Speaker 1: This is what the Flux. I'm Brett Mada, I'm justin
Speaker 1: and it's Monday, the ninth of December. Josey Boy.
Speaker 2: We know there's a race to win at AI at
Speaker 2: the moment, and tech companies are trying to develop a
Speaker 2: million and one use cases. And now Google has said
Speaker 2: it's developed a new AI model that can quote identify
Speaker 2: emotions for does boy. While this sounds like a pretty
Speaker 2: significant and scary breakthrough, many researchers are pretty skeptical, So
Speaker 2: we'll have to put it to the test ourselves. Google
Speaker 2: send us the Pally and Gemma two man. We run
Speaker 2: the numbers, and the average Flux user who's used.
Speaker 1: Our subscription tracker has saved over three hundred and fifty
Speaker 1: dollars in the last two months a loan. Wow.
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Speaker 2: We are saving money left right in Sander for Flux users,
Speaker 2: so make sure to download the Flux app and check
Speaker 2: out the Subscription track app. Three highly beneficial stories today,
Speaker 2: Josie Boy, Let's do it for our first. Arn Media,
Speaker 2: the company behind radio stations Kiss FM and Goal, is
Speaker 2: cutting twenty million dollars in costs as it tries to
Speaker 2: free up cash in a very tight radio market.
Speaker 1: Very toy must be Kyle and Jackie ob really hurting
Speaker 1: those purse strings, Bean and so Joeing Moore, Well, Josey Boy.
Speaker 2: AARN Media is an ouzzie media company founded in nineteen
Speaker 2: eighty eight under the name Here, There and Everywhere.
Speaker 1: Now they run more than fifty eight radio stations in
Speaker 1: thirty three different markets, including Kiss and Gold and iHeart
Speaker 1: in Australia.
Speaker 2: But Jazi Boy twenty twenty four has not been kind
Speaker 2: to ARN Media. No, no, no, It's seen at share
Speaker 2: price four by more than twenty seven percent. It has
Speaker 2: been unsuccessful in its attempted acquisition of Southern Cross Media,
Speaker 2: which is the owner of Triple M and Hit FM.
Speaker 1: But now be man, Aarn's been hit one more time
Speaker 1: because it's warned that it's going to cut twenty million
Speaker 1: dollars in costs to free up cash.
Speaker 2: This means cutting between thirty and fifty staff from its team.
Speaker 1: What's the reason for this need to free up cash?
Speaker 1: Right now?
Speaker 2: Well, AARN has struggled to grow its revenue at all
Speaker 2: over the past two years, and its profit has been dipping.
Speaker 1: And be man, you got to remember they've got a
Speaker 1: their radio star performers to keep the mics on, in
Speaker 1: particular their ten year, two hundred million dollar deal to
Speaker 1: keep Kyle and JACKIEO at the station. It's a really
Speaker 1: way down their financial statements and right now this investment
Speaker 1: to take Kyle and Jackio national hasn't really paid off.
Speaker 1: Big call for me, Jose boy. What is the key
Speaker 1: learning here? Well, big ticket investments can amplify success, they
Speaker 1: can also amplify risks. Our end, the two hundred million
Speaker 1: dollar contract was designed to row their star performers out
Speaker 1: across all states in Australia and.
Speaker 2: This would mean they need less talent, less producers, less
Speaker 2: audio engineers, less everything that comes with making a radio show.
Speaker 1: But they made so far it hasn't worked out for
Speaker 1: them as they planned.
Speaker 2: In fact, their show's audience is down twenty seven percent
Speaker 2: compared to last year and.
Speaker 1: They're sitting in eighth position nationally for audience numbers.
Speaker 2: So JUSEI wait, this is a reminder that businesses need
Speaker 2: to diversify them revenue streams.
Speaker 1: Yep.
Speaker 2: For our second story, the Iconic is suing fast fashion
Speaker 2: retailers she In for infringing on a trademarked name of
Speaker 2: its in house label.
Speaker 1: Feels like she is kind of baiting the Iconic with
Speaker 1: this on, So tell me what's going on here.
Speaker 2: Well, the Iconic is the Australian e commerce retailer that
Speaker 2: launched in twenty eleven.
Speaker 1: Yeah, and since then it's growing to become the most
Speaker 1: popular fashion app in Australia and New Zealand with more
Speaker 1: than six point eight million downloads.
Speaker 2: But Jossy Boy, correct me if I'm wrong here, But
Speaker 2: popularity doesn't always mean profitability.
