1 00:00:01,480 --> 00:00:10,400 Speaker 1: Welcome to Stuff You Should Know, a production of iHeartRadio. 2 00:00:11,200 --> 00:00:13,640 Speaker 2: Hey, and welcome to the podcast. I'm Josh and there's 3 00:00:13,760 --> 00:00:17,040 Speaker 2: Chuck and this is Stuff you Should Know one of 4 00:00:17,079 --> 00:00:21,040 Speaker 2: our Really, it's been a while top ten editions where 5 00:00:21,040 --> 00:00:22,799 Speaker 2: we don't actually do top ten. 6 00:00:23,320 --> 00:00:25,840 Speaker 1: Yeah. Some people out there are like, what in the 7 00:00:25,840 --> 00:00:28,920 Speaker 1: world are you talking about, And some people are like, 8 00:00:28,960 --> 00:00:32,200 Speaker 1: oh my gosh, this reminds me of the old days, 9 00:00:32,840 --> 00:00:41,400 Speaker 1: back in the two thousand and oh, I don't know, tens, eights, nine, thirteens. 10 00:00:40,880 --> 00:00:43,360 Speaker 2: Oh yeah, thirteen was lousy with top tens, I think. 11 00:00:43,640 --> 00:00:45,479 Speaker 1: Yeah, we used to do all a lot of these 12 00:00:45,520 --> 00:00:46,879 Speaker 1: top well not a lot, but we used to do 13 00:00:46,920 --> 00:00:48,720 Speaker 1: top tens from the old House Stuff Works website, and 14 00:00:49,360 --> 00:00:54,640 Speaker 1: it seems like they never had ten great entries. So 15 00:00:54,680 --> 00:00:57,080 Speaker 1: we would just on the fly say oh, let's not 16 00:00:57,120 --> 00:01:00,640 Speaker 1: do this one. But we were better now we're professional. Yeah, 17 00:01:00,680 --> 00:01:03,480 Speaker 1: so we got together beforehand and said, well, let's just 18 00:01:03,520 --> 00:01:05,520 Speaker 1: do these eight and Yeah. 19 00:01:05,760 --> 00:01:08,039 Speaker 2: It feels weird to know ahead of time what we're 20 00:01:08,080 --> 00:01:10,679 Speaker 2: not going to do rather than just saying it in 21 00:01:10,720 --> 00:01:13,360 Speaker 2: the middle of recording. But I do feel like it 22 00:01:13,400 --> 00:01:14,360 Speaker 2: is more professional. 23 00:01:14,400 --> 00:01:15,560 Speaker 3: It's called growth, my friend. 24 00:01:16,240 --> 00:01:19,039 Speaker 2: So we are not doing all ten. But there is 25 00:01:19,080 --> 00:01:22,200 Speaker 2: one that I think really kind of introduces this concept 26 00:01:22,760 --> 00:01:26,200 Speaker 2: out of the gate Chuck and it's concept. Oh oh yeah, 27 00:01:26,280 --> 00:01:29,480 Speaker 2: I forgot to talk about the concept. We're talking today 28 00:01:29,520 --> 00:01:32,360 Speaker 2: about bad business decisions. And you could call this the 29 00:01:32,440 --> 00:01:37,640 Speaker 2: shot and fraud hour, because if you are kind of 30 00:01:38,319 --> 00:01:41,320 Speaker 2: if you take a grim view of CEOs and captains 31 00:01:41,319 --> 00:01:44,040 Speaker 2: of industry and all that, this is like a chance 32 00:01:44,080 --> 00:01:45,640 Speaker 2: to really kind of poke fun at people have made 33 00:01:45,680 --> 00:01:48,160 Speaker 2: some really terrible decisions over the years. 34 00:01:48,920 --> 00:01:51,920 Speaker 1: Not all great decisions over the years. Sometimes they're bad. 35 00:01:52,240 --> 00:01:53,520 Speaker 1: We're here to talk about eight of them. 36 00:01:53,760 --> 00:01:57,200 Speaker 2: But hey, the games you never won are the ones 37 00:01:57,240 --> 00:02:01,360 Speaker 2: you didn't start playing in that saying is that it? 38 00:02:01,720 --> 00:02:04,320 Speaker 1: I don't know if that's it, but that that totally 39 00:02:04,360 --> 00:02:07,440 Speaker 1: makes sense to me. So I'm saying, yes, okay, good, 40 00:02:08,240 --> 00:02:10,000 Speaker 1: so you only missed the shots you don't take. 41 00:02:11,000 --> 00:02:13,600 Speaker 2: Yeah, that's much better than mine, But I like yours. 42 00:02:14,080 --> 00:02:17,839 Speaker 2: I undermined our professional spiel at the beginning just now. 43 00:02:19,200 --> 00:02:24,640 Speaker 2: So there's a pretty well worn story about how Alexander 44 00:02:24,680 --> 00:02:27,400 Speaker 2: Graham Bell invented the telephone and went to Western Union 45 00:02:28,080 --> 00:02:33,520 Speaker 2: and said, hey, you captains of Communication, you guys rule 46 00:02:33,639 --> 00:02:37,120 Speaker 2: the world as far as long distance communication goes, I've 47 00:02:37,160 --> 00:02:39,720 Speaker 2: got this neat invention, why don't you buy it from 48 00:02:39,720 --> 00:02:42,240 Speaker 2: me for one hundred thousand dollars? And the heads at 49 00:02:42,280 --> 00:02:46,119 Speaker 2: Western Union said, that is ridiculous. Nobody's gonna want this thing. 50 00:02:46,400 --> 00:02:49,679 Speaker 2: Hit the bricks, and Alexander Graham Bell just went off 51 00:02:49,680 --> 00:02:53,480 Speaker 2: and created his own phone company. And those patents that 52 00:02:53,520 --> 00:02:56,600 Speaker 2: he received turned out to be what are widely considered 53 00:02:56,600 --> 00:02:59,760 Speaker 2: the most valuable patents ever issued in the United States. 54 00:03:00,120 --> 00:03:02,760 Speaker 2: And some pretty valuable patents have been issued like this 55 00:03:02,880 --> 00:03:06,320 Speaker 2: is not we're not talking about some also ran patent. 56 00:03:06,680 --> 00:03:09,440 Speaker 2: This is the patent of patents, right, you beat up 57 00:03:09,440 --> 00:03:13,600 Speaker 2: the squatty potty oh by far, like by twice as 58 00:03:13,680 --> 00:03:17,760 Speaker 2: valuable even maybe but probably more so. But it just 59 00:03:17,840 --> 00:03:20,480 Speaker 2: kind of goes to show you, like it's easy to 60 00:03:20,520 --> 00:03:24,520 Speaker 2: say haha at Western Union. But it also is a 61 00:03:24,560 --> 00:03:28,400 Speaker 2: teachable moment, as Oprah would say, because if you dig 62 00:03:28,440 --> 00:03:31,560 Speaker 2: into the story, you find that when Alexander Graham Bell 63 00:03:31,600 --> 00:03:35,200 Speaker 2: invented the telephone, he didn't invent the telephone so you 64 00:03:35,280 --> 00:03:37,920 Speaker 2: and I could pick up a receiver and talk to 65 00:03:37,960 --> 00:03:40,600 Speaker 2: one another on either end. He basically invented it to 66 00:03:40,600 --> 00:03:44,280 Speaker 2: be the radio. Before radio, the intent was for you 67 00:03:44,400 --> 00:03:46,720 Speaker 2: to sit in a room and somebody on the other 68 00:03:46,800 --> 00:03:49,920 Speaker 2: end of the telephone line in a different city perform 69 00:03:50,040 --> 00:03:53,800 Speaker 2: a play or read a monologue, or play a symphony, 70 00:03:54,000 --> 00:03:55,520 Speaker 2: and you were going to sit there and listen. You 71 00:03:55,560 --> 00:03:58,200 Speaker 2: weren't supposed to talk back. That was the idea. So 72 00:03:58,280 --> 00:04:00,880 Speaker 2: if you put it in that context, yestern Union doesn't 73 00:04:00,880 --> 00:04:03,880 Speaker 2: seem so dumb anyway. So I think it's a reminder 74 00:04:03,920 --> 00:04:07,160 Speaker 2: to keep in mind in most of these cases, hindsight 75 00:04:07,240 --> 00:04:11,120 Speaker 2: is twenty twenty, and that there is a lot of 76 00:04:11,680 --> 00:04:16,320 Speaker 2: exacerbating circumstances and that nothing's ever that one sided. But 77 00:04:16,400 --> 00:04:18,039 Speaker 2: it's still kind of fun to think about. 78 00:04:18,800 --> 00:04:20,880 Speaker 1: Yeah, And you know what a great example of that 79 00:04:20,960 --> 00:04:22,760 Speaker 1: hindsight being twenty twenty is. 80 00:04:23,560 --> 00:04:25,359 Speaker 3: I'm gonna go with this one is when. 81 00:04:25,440 --> 00:04:30,520 Speaker 1: Excite did not buy Google just call it an audible. 82 00:04:30,800 --> 00:04:35,240 Speaker 1: Everybody remembers Excite, or you may not, but if it 83 00:04:35,279 --> 00:04:38,599 Speaker 1: sounds familiar and you look up the Excite logo, that 84 00:04:38,600 --> 00:04:43,360 Speaker 1: you will immediately, probably if you were of a certain age, go, oh, yeah, 85 00:04:43,440 --> 00:04:46,159 Speaker 1: I remember Excite. They didn't really stand out to me 86 00:04:46,279 --> 00:04:48,960 Speaker 1: when I was researching this until I went and saw 87 00:04:49,000 --> 00:04:50,559 Speaker 1: it and I was like, oh, yeah, I remember those guys. 88 00:04:50,600 --> 00:04:54,159 Speaker 1: I did not ever use it. But Excite dot com, 89 00:04:54,279 --> 00:04:57,640 Speaker 1: believe it or not, is still around and in one 90 00:04:57,960 --> 00:05:01,200 Speaker 1: of what will be two a bit of serendipity with 91 00:05:01,240 --> 00:05:06,320 Speaker 1: this episode releasing now, Excite is literally ending their email 92 00:05:06,360 --> 00:05:07,480 Speaker 1: program this month. 