and be Man. 139 00:06:03,560 --> 00:06:06,920 Speaker 2: Round numbers like one hundred thousand dollars fuels monumental, so 140 00:06:07,000 --> 00:06:10,679 Speaker 2: people actually behave differently. Some investors will panic and sell 141 00:06:10,720 --> 00:06:11,960 Speaker 2: worried it will never. 142 00:06:11,800 --> 00:06:14,159 Speaker 1: Go higher, and others buy in fearing they're going to 143 00:06:14,200 --> 00:06:15,400 Speaker 1: miss the ride to the mood. 144 00:06:15,440 --> 00:06:18,640 Speaker 2: But He's the secret. These barriers are very much mental 145 00:06:19,080 --> 00:06:19,560 Speaker 2: and be Man. 146 00:06:19,640 --> 00:06:23,400 Speaker 1: The value of an asset doesn't magically fundamentally change because 147 00:06:23,440 --> 00:06:25,560 Speaker 1: it hits a nice round number yep. 148 00:06:25,680 --> 00:06:29,080 Speaker 2: Successful investors they zoom out, They focus on long term goals, 149 00:06:29,080 --> 00:06:31,560 Speaker 2: and they don't let shiny milestones mess with their strategy. 150 00:06:31,560 --> 00:06:33,920 Speaker 1: Flex am if you hate saving money and don't want 151 00:06:33,960 --> 00:06:36,240 Speaker 1: to find any of the subscriptions that you're not actually using. 152 00:06:36,360 --> 00:06:38,719 Speaker 1: We highly recommend not checking out the Flux out, but 153 00:06:38,720 --> 00:06:40,599 Speaker 1: if you do want to save money, there is only 154 00:06:40,680 --> 00:06:42,680 Speaker 1: one place to go where the average flux you use. 155 00:06:42,680 --> 00:06:44,960 Speaker 1: To save three hundred and fifty dollars, make sure to 156 00:06:44,960 --> 00:06:47,520 Speaker 1: download the Flux oup, check out the subscription tracker, and 157 00:06:47,640 --> 00:06:50,560 Speaker 1: save money today. Thanks for listening, and we'll see you 158 00:06:50,640 --> 00:06:51,280 Speaker 1: on Wednesday.