Speaker 1: No, no, no. In fact, the man, the Iconic's revenue
Speaker 1: felt one hundred million dollars in twenty twenty three to
Speaker 1: six hundred and fifteen million bucks, and.
Speaker 2: Its losses quadrupled to forty seven mil.
Speaker 1: So, man, it's fair to say that getting into a
Speaker 1: trademark battle against she In, the sixty six billion US
Speaker 1: dollar fast fashion retailer, would not have been on the
Speaker 1: iconics bing go card. And nonetheless, Jossy Boy, here we
Speaker 1: are exactly because the Iconic is now suing she In
Speaker 1: for infringing on its trademark of its private label brand
Speaker 1: called Daisy. That's da Zie.
Speaker 2: That's because she In has a brand named Daisy daz
Speaker 2: Y in Australia and that's been running for the last
Speaker 2: few years.
Speaker 1: And be man with the old legal little ping pong
Speaker 1: going back and forth, she In promised to stop selling
Speaker 1: it's Daisy brand. Except here's the thing, Jazzy boy, it
Speaker 1: did not. Now the Iconic claims that Shean's made profits
Speaker 1: they weren't entitled to by using the Daisy brand. So
Speaker 1: what is the key learning here?
Speaker 2: In the world of business, litigation can serve as more
Speaker 2: than just a way to protect your rights. It can
Speaker 2: become a strategic tool. The Iconics lawsuit against she In
Speaker 2: does two things. Firstly, it defends against its ip and secondly,
Speaker 2: it sends a strong message to the market about its
Speaker 2: desire to protect their brand if anyone else tries something
Speaker 2: similar the man.
Speaker 1: We saw this recently when popstar Katy Perry soon an
Speaker 1: Australian fashion designer who was selling clothes under her own name,
Speaker 1: which happened to be Katy Perry as well, and she
Speaker 1: won after many, many, many years. But Beman litigation strategy
Speaker 1: isn't without its risks either yep, legal battles can drag
Speaker 1: on for yoonks, and not to mention this can drain
Speaker 1: financial resources please or a fortune and distract from the
Speaker 1: core business operation.
Speaker 2: Particularly when you're fighting against a global powerhouse like she In.
Speaker 2: For our third and final story, bitcoin has passed through
Speaker 2: the one hundred thousand US dollar barrier for the very
Speaker 2: first time, and crypto bros and sisters are cheering its
Speaker 2: price to the moon.
Speaker 1: Still can't believe someone bought two pieces for ten thousand
Speaker 1: big coins back in twenty ten, b man, so tell
Speaker 1: me more, Well, juzzy boy, we know that bitcoin is
Speaker 1: created by the man, the myth, the legend Setocin Nakamoto
Speaker 1: back in two thousand and eight, and since then it's
Speaker 1: become a lot more mainstream than just quirky coders and libertarians.
Speaker 2: In fact, the number of ossies that had some form
Speaker 2: of crypto is around twenty percent according to Fintech Australia, and.
Speaker 1: Over the past fifteen years it's going through a number
Speaker 1: of incredibly volatile cycles. But since Donald J.
Speaker 2: Trump was elected as the next president of the US,
Speaker 2: bitcoin is rallied by more than forty five percent and
Speaker 2: now Bitcoin's broken through the one hundred thousand US dollar
Speaker 2: barrier for the first time in its history and justin
Speaker 2: m While it doesn't actually have any technical significance, it
Speaker 2: does have a psychological significance.
Speaker 1: So what is the key learning here?
Speaker 2: Investing is as much about mindset as it is about money.
Speaker 1: You see be Man. When it comes to investing, there
Speaker 1: are often psychological barriers around particular investments. These are the
Speaker 1: in visa walls that many investors create around their investments,
Speaker 1: and be Man.
Speaker 2: Round numbers like one hundred thousand dollars fuels monumental, so
Speaker 2: people actually behave differently. Some investors will panic and sell
Speaker 2: worried it will never.
Speaker 1: Go higher, and others buy in fearing they're going to
Speaker 1: miss the ride to the mood.
Speaker 2: But He's the secret. These barriers are very much mental
Speaker 2: and be Man.
Speaker 1: The value of an asset doesn't magically fundamentally change because
Speaker 1: it hits a nice round number yep.
Speaker 2: Successful investors they zoom out, They focus on long term goals,
Speaker 2: and they don't let shiny milestones mess with their strategy.
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Speaker 1: on Wednesday.