93 00:05:08,200 --> 00:05:10,560 Speaker 2: I know that's what prompted this episode. 94 00:05:10,800 --> 00:05:11,359 Speaker 1: Is it really? 95 00:05:11,520 --> 00:05:11,560 Speaker 4: No? 96 00:05:12,120 --> 00:05:13,120 Speaker 1: Oh? 97 00:05:13,240 --> 00:05:14,200 Speaker 2: I had no idea. 98 00:05:14,600 --> 00:05:16,839 Speaker 1: Well, because what's funny is I made fun of Emily 99 00:05:16,960 --> 00:05:19,160 Speaker 1: up until about a year ago because she's still paid 100 00:05:19,160 --> 00:05:20,159 Speaker 1: for a MindSpring email. 101 00:05:20,360 --> 00:05:20,640 Speaker 4: No. 102 00:05:21,240 --> 00:05:22,760 Speaker 3: Yes, because she's like, I've had. 103 00:05:22,600 --> 00:05:26,520 Speaker 1: This email for twenty years and like everybody's got it 104 00:05:26,560 --> 00:05:29,400 Speaker 1: and I can't. Like she was locked in, she felt like, 105 00:05:30,400 --> 00:05:33,000 Speaker 1: but she waited it out eventually because I think they 106 00:05:33,000 --> 00:05:34,159 Speaker 1: may have stopped supporting it as well. 107 00:05:34,200 --> 00:05:34,680 Speaker 3: I'm not sure. 108 00:05:34,720 --> 00:05:37,880 Speaker 2: Oh, but they still kept taking her money, right. 109 00:05:37,800 --> 00:05:41,440 Speaker 1: Maybe I don't know. Anyway, Excite. If you go to 110 00:05:41,560 --> 00:05:45,400 Speaker 1: Excite dot com today, you will laugh because you will 111 00:05:45,440 --> 00:05:49,440 Speaker 1: see what is a very old school looking internet site. 112 00:05:50,120 --> 00:05:52,640 Speaker 1: It's like a list of it's a news scroll, like 113 00:05:52,680 --> 00:05:56,360 Speaker 1: a list of headlines. It's got these little icons that 114 00:05:56,520 --> 00:05:59,760 Speaker 1: I assume they pay to be on there because it's 115 00:05:59,800 --> 00:06:04,920 Speaker 1: like Amazon, eBay, State Farm and Casper Mattress like prominent 116 00:06:05,160 --> 00:06:08,200 Speaker 1: icons as if this website is the place to go 117 00:06:08,240 --> 00:06:08,720 Speaker 1: to get to. 118 00:06:08,680 --> 00:06:09,720 Speaker 3: Those other places. 119 00:06:10,680 --> 00:06:12,880 Speaker 1: And then on the left rail you will see a 120 00:06:12,960 --> 00:06:16,520 Speaker 1: list of things like email, which of course is going defunct, 121 00:06:17,240 --> 00:06:19,600 Speaker 1: a bunch of redirects like weather it goes to acuweather 122 00:06:19,720 --> 00:06:24,479 Speaker 1: sports goes to ESPN, and then entertainment, travel, finance, and 123 00:06:24,640 --> 00:06:26,800 Speaker 1: games all goes to ask dot com. 124 00:06:27,120 --> 00:06:31,279 Speaker 2: Wow, apparently Excite was that's today. I thought Excite turned 125 00:06:31,320 --> 00:06:34,040 Speaker 2: into ask dot COMO. Apparently there's separate. 126 00:06:34,000 --> 00:06:36,920 Speaker 1: Oh okay, they clearly like each other because they link 127 00:06:37,880 --> 00:06:39,559 Speaker 1: four different things to ask dot com. 128 00:06:39,600 --> 00:06:42,400 Speaker 2: And do you know, of course ask dot com started 129 00:06:42,400 --> 00:06:43,560 Speaker 2: out as ask jeeves. 130 00:06:43,680 --> 00:06:46,479 Speaker 3: Remember that I thought it was. I just couldn't remember 131 00:06:46,520 --> 00:06:46,880 Speaker 3: for sure. 132 00:06:46,960 --> 00:06:50,039 Speaker 2: So these are search engines. Some of them were Yahoo 133 00:06:50,080 --> 00:06:56,039 Speaker 2: apparently categorized the entire Internet by category strangely enough. But 134 00:06:56,839 --> 00:07:00,360 Speaker 2: Excite supposedly was a search engine. It just wasn't super good. 135 00:07:01,279 --> 00:07:05,320 Speaker 2: And there's a story out there, Chuck that the search 136 00:07:05,400 --> 00:07:09,600 Speaker 2: engine was purposefully not super good because these search engines 137 00:07:09,680 --> 00:07:12,000 Speaker 2: used to be called web portals. That was, you would 138 00:07:12,040 --> 00:07:15,480 Speaker 2: go to Excite first search what you're searching for, and 139 00:07:15,480 --> 00:07:17,920 Speaker 2: then hopefully while you were there taking a bunch of ads. 140 00:07:17,960 --> 00:07:21,200 Speaker 2: So the longer you stayed on Excite before leaving and 141 00:07:21,240 --> 00:07:23,560 Speaker 2: going off into the Internet, the better it was for 142 00:07:23,640 --> 00:07:27,280 Speaker 2: Excite's bottom line. So their search wasn't that great. And 143 00:07:27,360 --> 00:07:31,280 Speaker 2: that is an explanation from one of the people who 144 00:07:32,680 --> 00:07:36,560 Speaker 2: who was part of this deal for why Excite passed 145 00:07:36,600 --> 00:07:37,120 Speaker 2: on Google. 146 00:07:37,720 --> 00:07:39,400 Speaker 3: Yeah, and they weren't just a search engine. 147 00:07:39,440 --> 00:07:42,280 Speaker 1: They were a they're like what they are today still, 148 00:07:42,280 --> 00:07:44,760 Speaker 1: they were an aggregator. They had new scrolls and stuff 149 00:07:44,800 --> 00:07:48,119 Speaker 1: like that. It was almost like a a front page 150 00:07:48,120 --> 00:07:49,760 Speaker 1: of a newspaper that you would go to. 151 00:07:50,160 --> 00:07:54,840 Speaker 2: Right, but a really like super low fi newspaper. 152 00:07:55,280 --> 00:07:59,960 Speaker 1: Yeah. So Google comes around. This is nineteen ninety nine 153 00:08:00,880 --> 00:08:04,680 Speaker 1: Larry Page and Sarah Gibrinn said, all right, we got 154 00:08:04,680 --> 00:08:09,720 Speaker 1: this thing. It's basically like an algorithm essentially at this point, 155 00:08:10,320 --> 00:08:13,640 Speaker 1: and we could sell it to you Excite for a 156 00:08:13,680 --> 00:08:16,120 Speaker 1: million bucks. And then they balked and they said, all right, 157 00:08:16,160 --> 00:08:19,800 Speaker 1: how about seven hundred and fifty thousand dollars And they said, no, well, 158 00:08:19,800 --> 00:08:23,280 Speaker 1: we're Excite. Why do we need you this weird search 159 00:08:23,280 --> 00:08:26,760 Speaker 1: engine that isn't even really a search engine yet? And 160 00:08:27,600 --> 00:08:30,680 Speaker 1: I think this is one clear example of hindsight being 161 00:08:30,720 --> 00:08:34,240 Speaker 1: twenty twenty because no one could have predicted what Google 162 00:08:34,280 --> 00:08:34,800 Speaker 1: would become. 163 00:08:35,280 --> 00:08:38,200 Speaker 2: Absolutely not. And so the CEO of Excite, George Bell, 164 00:08:38,360 --> 00:08:40,680 Speaker 2: is known as the guy who passed up on buying 165 00:08:40,679 --> 00:08:44,840 Speaker 2: Google for less than a million dollars. Right, But he's like, hey, hey, hey, 166 00:08:45,400 --> 00:08:49,880 Speaker 2: I'm not some dummy like these guys wanted to gut 167 00:08:50,040 --> 00:08:54,320 Speaker 2: Excite search engine and put in the Google search algorithm instead, 168 00:08:54,559 --> 00:08:57,360 Speaker 2: And I was dedicated to my engineering team. They had 169 00:08:57,440 --> 00:08:59,520 Speaker 2: worked really hard to create the search engine that I 170 00:08:59,520 --> 00:09:02,360 Speaker 2: thought was perfectly fine, and I wasn't about to completely 171 00:09:02,400 --> 00:09:07,839 Speaker 2: poison our culture for Google. And Google's people said no, Actually, 172 00:09:07,920 --> 00:09:09,800 Speaker 2: what happened was we made a bake off between their 173 00:09:09,840 --> 00:09:12,200 Speaker 2: search engine and our search in it, and their stuff 174 00:09:12,240 --> 00:09:15,280 Speaker 2: came back with terrible stuff. Our stuff came back with 175 00:09:15,360 --> 00:09:17,760 Speaker 2: really good stuff, and they were like, this is too good. 176 00:09:17,800 --> 00:09:20,720 Speaker 2: People are going to immediately leave Excite, so we don't 177 00:09:20,720 --> 00:09:23,959 Speaker 2: want your your algorithm. Those are the two competing stories 178 00:09:23,960 --> 00:09:27,920 Speaker 2: for why this didn't happen. Amazing, It is amazing bad 179 00:09:27,960 --> 00:09:32,520 Speaker 2: business decisions still though, sure, absolutely all. 180 00:09:32,520 --> 00:09:35,160 Speaker 1: Right, where should we go next? We might not even 181 00:09:35,160 --> 00:09:38,800 Speaker 1: get to eid everybody. That's how exciting these episodes are 182 00:09:39,640 --> 00:09:40,800 Speaker 1: I'm gonna go with Kodak. 183 00:09:41,000 --> 00:09:42,560 Speaker 2: I was gonna go with Kodak too. 184 00:09:43,160 --> 00:09:48,680 Speaker 1: Everyone that grew up in the pre digital revolution remembers 185 00:09:48,760 --> 00:09:53,120 Speaker 1: Kodak as the photograph company, the film paper Company, the 186 00:09:53,160 --> 00:09:57,080 Speaker 1: film stock company. Founded in eighteen eighty out of New York, 187 00:09:57,559 --> 00:10:01,599 Speaker 1: they controlled ninety percent of the film market into the 188 00:10:01,679 --> 00:10:04,040 Speaker 1: late seventies and about eighty five percent of the camera 189 00:10:04,120 --> 00:10:08,760 Speaker 1: market and employed about sixty thousand people. And in the 190 00:10:08,760 --> 00:10:13,439 Speaker 1: mid seventies there was a engineer there named Steve Sassin 191 00:10:13,520 --> 00:10:17,800 Speaker 1: who basically figured out digital photography. He was experimenting with 192 00:10:17,840 --> 00:10:21,200 Speaker 1: something called a charged couple device a CCD, and he 193 00:10:21,320 --> 00:10:24,719 Speaker 1: figured out how to translate an image into ones and 194 00:10:24,840 --> 00:10:29,080 Speaker 1: zeros and built the very first digital camera. It was 195 00:10:29,120 --> 00:10:33,360 Speaker 1: a one hundred thousand pixel image, which is pretty cute 196 00:10:33,360 --> 00:10:35,000 Speaker 1: this point zero one megapixels. 197 00:10:35,000 --> 00:10:35,880 Speaker 2: It's a little grainy. 198 00:10:36,400 --> 00:10:40,200 Speaker 1: And went to the bosses and said, hey, like, this 199 00:10:40,240 --> 00:10:42,400 Speaker 1: is the future, guys, this is what we should do. 200 00:10:42,840 --> 00:10:46,040 Speaker 1: And Kodak said, oh, well, I'm not so sure about that. 201 00:10:46,520 --> 00:10:49,680 Speaker 2: So yes, there were some people in Kodek that were like, 202 00:10:49,720 --> 00:10:53,360 Speaker 2: this is dangerous man. We're like, our money is in 203 00:10:53,559 --> 00:10:57,200 Speaker 2: print photographs. Our money is in regular cameras, and there 204 00:10:57,240 --> 00:11:00,000 Speaker 2: was another group in Kodek that was like, this guy's right, 205 00:11:00,000 --> 00:11:02,560 Speaker 2: Steve Sassin's right, this is the future. And they did 206 00:11:02,640 --> 00:11:08,040 Speaker 2: invest billions of dollars in developing a digital camera whole outfit, 207 00:11:08,600 --> 00:11:11,400 Speaker 2: and those conservative forces managed to keep it back, keep 208 00:11:11,440 --> 00:11:14,280 Speaker 2: it back, and then finally, by the time Kodak joined 209 00:11:14,600 --> 00:11:17,880 Speaker 2: the digital camera revolution, they had been passed by. So 210 00:11:18,000 --> 00:11:20,920 Speaker 2: not only did they miss the digital camera revolution despite 211 00:11:21,000 --> 00:11:25,120 Speaker 2: having invented it, they also wasted billions of dollars on 212 00:11:25,200 --> 00:11:28,280 Speaker 2: their digital camera division that never got to really get 213 00:11:28,280 --> 00:11:31,160 Speaker 2: a good start, So it was just a complete waste, 214 00:11:31,200 --> 00:11:35,360 Speaker 2: Like this is this is a genuinely bad business decision, Chuck. 215 00:11:35,880 --> 00:11:40,280 Speaker 1: Yeah, but they had the disc camera, remember those. Yes, 216 00:11:41,240 --> 00:11:45,840 Speaker 1: that was the big Kodak product that was. It wasn't digital, 217 00:11:45,880 --> 00:11:48,800 Speaker 1: but it was a little film wheel. It was a 218 00:11:48,840 --> 00:11:53,600 Speaker 1: disc and it was a little flat camera. I remember 219 00:11:53,679 --> 00:11:55,720 Speaker 1: that was all the rage, so I wanted them. 220 00:11:55,760 --> 00:11:56,640 Speaker 3: It was a very big deal. 221 00:11:56,840 --> 00:11:59,240 Speaker 2: I see that now. Yeah, that does kind of take 222 00:11:59,280 --> 00:12:03,920 Speaker 2: me back. Yeah, did you have one? No, Fisher Price 223 00:12:03,960 --> 00:12:05,080 Speaker 2: made one. Did you have that one? 224 00:12:05,720 --> 00:12:05,800 Speaker 4: No? 225 00:12:06,360 --> 00:12:07,920 Speaker 2: Yeah, I didn't have either either. 226 00:12:08,440 --> 00:12:11,280 Speaker 1: Yeah, you and I had similar upbringings. We didn't get 227 00:12:11,280 --> 00:12:12,200 Speaker 1: the best toys. 228 00:12:12,480 --> 00:12:18,079 Speaker 2: No, but apparently those Then the early nineties, when digital 229 00:12:18,160 --> 00:12:20,679 Speaker 2: cameras came out, they were like one thousand dollars, but 230 00:12:20,720 --> 00:12:23,080 Speaker 2: they could only store like eight pictures at a time. 231 00:12:23,400 --> 00:12:25,240 Speaker 2: Like you could take eight pictures and then you had 232 00:12:25,240 --> 00:12:26,920 Speaker 2: to plug it into your computer and up though those 233 00:12:26,960 --> 00:12:30,680 Speaker 2: eight pictures, format the disc and then start over again. 234 00:12:31,120 --> 00:12:31,320 Speaker 3: Yeah. 235 00:12:31,320 --> 00:12:34,760 Speaker 1: God, bless you early adopters, but it usually pays, in 236 00:12:34,840 --> 00:12:37,679 Speaker 1: my experience, to wait a little bit on the tech 237 00:12:37,720 --> 00:12:40,920 Speaker 1: to figure itself out. For sure, like the first flat 238 00:12:40,920 --> 00:12:42,719 Speaker 1: screen TVs. Remember how expensive those were? 239 00:12:42,880 --> 00:12:45,280 Speaker 2: Oh my god. But it's the early adopters who drive 240 00:12:45,320 --> 00:12:48,120 Speaker 2: the prices down because sure they are buying these things, 241 00:12:48,160 --> 00:12:48,640 Speaker 2: you know what I. 242 00:12:48,559 --> 00:12:53,400 Speaker 1: Mean, Hey, I mean they walk the righteous path. 243 00:12:53,920 --> 00:12:56,080 Speaker 2: So, just to wrap it all up, Kodak ended up 244 00:12:56,160 --> 00:13:01,120 Speaker 2: laying off fifty thousand employees and in twenty twelve they 245 00:13:01,760 --> 00:13:04,959 Speaker 2: they filed for Chapter eleven bankruptcy. And they're still around. 246 00:13:05,000 --> 00:13:09,560 Speaker 2: But they basically make printer cartridges and motion picture film stock. 247 00:13:10,040 --> 00:13:13,080 Speaker 3: Yeah, which is also not used very often anymore. Nope, 248 00:13:13,520 --> 00:13:16,880 Speaker 3: poor Kodak, Poor Kodak. Time for break. 249 00:13:17,120 --> 00:13:18,880 Speaker 2: I was gonna say the same thing, man, we are 250 00:13:18,960 --> 00:13:21,120 Speaker 2: really sympatic of this episode. 251 00:13:21,400 --> 00:13:22,440 Speaker 3: All right, we'll be right back. 252 00:13:22,720 --> 00:13:35,640 Speaker 4: I was going to say that too. 253 00:13:46,440 --> 00:13:49,320 Speaker 2: Okay, Chuck, I'm going to pick one and I'm in 254 00:13:49,360 --> 00:13:54,559 Speaker 2: the big wheel. Okay, it landed on Western Union against 255 00:13:54,559 --> 00:13:56,439 Speaker 2: we're gonna have to go over that one break in. 256 00:13:56,480 --> 00:13:57,680 Speaker 1: Okay, okay, all right. 257 00:13:58,000 --> 00:14:01,200 Speaker 2: So Western Union now, we won't do that. Let me 258 00:14:01,320 --> 00:14:03,920 Speaker 2: just move at one space to this JC penny one. 259 00:14:03,920 --> 00:14:04,480 Speaker 2: How about that? 260 00:14:04,600 --> 00:14:05,760 Speaker 3: Ooh all right, I. 261 00:14:05,760 --> 00:14:07,360 Speaker 2: Like this one because it really kind of gets to 262 00:14:07,400 --> 00:14:11,800 Speaker 2: the bottom of some tricks that clothing retailers use. So 263 00:14:11,960 --> 00:14:15,479 Speaker 2: actually all retailers do, but some clothing retailers are particularly 264 00:14:16,559 --> 00:14:17,280 Speaker 2: guilty of it. 265 00:14:17,760 --> 00:14:22,240 Speaker 1: That's right. We were talking about the clothier jcpenny, which 266 00:14:22,280 --> 00:14:26,120 Speaker 1: in twenty twelve hired a shiny new CEO named Ron Johnson, 267 00:14:26,240 --> 00:14:29,760 Speaker 1: who had made quite the name for himself in business 268 00:14:30,240 --> 00:14:34,680 Speaker 1: in retail as Two things. First, the guy who hipped 269 00:14:34,760 --> 00:14:38,440 Speaker 1: up Target. Oh yes, okay, remember growing up Target was 270 00:14:38,480 --> 00:14:40,720 Speaker 1: like whatever Target was not, you know, it's kind of 271 00:14:40,760 --> 00:14:43,280 Speaker 1: like a kmart thing. And then all of a sudden 272 00:14:43,320 --> 00:14:47,360 Speaker 1: Tarja was like this cool, hip, awesome place is because 273 00:14:47,400 --> 00:14:50,600 Speaker 1: of Ron Johnson's efforts largely gotcha. Then he went to 274 00:14:50,600 --> 00:14:53,640 Speaker 1: work at Apple, and he is the guy he was 275 00:14:53,680 --> 00:14:57,200 Speaker 1: their VP of retail. He's the guy who basically oversaw, 276 00:14:58,160 --> 00:15:00,720 Speaker 1: you could say, invented the Apple Store and the Genius 277 00:15:00,720 --> 00:15:01,640 Speaker 1: Bar and stuff like that. 278 00:15:01,840 --> 00:15:04,760 Speaker 2: Right, Yeah, So I mean like he was legit. J. C. 279 00:15:04,880 --> 00:15:08,880 Speaker 2: Penny was like, come save us, Like we're really flagging, 280 00:15:08,960 --> 00:15:11,200 Speaker 2: Like even compared to some of these other retailers that 281 00:15:11,240 --> 00:15:14,960 Speaker 2: do the same thing, like TJ. Max or Walmart or whatever, 282 00:15:15,040 --> 00:15:18,320 Speaker 2: we're getting no love whatsoever. So Ron Johnson came in 283 00:15:18,360 --> 00:15:22,119 Speaker 2: and looked around and he's like, this industry is shameful. 284 00:15:22,560 --> 00:15:26,280 Speaker 2: Like basically what he'd walked into was an industry of 285 00:15:26,760 --> 00:15:32,640 Speaker 2: clothing retailers that would sell items that were say a 286 00:15:32,680 --> 00:15:36,200 Speaker 2: ten dollars item for ten dollars, but on the price 287 00:15:36,240 --> 00:15:39,160 Speaker 2: tag would it would say that it originally started out 288 00:15:39,160 --> 00:15:43,200 Speaker 2: as like fifty dollars or something, right, And yes, at 289 00:15:43,240 --> 00:15:46,560 Speaker 2: one point they charged fifty dollars for it, but it 290 00:15:46,640 --> 00:15:48,720 Speaker 2: was so that they could later mark it down in 291 00:15:48,760 --> 00:15:51,240 Speaker 2: a sale that probably took place the day after that 292 00:15:51,280 --> 00:15:53,760 Speaker 2: thing arrived and was sold for fifty dollars. So that 293 00:15:53,800 --> 00:15:55,840 Speaker 2: means there were some suckers out there who actually paid 294 00:15:55,840 --> 00:15:58,920 Speaker 2: fifty dollars for that ten dollars shirt. But the way 295 00:15:58,920 --> 00:16:01,800 Speaker 2: that they got you was by not only marking it down, 296 00:16:02,080 --> 00:16:04,720 Speaker 2: but having a reason to mark it down. They would 297 00:16:04,760 --> 00:16:08,920 Speaker 2: have sale after sale after sale, hundreds of sales, different 298 00:16:09,000 --> 00:16:13,040 Speaker 2: sales in a year, and it still wasn't working. And 299 00:16:13,160 --> 00:16:16,280 Speaker 2: Ron Johnson was like, this is desperate and we shouldn't 300 00:16:16,320 --> 00:16:17,080 Speaker 2: do this anymore. 301 00:16:17,640 --> 00:16:22,400 Speaker 1: Yeah, there were coupons even and people, you know, Americans 302 00:16:22,400 --> 00:16:25,840 Speaker 1: eat that stuff up. If you hear half off blowout 303 00:16:25,880 --> 00:16:29,440 Speaker 1: sale this weekend, your mouth starts water in a little 304 00:16:29,480 --> 00:16:31,920 Speaker 1: bit and you think, wait a minute, I can get 305 00:16:32,120 --> 00:16:35,360 Speaker 1: something that should cost twice as much for half as much, 306 00:16:36,320 --> 00:16:38,240 Speaker 1: or I can bring in this coupon and get two 307 00:16:38,280 --> 00:16:39,200 Speaker 1: things for one thing. 308 00:16:39,920 --> 00:16:41,920 Speaker 3: It's unbelievable, and we still fall. 309 00:16:41,680 --> 00:16:44,960 Speaker 1: For these tricks. We all do. So he said, no, 310 00:16:45,080 --> 00:16:49,880 Speaker 1: here's what we'll do. We're gonna just basically out ourselves 311 00:16:49,960 --> 00:16:53,200 Speaker 1: and say, you know now we're gonna do is it's 312 00:16:53,200 --> 00:16:56,080 Speaker 1: called fair and square every day is our new pricing system. 313 00:16:56,400 --> 00:16:58,640 Speaker 1: It means you don't need a sale, you don't need 314 00:16:58,640 --> 00:17:01,400 Speaker 1: a coupon our stuff. It's just going to be inexpensive 315 00:17:01,880 --> 00:17:06,159 Speaker 1: all the time. And people hated it right away. People 316 00:17:06,200 --> 00:17:09,560 Speaker 1: started complaining they love their sales, they love their deals. 317 00:17:10,000 --> 00:17:12,240 Speaker 1: He would call them on the phone personally. He wouldn't 318 00:17:12,240 --> 00:17:15,960 Speaker 1: do that and say, you dummy, don't you understand you're 319 00:17:16,000 --> 00:17:19,120 Speaker 1: paying the same price. It's just cheap all the time. Now, 320 00:17:19,600 --> 00:17:21,760 Speaker 1: people didn't understand that. They didn't want to hear that. 321 00:17:22,000 --> 00:17:24,720 Speaker 1: I saw one person that said that he seemed to 322 00:17:24,760 --> 00:17:28,800 Speaker 1: almost have a disdain for his customer base because he 323 00:17:29,119 --> 00:17:32,560 Speaker 1: behind closed doors were saying, they're dumb and they need 324 00:17:32,600 --> 00:17:35,639 Speaker 1: to be educated, and like, how can these dumb dumbs 325 00:17:35,640 --> 00:17:39,120 Speaker 1: not understand that cheaper clothes every day is a better situation? 326 00:17:39,480 --> 00:17:43,200 Speaker 2: Yeah, because the studies have found that people will pay 327 00:17:43,359 --> 00:17:46,919 Speaker 2: more for a cheaper thing if they think it's more valuable. 328 00:17:47,280 --> 00:17:49,080 Speaker 2: Then they would pay for the same thing if it 329 00:17:49,119 --> 00:17:51,560 Speaker 2: were marked. They would pass up something that was actually 330 00:17:51,560 --> 00:17:52,960 Speaker 2: the same thing at a lower price. 331 00:17:53,359 --> 00:17:53,600 Speaker 1: Yeah. 332 00:17:53,640 --> 00:17:55,760 Speaker 2: And the reason why is because a ten dollars shirt 333 00:17:55,800 --> 00:17:59,480 Speaker 2: seems cheap and maybe cheaply made and probably just not 334 00:17:59,560 --> 00:18:02,080 Speaker 2: a good But a fifty dollars shirt that you can 335 00:18:02,119 --> 00:18:05,199 Speaker 2: buy for ten dollars was valuable to begin with. And 336 00:18:05,200 --> 00:18:08,400 Speaker 2: then yes, not only is it a deal, you could 337 00:18:08,480 --> 00:18:11,639 Speaker 2: make the case that it's a steal. And people love that. 338 00:18:11,720 --> 00:18:15,919 Speaker 2: Like you said, there's a thread, a vein of America 339 00:18:16,800 --> 00:18:19,960 Speaker 2: that is crazy for that kind of stuff. And Ron 340 00:18:20,040 --> 00:18:21,919 Speaker 2: Johnson found out the hard way that when you go 341 00:18:22,040 --> 00:18:26,359 Speaker 2: up against that vein of Americans, you lose every time. 342 00:18:26,560 --> 00:18:29,119 Speaker 2: And he lost pretty big in seventeen months. 343 00:18:29,400 --> 00:18:33,000 Speaker 1: Yeah, I got two words for you, my friend. Outlet mall. Yeah, 344 00:18:33,240 --> 00:18:35,560 Speaker 1: that really says it all about America. Yeah, but if 345 00:18:35,600 --> 00:18:38,480 Speaker 1: you don't even know how they operate. But it's got 346 00:18:38,520 --> 00:18:41,240 Speaker 1: to be something like this with outlet malls, right, very much. 347 00:18:41,320 --> 00:18:43,320 Speaker 2: But also there's a lot of them that are like 348 00:18:43,480 --> 00:18:47,760 Speaker 2: crypto outlet malls. They're not outlet stores, they're just regular 349 00:18:47,840 --> 00:18:51,440 Speaker 2: stores in an outlet mall. It's b s If you're 350 00:18:51,480 --> 00:18:54,639 Speaker 2: a developer of an outlet mall and you're letting stores 351 00:18:54,640 --> 00:18:58,040 Speaker 2: in there that are actually not selling their outlet stuff 352 00:18:58,080 --> 00:19:01,320 Speaker 2: but there's just a regular store, you're at fault. It's 353 00:19:01,400 --> 00:19:04,080 Speaker 2: on your your hands. Blood is on your hands. 354 00:19:05,359 --> 00:19:09,520 Speaker 1: So what this got Ron Johnson was what is known 355 00:19:09,600 --> 00:19:13,280 Speaker 1: as the worst quarter in retail history, which was a 356 00:19:14,080 --> 00:19:16,200 Speaker 1: store to store thirty two percent drop. 357 00:19:16,320 --> 00:19:18,240 Speaker 3: Wow quarter over quarter. 358 00:19:19,600 --> 00:19:22,359 Speaker 1: That that's just a death nail for him. He only 359 00:19:22,400 --> 00:19:25,560 Speaker 1: made it, I believe seventeen months, and that was it 360 00:19:25,640 --> 00:19:27,600 Speaker 1: and they came back in and said, hey, we're gonna 361 00:19:27,640 --> 00:19:30,919 Speaker 1: go back to our fake pricing scheme, and people loved it. 362 00:19:31,280 --> 00:19:33,640 Speaker 2: I'm sure Ron Johnson was like, that's all right, thanks 363 00:19:33,680 --> 00:19:37,160 Speaker 2: for the multimillion dollar golden parachute at everybody. 364 00:19:37,560 --> 00:19:39,800 Speaker 1: Yeah. Oh man, he made He supposedly made like four 365 00:19:39,880 --> 00:19:42,160 Speaker 1: or five hundred million dollars in Oh Michael Stock God. 366 00:19:42,520 --> 00:19:44,880 Speaker 3: So he didn't even need this job. 367 00:19:44,960 --> 00:19:46,840 Speaker 2: No, I'm sure he just wanted to show all this 368 00:19:47,359 --> 00:19:49,239 Speaker 2: loser Americans what the deal was. 369 00:19:49,560 --> 00:19:50,480 Speaker 3: He still got a job. 370 00:19:50,680 --> 00:19:52,679 Speaker 1: He's doing something else like two years after this, like 371 00:19:52,720 --> 00:19:55,119 Speaker 1: why is this guy working? Go go retire on your 372 00:19:55,119 --> 00:19:55,960 Speaker 1: island or something. 373 00:19:56,280 --> 00:19:59,879 Speaker 2: So there's a there was an ad that jac pennyc 374 00:20:00,000 --> 00:20:03,760 Speaker 2: came up with like that ran very It was very 375 00:20:04,200 --> 00:20:09,320 Speaker 2: short run intentionally, but it basically pleaded for their customers 376 00:20:09,320 --> 00:20:11,440 Speaker 2: to come back. They're like, we know we made mistakes, 377 00:20:11,840 --> 00:20:15,199 Speaker 2: We're getting back to our roots. We love you, please 378 00:20:15,240 --> 00:20:17,840 Speaker 2: come back again. Like they were begging their customers to 379 00:20:17,840 --> 00:20:20,679 Speaker 2: come back. And apparently it worked because this is another 380 00:20:20,760 --> 00:20:22,439 Speaker 2: common theme that we'll see and I think this is 381 00:20:22,480 --> 00:20:26,240 Speaker 2: a good segue into the New Coke debacle. Ooh, when 382 00:20:26,280 --> 00:20:29,680 Speaker 2: you take away something that people love but have come 383 00:20:29,720 --> 00:20:33,359 Speaker 2: to take for granted. Yeah, they will not only fight 384 00:20:33,400 --> 00:20:35,880 Speaker 2: for it, they'll come back for it and droves when 385 00:20:35,920 --> 00:20:37,399 Speaker 2: you give it back to them. 386 00:20:38,160 --> 00:20:43,200 Speaker 1: New Coke the end, pretty much. Yeah, So of course 387 00:20:43,240 --> 00:20:45,240 Speaker 1: this has got to be in there. If you grew 388 00:20:45,320 --> 00:20:48,240 Speaker 1: up in the eighties like we did, you remember a 389 00:20:48,320 --> 00:20:52,960 Speaker 1: time where Pepsi threatened Coke a little bit, not literally, 390 00:20:53,200 --> 00:20:57,080 Speaker 1: like doctor Pepsi didn't come up to mister Coke's door 391 00:20:57,160 --> 00:20:59,080 Speaker 1: and say, listen, I'm going to take you up back 392 00:20:59,119 --> 00:21:00,080 Speaker 1: and behind the. 393 00:21:00,040 --> 00:21:01,000 Speaker 3: Witch had and take care of you. 394 00:21:01,160 --> 00:21:04,280 Speaker 1: Sure, the company threatened Coke because their sales were doing 395 00:21:04,320 --> 00:21:04,800 Speaker 1: pretty good. 396 00:21:04,840 --> 00:21:06,359 Speaker 3: It was a different taste. I think it was a 397 00:21:06,359 --> 00:21:06,879 Speaker 3: little sweeter. 398 00:21:06,920 --> 00:21:08,879 Speaker 1: I don't even drink Pepsi, so I'm not really sure, 399 00:21:09,359 --> 00:21:12,680 Speaker 1: but I think it had a sweeter taste. They were 400 00:21:12,760 --> 00:21:14,760 Speaker 1: I don't know if they were winning the Coke Wars, 401 00:21:14,840 --> 00:21:17,040 Speaker 1: but they are the Cold Wars, but they were. They 402 00:21:17,080 --> 00:21:18,840 Speaker 1: were edging in on Coke's dominance. 403 00:21:19,040 --> 00:21:20,720 Speaker 2: It was Chuck. It was that choice of a new 404 00:21:20,760 --> 00:21:24,640 Speaker 2: generation campaign. Yeah, that was what had done it. They 405 00:21:24,840 --> 00:21:28,640 Speaker 2: got Michael Jackson, they got Madonna, they got I think 406 00:21:29,520 --> 00:21:32,560 Speaker 2: Geraldine Ferraro did one of these commercials. 407 00:21:32,000 --> 00:21:33,880 Speaker 1: Like, that's advertising goal. 408 00:21:34,080 --> 00:21:38,520 Speaker 2: These were right, These were just internationally famous commercials, and 409 00:21:38,560 --> 00:21:40,480 Speaker 2: so PEPSI had kind of come out of nowhere and 410 00:21:40,600 --> 00:21:41,560 Speaker 2: was eating Coke's launch. 411 00:21:41,600 --> 00:21:44,520 Speaker 3: All of a sudden, Coke had do caucus big. 412 00:21:44,359 --> 00:21:46,199 Speaker 2: Mistake, yeah, dan Quayle. 413 00:21:47,240 --> 00:21:49,760 Speaker 3: So Coke was a little worried. 414 00:21:50,200 --> 00:21:52,720 Speaker 1: They saw their writing on the surpi riding on the wall, 415 00:21:53,400 --> 00:21:56,920 Speaker 1: and they said, all right, under the behind closed doors, 416 00:21:57,000 --> 00:22:01,680 Speaker 1: let's start rejiggering our our rest here that had been around, 417 00:22:01,800 --> 00:22:04,639 Speaker 1: you know, since it was you know, sold in that 418 00:22:04,720 --> 00:22:08,920 Speaker 1: very first pharmacy. Very very classic. That's a little hint 419 00:22:08,920 --> 00:22:11,840 Speaker 1: of what's to come. Very classic, classic taste. And for 420 00:22:11,880 --> 00:22:14,840 Speaker 1: a couple of years they're engineers, mixed up little batches. 421 00:22:15,280 --> 00:22:18,359 Speaker 1: They did taste tests, they let people taste them. People 422 00:22:18,359 --> 00:22:20,320 Speaker 1: are like, I like the taste of this better. And 423 00:22:20,359 --> 00:22:22,680 Speaker 1: so in nineteen eighty five and April of eighty five, 424 00:22:23,800 --> 00:22:28,560 Speaker 1: New Coke came out with a redesign, can redesign. You know, 425 00:22:28,600 --> 00:22:32,080 Speaker 1: they kept their colors and stuff, and the I'm not 426 00:22:32,119 --> 00:22:33,960 Speaker 1: sure if did the font completely change or was it 427 00:22:34,000 --> 00:22:36,240 Speaker 1: just sort of a modified version of the old script. 428 00:22:36,320 --> 00:22:39,560 Speaker 2: I think the new was slightly different, but the Coke 429 00:22:39,800 --> 00:22:41,719 Speaker 2: was the original. 430 00:22:41,720 --> 00:22:45,479 Speaker 1: Okay, but at any rate, they unveiled new coke and 431 00:22:45,600 --> 00:22:49,439 Speaker 1: it was a tremendous not only a tremendous flop, but 432 00:22:50,040 --> 00:22:53,280 Speaker 1: it costs a lot of anger and people hoarding their 433 00:22:53,320 --> 00:22:56,119 Speaker 1: old coats, and people were just like, how can you 434 00:22:56,960 --> 00:23:01,360 Speaker 1: change an American institution like this without even asking anybody? 435 00:23:01,400 --> 00:23:03,000 Speaker 3: Even though they had done testing. 436 00:23:02,760 --> 00:23:06,240 Speaker 2: They had done tons of testing, and the test came 437 00:23:06,320 --> 00:23:10,320 Speaker 2: back roundly in favor of this new formula for coke. 438 00:23:10,800 --> 00:23:14,920 Speaker 2: But Malcolm Gladwell and his book Blink apparently pointed out 439 00:23:14,920 --> 00:23:17,200 Speaker 2: that if you're doing it tastes tests, you're not sitting 440 00:23:17,240 --> 00:23:19,960 Speaker 2: there drinking a whole can. You're just taking a little 441 00:23:19,960 --> 00:23:22,080 Speaker 2: sip of something and comparing it to the sip of 442 00:23:22,119 --> 00:23:26,760 Speaker 2: something else. And so it's possible that that new coke 443 00:23:26,840 --> 00:23:29,600 Speaker 2: really tasted terrible if you drank the whole can. It 444 00:23:29,640 --> 00:23:34,439 Speaker 2: was too sweet. The explanations I saw were more that 445 00:23:34,520 --> 00:23:38,160 Speaker 2: it was psychological. People didn't like messing with their beloved 446 00:23:38,200 --> 00:23:40,919 Speaker 2: coke number one, And I saw that kind of wrapped 447 00:23:41,000 --> 00:23:43,919 Speaker 2: up in a quote from somebody that was that they 448 00:23:43,960 --> 00:23:47,000 Speaker 2: said the biggest mistake Coke made was telling the public 449 00:23:47,359 --> 00:23:50,119 Speaker 2: about the change to the recipe. Because people were like, 450 00:23:50,119 --> 00:23:51,679 Speaker 2: you can't mess with my stuff. I don't care what 451 00:23:51,680 --> 00:23:54,040 Speaker 2: it tastes like. And of course it's not going to 452 00:23:54,119 --> 00:23:57,080 Speaker 2: possibly taste good because you're messing with my original coke. 453 00:23:57,440 --> 00:23:59,960 Speaker 2: So people just kind of turned on it from the outside. 454 00:24:00,480 --> 00:24:02,320 Speaker 1: Well, like they think they should have just changed the 455 00:24:02,359 --> 00:24:04,199 Speaker 1: recipe and just left it and not said anything. 456 00:24:04,280 --> 00:24:07,119 Speaker 2: This guy was saying, if you're going to change the recipe, 457 00:24:08,080 --> 00:24:11,360 Speaker 2: they shouldn't have said anything, because that happens from time 458 00:24:11,400 --> 00:24:15,639 Speaker 2: to time. But then the bigger problem was that you 459 00:24:15,720 --> 00:24:19,040 Speaker 2: kind of touched on. They didn't stop and ask their customers, 460 00:24:19,080 --> 00:24:22,760 Speaker 2: do you want a new coke? They they just made 461 00:24:22,800 --> 00:24:27,560 Speaker 2: a terrible business decision based on fear of PEPSI getting 462 00:24:27,600 --> 00:24:30,040 Speaker 2: some of their market share. All of a sudden, they 463 00:24:30,160 --> 00:24:33,880 Speaker 2: went and completely rejiggered the formula. That was their response 464 00:24:33,920 --> 00:24:34,199 Speaker 2: to that. 465 00:24:34,920 --> 00:24:37,399 Speaker 1: Yeah, and it didn't last long. It was less than 466 00:24:37,400 --> 00:24:40,840 Speaker 1: three months later, a new coke was gone and they 467 00:24:40,880 --> 00:24:45,359 Speaker 1: added Classic Coca Cola Classic I remember, and I didn't 468 00:24:45,359 --> 00:24:47,960 Speaker 1: even drink a lot of soda back then, even but 469 00:24:48,040 --> 00:24:52,400 Speaker 1: I remember it being just almost like this nationwide relief 470 00:24:52,600 --> 00:24:56,199 Speaker 1: setting in. It was really a big deal, and it 471 00:24:56,240 --> 00:24:59,840 Speaker 1: sounds so funny now if you're some kid who had 472 00:25:00,000 --> 00:25:03,240 Speaker 1: you know, didn't live through this. It really like it 473 00:25:03,280 --> 00:25:06,080 Speaker 1: was big, big news and sort of captured America's attention 474 00:25:06,119 --> 00:25:08,760 Speaker 1: for a little while. And Coke Classic coming back was 475 00:25:08,760 --> 00:25:11,920 Speaker 1: like an old, long lost friend reappearing at the front door. 476 00:25:12,640 --> 00:25:14,639 Speaker 1: And eventually, of course, the word classic was dropped and 477 00:25:14,640 --> 00:25:16,399 Speaker 1: they were just like, can we just forget about all 478 00:25:16,440 --> 00:25:18,080 Speaker 1: of that and we're just Coke forever? 479 00:25:18,320 --> 00:25:21,600 Speaker 2: But they lasted for a while. There was many years 480 00:25:21,640 --> 00:25:25,000 Speaker 2: where you differentiated by saying Coke Classic. Even after New 481 00:25:25,080 --> 00:25:27,920 Speaker 2: Coke was long gone, you still referred to Coke as 482 00:25:27,920 --> 00:25:30,120 Speaker 2: Coke Classic for a while, and then it finally went 483 00:25:30,160 --> 00:25:30,760 Speaker 2: back to Coke. 484 00:25:31,480 --> 00:25:32,159 Speaker 3: I had to do it? 485 00:25:32,840 --> 00:25:35,119 Speaker 2: Uh, is it time for another message? Break? 486 00:25:38,480 --> 00:25:38,760 Speaker 1: Sure? 487 00:25:39,359 --> 00:26:05,920 Speaker 2: Okay? Chuck said, sure, all right, Chuck, you're up. What's next? 488 00:26:05,960 --> 00:26:07,200 Speaker 2: What are we going to do next? 489 00:26:07,480 --> 00:26:12,919 Speaker 1: Well, my amigo, we are gonna go with the Blockbuster video. 490 00:26:13,040 --> 00:26:16,040 Speaker 3: Oh yeah, this is my favorite, I said, another boy. 491 00:26:16,119 --> 00:26:20,000 Speaker 1: The eighties was pretty rough on some companies that didn't 492 00:26:20,000 --> 00:26:22,800 Speaker 1: see the riding on the wall because Blockbuster. You grew 493 00:26:22,880 --> 00:26:26,400 Speaker 1: up in the seventies and eighties, well, you know, if 494 00:26:26,400 --> 00:26:28,359 Speaker 1: you're a teenager at least in the eighties by that time. 495 00:26:28,760 --> 00:26:30,800 Speaker 1: You spent a lot of time, We've talked about it before, 496 00:26:30,840 --> 00:26:35,399 Speaker 1: browsing your early Friday evenings with your friends at Blockbuster Video, 497 00:26:35,920 --> 00:26:40,680 Speaker 1: looking over over those shelves, reading the back of those boxes, 498 00:26:40,720 --> 00:26:43,600 Speaker 1: the backs of the boxes, and standing by the door 499 00:26:43,640 --> 00:26:45,760 Speaker 1: at that bin because you just could not get your 500 00:26:45,760 --> 00:26:48,960 Speaker 1: copy of Excalibur. And some nerd walks up and dumps 501 00:26:48,960 --> 00:26:50,840 Speaker 1: it through the slot and he grab it before it 502 00:26:50,880 --> 00:26:53,960 Speaker 1: even hits that bin, and the employee says, you really 503 00:26:54,040 --> 00:26:55,920 Speaker 1: not supposed to do that. 504 00:26:55,920 --> 00:26:58,200 Speaker 2: That was a great Blockbuster employee question. 505 00:26:58,560 --> 00:27:02,080 Speaker 1: You do it anyway, And block Buster ruled the video 506 00:27:02,760 --> 00:27:05,600 Speaker 1: market except for you know the which I still love 507 00:27:05,680 --> 00:27:08,040 Speaker 1: that the charming mom and pops I had a Oh yeah, 508 00:27:08,080 --> 00:27:10,320 Speaker 1: this family at our church even ran their own little 509 00:27:10,400 --> 00:27:12,679 Speaker 1: video store and that was a good business for a while, 510 00:27:12,720 --> 00:27:14,960 Speaker 1: but Blockbuster eventually would gobble most of those up. 511 00:27:15,040 --> 00:27:17,640 Speaker 2: Yeah, to me, Blockbuster was the nineties thing. The eighties 512 00:27:17,640 --> 00:27:20,439 Speaker 2: were mom and pop places where you'd actually rent the 513 00:27:20,520 --> 00:27:23,440 Speaker 2: VCR when you also rented Beverly Hills. 514 00:27:23,200 --> 00:27:28,040 Speaker 1: Cop Yeah, video Shock, your video house, Yeah, video Barn. 515 00:27:28,240 --> 00:27:30,880 Speaker 2: And there's just asn't a side. I wonder I want 516 00:27:30,880 --> 00:27:33,000 Speaker 2: to know if anybody out there knows what the name 517 00:27:33,080 --> 00:27:37,119 Speaker 2: of this phenomenon is. But whenever I walked into a Blockbuster, 518 00:27:37,800 --> 00:27:40,359 Speaker 2: that whole mental list of movies that I wanted to 519 00:27:40,400 --> 00:27:42,200 Speaker 2: rent just vaporized. 520 00:27:42,640 --> 00:27:44,640 Speaker 3: Yea, and I like the test taker syndrome. 521 00:27:44,680 --> 00:27:46,679 Speaker 2: It would be like I had just walked into a 522 00:27:46,720 --> 00:27:49,919 Speaker 2: building for the first time, let alone, like a Blockbuster video, 523 00:27:50,040 --> 00:27:52,000 Speaker 2: like I had no idea what I was doing, totally 524 00:27:52,040 --> 00:27:54,840 Speaker 2: in over my head, and I would invariably walk out 525 00:27:55,119 --> 00:27:57,680 Speaker 2: with some movie that I just didn't really want to see, 526 00:27:57,720 --> 00:28:01,000 Speaker 2: but I got to rent something, and I okay, yeah, 527 00:28:01,040 --> 00:28:04,040 Speaker 2: pretty much. I spared myself that one. But yes, that's 528 00:28:04,200 --> 00:28:05,160 Speaker 2: generally correct. 529 00:28:05,200 --> 00:28:07,240 Speaker 1: So you and then you get home and you're like, man, 530 00:28:07,280 --> 00:28:09,320 Speaker 1: I went in there for gleaming the Cube and I 531 00:28:09,359 --> 00:28:10,520 Speaker 1: walk out with Turner and Hooche. 532 00:28:10,520 --> 00:28:12,520 Speaker 2: That's exactly right. That was kind of the wrap up 533 00:28:12,520 --> 00:28:15,119 Speaker 2: of it, wasn't it that that you remember after you 534 00:28:15,160 --> 00:28:17,359 Speaker 2: get back home. It's the worst or it was the worst. 535 00:28:17,400 --> 00:28:19,679 Speaker 2: It would be still the worst if Blockbuster were around, 536 00:28:19,720 --> 00:28:22,760 Speaker 2: But it's not because of bad business decisions. 537 00:28:22,440 --> 00:28:25,840 Speaker 1: That's right. If you remember in the late nineties, that 538 00:28:26,000 --> 00:28:28,480 Speaker 1: was a company called Netflix that said, hey, we're going 539 00:28:28,520 --> 00:28:30,840 Speaker 1: to start mailing DVDs to people, so you don't have 540 00:28:30,920 --> 00:28:33,760 Speaker 1: to go to the store. You can get on this 541 00:28:33,800 --> 00:28:36,840 Speaker 1: thing called the internet and you can look up the 542 00:28:36,880 --> 00:28:40,080 Speaker 1: movie you want, and you can order that DBD to 543 00:28:40,080 --> 00:28:42,320 Speaker 1: be shipped to your house and then you can just 544 00:28:42,400 --> 00:28:45,360 Speaker 1: drop it in the mail afterward. We failed to mention, 545 00:28:45,440 --> 00:28:47,760 Speaker 1: by the way, I didn't know this Blockbuster was making 546 00:28:47,800 --> 00:28:50,400 Speaker 1: about half a billion dollars a year in late fees. 547 00:28:50,480 --> 00:28:52,640 Speaker 2: Man, they were that was unconsonable. 548 00:28:53,040 --> 00:28:54,440 Speaker 3: That was a big part of their business. 549 00:28:54,880 --> 00:28:57,360 Speaker 1: But Netflix is like in those late fees, like you 550 00:28:57,360 --> 00:29:00,959 Speaker 1: can keep these things for a long time, and they 551 00:29:00,960 --> 00:29:03,840 Speaker 1: would eventually say, but you know what, maybe we should 552 00:29:03,880 --> 00:29:07,640 Speaker 1: try And I think there was a merger idea right 553 00:29:07,720 --> 00:29:09,080 Speaker 1: unless of a sale. 554 00:29:09,240 --> 00:29:12,160 Speaker 2: What do you mean or oh? With with Netflix. 555 00:29:11,800 --> 00:29:14,280 Speaker 1: Were they trying to merge with Blockbuster and say, hey, 556 00:29:14,480 --> 00:29:16,800 Speaker 1: why don't you let us take over and start doing 557 00:29:16,840 --> 00:29:18,240 Speaker 1: mailing stuff for you as well? 558 00:29:18,360 --> 00:29:20,640 Speaker 2: Yeah, that was the impression I had that Netflix wanted 559 00:29:20,680 --> 00:29:22,760 Speaker 2: to kind of slide in and become part of Blockbuster 560 00:29:22,840 --> 00:29:26,160 Speaker 2: and help Blockbuster do its own thing. And Blockbuster said 561 00:29:26,160 --> 00:29:27,040 Speaker 2: no twice at. 562 00:29:27,000 --> 00:29:29,000 Speaker 3: Least Yeah for fifty million bucks, by the way. 563 00:29:29,120 --> 00:29:31,960 Speaker 2: Yeah, And Netflix, by the way, has valued at about 564 00:29:32,000 --> 00:29:36,040 Speaker 2: two hundred billion today, so fifty million dollars was pretty 565 00:29:36,360 --> 00:29:39,560 Speaker 2: pretty good price. And that's not just because Netflix was 566 00:29:39,560 --> 00:29:42,240 Speaker 2: an unknown. Netflix had already shown that it was a 567 00:29:42,360 --> 00:29:45,560 Speaker 2: proven success, but it hadn't been around long enough for 568 00:29:45,600 --> 00:29:48,600 Speaker 2: Blockbuster to see the riding on the wall. They just thought. 569 00:29:48,960 --> 00:29:53,720 Speaker 2: I think John any Coco Antioko, the CEO, considered not 570 00:29:53,800 --> 00:29:57,160 Speaker 2: just Netflix niche, but the Internet was still niche in 571 00:29:57,240 --> 00:30:00,680 Speaker 2: two thousand to this ceo. So Netflix Ogden went on 572 00:30:00,720 --> 00:30:04,200 Speaker 2: their merry way, and Blockbusters just started to fall further 573 00:30:04,640 --> 00:30:06,520 Speaker 2: and further and further behind. 574 00:30:07,360 --> 00:30:10,440 Speaker 1: Yeah. I was actually a member of the Blockbuster DVD 575 00:30:10,520 --> 00:30:13,640 Speaker 1: mailing program when they finally got around to copying Netflix. 576 00:30:13,680 --> 00:30:14,000 Speaker 4: Really. 577 00:30:14,320 --> 00:30:16,160 Speaker 1: Yeah, I didn't jump on Netflix. I was like a 578 00:30:16,160 --> 00:30:18,800 Speaker 1: Blockbuster loyalist. I was like, I'm gonna use their thing 579 00:30:18,840 --> 00:30:22,960 Speaker 1: because it's the same basically, uh huh, And I don't 580 00:30:23,240 --> 00:30:25,840 Speaker 1: I think maybe eventually when Blockbuster stopped, I did jump 581 00:30:25,880 --> 00:30:26,800 Speaker 1: to Netflix DVD. 582 00:30:28,880 --> 00:30:29,920 Speaker 3: Yeah, I'm pretty sure I did. 583 00:30:29,960 --> 00:30:33,280 Speaker 1: But I mentioned in the first one of the first 584 00:30:33,280 --> 00:30:35,400 Speaker 1: segments that there was a bit of serendipity, two bits 585 00:30:35,400 --> 00:30:39,560 Speaker 1: of serendipity that Excite finished their email program this month. 586 00:30:40,040 --> 00:30:43,720 Speaker 1: Netflix this week just announced the shutdown of their DVD side. 587 00:30:43,920 --> 00:30:46,560 Speaker 2: I know that's what prompted this episode. 588 00:30:46,600 --> 00:30:50,440 Speaker 1: Oh I'm not falling for that again. Twenty five years 589 00:30:50,520 --> 00:30:54,160 Speaker 1: of those DVD mailings, they just shut it down. They said, 590 00:30:54,760 --> 00:30:56,600 Speaker 1: they said that you can send them back up until 591 00:30:56,600 --> 00:30:58,720 Speaker 1: September twenty eighth, and after that, we're not going to ask, 592 00:30:58,760 --> 00:31:00,960 Speaker 1: which basically means keep what you got. 593 00:31:01,000 --> 00:31:01,840 Speaker 2: Oh yeah. 594 00:31:01,880 --> 00:31:04,200 Speaker 1: And not only that, but to liquidate their DVDs, they 595 00:31:04,320 --> 00:31:06,880 Speaker 1: were they're selecting random customers and they're just sending them 596 00:31:06,880 --> 00:31:10,360 Speaker 1: ten DVDs oh wow, and saying like, here have fun. 597 00:31:11,640 --> 00:31:14,600 Speaker 1: Apparently er point five percent of their revenue these days, 598 00:31:15,840 --> 00:31:19,720 Speaker 1: and just quickly to go over their moneys. They Netflix 599 00:31:19,800 --> 00:31:22,280 Speaker 1: is a rough company to be invested in. I think 600 00:31:22,280 --> 00:31:24,480 Speaker 1: I don't know much about this stuff, but they in 601 00:31:24,560 --> 00:31:27,200 Speaker 1: November twenty one, they peaked at about three hundred and 602 00:31:27,240 --> 00:31:31,680 Speaker 1: two billion. The next summer they crashed all the way 603 00:31:31,720 --> 00:31:36,800 Speaker 1: down to like eighty something billion, I think three hundred 604 00:31:37,240 --> 00:31:39,200 Speaker 1: and then now we're back up at like one eighty. 605 00:31:39,320 --> 00:31:42,680 Speaker 2: Yeah. I think that was when they they like basically 606 00:31:42,920 --> 00:31:47,360 Speaker 2: doubled their their streaming fee, their monthly fee to stream. 607 00:31:47,520 --> 00:31:50,400 Speaker 2: Everybody was like, forget to you. And then people come back, 608 00:31:50,880 --> 00:31:54,360 Speaker 2: all right. So you were saying that Netflix was giving 609 00:31:54,360 --> 00:31:57,840 Speaker 2: away their DVDs because they knew they need them, right, Great, 610 00:31:58,120 --> 00:32:01,000 Speaker 2: that's such a wonderful thing to do. Blockbuster did the 611 00:32:01,040 --> 00:32:03,640 Speaker 2: opposite of that, and I saw that it was very 612 00:32:03,680 --> 00:32:08,080 Speaker 2: famously described as failing at failing because as it was 613 00:32:08,240 --> 00:32:11,720 Speaker 2: clear that Blockbuster was doomed, and it was clear for 614 00:32:11,880 --> 00:32:16,920 Speaker 2: years before anybody, actually before the last Blockbuster closed, rather 615 00:32:16,960 --> 00:32:20,440 Speaker 2: than basically pumping all the money out to shareholders, which 616 00:32:20,440 --> 00:32:24,320 Speaker 2: apparently is what a sociopathic corporation's supposed to do, they 617 00:32:24,360 --> 00:32:27,080 Speaker 2: brought a succession of CEOs and to try to save 618 00:32:27,160 --> 00:32:30,240 Speaker 2: the place, and those CEOs just spent hand over fist 619 00:32:30,640 --> 00:32:33,640 Speaker 2: money that they wasted on these schemes that did nothing 620 00:32:33,680 --> 00:32:36,920 Speaker 2: but waste money for Blockbuster to try to resurrect the brand. 621 00:32:37,480 --> 00:32:40,480 Speaker 2: And then finally, after I think bankruptcy in twenty ten, 622 00:32:40,840 --> 00:32:43,560 Speaker 2: it was bought for a song I don't even think 623 00:32:43,560 --> 00:32:47,440 Speaker 2: it was a good song by Dish and they're still 624 00:32:47,480 --> 00:32:51,680 Speaker 2: Blockbuster now. Dish is one of their on demand groups 625 00:32:51,680 --> 00:32:56,520 Speaker 2: of channels is called Blockbuster at Home. So Blockbuster's still around, Chuck. 626 00:32:56,560 --> 00:32:59,480 Speaker 2: If you're a Blockbuster loyalist, get yourself dish and you 627 00:32:59,520 --> 00:33:02,240 Speaker 2: can watch on demand movies through Blockbuster at home. 628 00:33:03,160 --> 00:33:03,640 Speaker 3: Amazing. 629 00:33:05,640 --> 00:33:08,960 Speaker 1: It was was it the song Escape? 630 00:33:09,720 --> 00:33:10,440 Speaker 3: That's a bad song? 631 00:33:10,520 --> 00:33:11,320 Speaker 2: What song is that? 632 00:33:12,440 --> 00:33:14,640 Speaker 3: If you like aka the Pina Colada song. 633 00:33:14,840 --> 00:33:19,120 Speaker 2: Oh, that song is not only bad, it's morally reprehensible. 634 00:33:19,600 --> 00:33:21,400 Speaker 1: It's awful. And I just pointed this out to a 635 00:33:21,400 --> 00:33:24,120 Speaker 1: group of friends this last summer who liked it, including Emily. 636 00:33:24,760 --> 00:33:26,320 Speaker 1: I was like, you've never listened to the words of 637 00:33:26,400 --> 00:33:28,200 Speaker 1: this song. Yeah, She's like, well, not really. I know 638 00:33:28,240 --> 00:33:31,120 Speaker 1: the chorus. I said. It's about a guy that wants 639 00:33:31,160 --> 00:33:32,960 Speaker 1: to cheat on his wife's so bad because he can't 640 00:33:33,000 --> 00:33:36,080 Speaker 1: stand her that he puts a want ad to go 641 00:33:36,120 --> 00:33:38,479 Speaker 1: find some new lady and he hits it off with 642 00:33:38,520 --> 00:33:40,400 Speaker 1: her and it turns out being his wife. 643 00:33:40,960 --> 00:33:43,800 Speaker 2: Yeah, and they He's like, great things are fixed. 644 00:33:45,080 --> 00:33:47,960 Speaker 1: Yeah, exactly, man, because in the seventies that's all you needed. 645 00:33:48,000 --> 00:33:50,200 Speaker 1: That in a little uh, you know, a bottle of 646 00:33:50,920 --> 00:33:52,520 Speaker 1: I don't know, baccardy and some pills. 647 00:33:52,960 --> 00:33:56,280 Speaker 2: That's right. The seventies were great, but the people in 648 00:33:56,320 --> 00:33:57,440 Speaker 2: the seventies were the worst. 649 00:33:58,280 --> 00:34:00,680 Speaker 1: All right, we got two more, which you're gonna pick? 650 00:34:02,840 --> 00:34:04,000 Speaker 1: I know which one you're gonna pick. 651 00:34:04,160 --> 00:34:07,840 Speaker 2: You do not. All right, yes you do, let's go 652 00:34:07,840 --> 00:34:08,799 Speaker 2: ahead and pick it for me. 653 00:34:09,000 --> 00:34:10,839 Speaker 1: We have well you're probably you're probably gonna say, Et, 654 00:34:11,360 --> 00:34:12,200 Speaker 1: that's right, And. 655 00:34:12,200 --> 00:34:14,120 Speaker 2: Technically we have three left if you want to go 656 00:34:14,200 --> 00:34:16,399 Speaker 2: for it. But okay, do we have three? 657 00:34:16,480 --> 00:34:18,080 Speaker 3: M h what else are we missing? 658 00:34:18,320 --> 00:34:19,960 Speaker 2: I can't say it'll ruin the surprise. 659 00:34:20,400 --> 00:34:21,799 Speaker 1: Well, we agree not to do that one though, you 660 00:34:21,800 --> 00:34:22,439 Speaker 1: want to do it again? 661 00:34:22,600 --> 00:34:25,120 Speaker 2: No, No, we didn't do the AOL time Warner one. 662 00:34:25,400 --> 00:34:28,040 Speaker 1: Oh eh, okay, let's get that. 663 00:34:29,520 --> 00:34:31,160 Speaker 2: There is one thing I wanted to say about that, 664 00:34:31,680 --> 00:34:35,160 Speaker 2: all right. At the time, in nineteen ninety nine, AOL 665 00:34:35,400 --> 00:34:38,680 Speaker 2: was worth two hundred billion dollars, and I was like, Wow, 666 00:34:38,760 --> 00:34:41,480 Speaker 2: that's a lot. How much is Apple worth these days? 667 00:34:42,480 --> 00:34:45,520 Speaker 2: In twenty twenty three, Apple's worth two and three quarter 668 00:34:45,960 --> 00:34:50,720 Speaker 2: trillion dollars? Wow, trillion dollars, that's how much that company 669 00:34:50,840 --> 00:34:56,440 Speaker 2: is worth. More than one trillion dollars, almost three trillion dollars. 670 00:34:56,760 --> 00:34:57,280 Speaker 1: It's amazing. 671 00:34:57,440 --> 00:35:01,120 Speaker 2: And this is twenty four years later. That's that's how 672 00:35:01,239 --> 00:35:07,440 Speaker 2: gobsmackingly much like just money has increased by then by now, 673 00:35:08,480 --> 00:35:10,759 Speaker 2: So I just wanted to point that out. It's just insane, 674 00:35:11,160 --> 00:35:11,520 Speaker 2: all right. 675 00:35:11,640 --> 00:35:13,680 Speaker 3: Well, ET, the movie. 676 00:35:13,840 --> 00:35:17,520 Speaker 2: Oh, one other thing. I want to go on record 677 00:35:17,560 --> 00:35:20,560 Speaker 2: that we should do an episode on AOL and the 678 00:35:20,600 --> 00:35:23,000 Speaker 2: beginning of the Internet because it is so interesting. 679 00:35:23,680 --> 00:35:28,280 Speaker 1: I mean talking about Excite and AOL. And I remember 680 00:35:28,320 --> 00:35:29,840 Speaker 1: the first time I heard the word Google. 681 00:35:29,880 --> 00:35:31,759 Speaker 3: I literally remember that very first time. 682 00:35:31,840 --> 00:35:34,160 Speaker 2: Yeah, you remember, I used to say, like I'm feeling lucky. 683 00:35:35,360 --> 00:35:37,600 Speaker 1: It was a production manager named Kevin Edge. If anyone 684 00:35:37,600 --> 00:35:39,960 Speaker 1: knows kevinun til Kevin had said Hi. He in a 685 00:35:40,000 --> 00:35:42,000 Speaker 1: production office on a TV commercial in LA in the 686 00:35:42,040 --> 00:35:44,239 Speaker 1: early early two thousands. He said the word Google and 687 00:35:44,239 --> 00:35:46,640 Speaker 1: I went what And he went, It's a search engine. 688 00:35:46,719 --> 00:35:50,120 Speaker 1: And I went, excuse me, Kevin, Kevin was great. 689 00:35:50,120 --> 00:35:51,600 Speaker 2: Did you say you mean a web portal? 690 00:35:52,360 --> 00:35:53,200 Speaker 1: Uh? 691 00:35:53,239 --> 00:35:53,480 Speaker 2: E T. 692 00:35:53,800 --> 00:35:58,959 Speaker 1: Colon the Extra Terrestrial. Very popular movie, some might say 693 00:35:59,760 --> 00:36:02,400 Speaker 1: some I'd say it's a classic. Some might say that 694 00:36:02,480 --> 00:36:06,520 Speaker 1: they still love Reese's Pieces because of that classic movie. Yes, 695 00:36:07,000 --> 00:36:09,719 Speaker 1: so I said Reese's Pieces, I think, but you know 696 00:36:09,760 --> 00:36:10,080 Speaker 1: what I mean? 697 00:36:10,200 --> 00:36:14,040 Speaker 2: Yeah, to me, that might be the greatest mass produced 698 00:36:14,040 --> 00:36:18,560 Speaker 2: candy of all time. Oh what, I love Reese's Pieces. 699 00:36:18,600 --> 00:36:21,080 Speaker 2: I can eat them by the by the bucket full. 700 00:36:21,400 --> 00:36:24,520 Speaker 2: Unfortunately of them too, and they've but they've only been 701 00:36:24,560 --> 00:36:26,600 Speaker 2: around since nineteen seventy eight. Did you know that? 702 00:36:27,640 --> 00:36:29,920 Speaker 3: Yeah, I mean I remember when they came out, my friend. 703 00:36:29,760 --> 00:36:32,640 Speaker 2: Okay, I was not quite aware. I was two years 704 00:36:32,640 --> 00:36:34,480 Speaker 2: old at the time, give me a break, but I 705 00:36:34,520 --> 00:36:37,600 Speaker 2: came seven. I was Candy Central, right, Yeah, exactly so. 706 00:36:37,880 --> 00:36:39,719 Speaker 2: But yeah, by the time I was seven, I was like, 707 00:36:39,760 --> 00:36:43,640 Speaker 2: give me these things. Yeah, in nineteen seventy eight when 708 00:36:43,640 --> 00:36:46,319 Speaker 2: they came out, they actually did pretty good. Hershey's made them, 709 00:36:46,840 --> 00:36:50,000 Speaker 2: and then they crested and peaked and then started to 710 00:36:50,040 --> 00:36:54,640 Speaker 2: decline really quickly, and so Reese's Pieces appeared to have 711 00:36:54,760 --> 00:36:59,560 Speaker 2: run their course. And people say quite reasonably that it's 712 00:36:59,600 --> 00:37:02,560 Speaker 2: possible Reese's Pieces wouldn't be around anymore were it not 713 00:37:02,680 --> 00:37:07,160 Speaker 2: for Et eating Reese's Pieces on screen. And the irony 714 00:37:07,200 --> 00:37:10,560 Speaker 2: of the whole thing is that it was originally supposed 715 00:37:10,560 --> 00:37:14,279 Speaker 2: to be Eminem's, and Eminems wouldn't bite. They said, we 716 00:37:14,280 --> 00:37:16,319 Speaker 2: don't know what this ET thing is. We're not going 717 00:37:16,360 --> 00:37:17,440 Speaker 2: to give you a dollar for it. 718 00:37:18,640 --> 00:37:20,160 Speaker 3: ET was based on a book. 719 00:37:20,880 --> 00:37:24,600 Speaker 2: There's either somebody describe it as a novelization. So it's 720 00:37:24,680 --> 00:37:27,239 Speaker 2: possible that they made a book version of it. 721 00:37:28,120 --> 00:37:28,840 Speaker 1: Yeah, that's what it was. 722 00:37:29,040 --> 00:37:31,960 Speaker 2: Okay, Well, in that apparently in the original novel that 723 00:37:32,200 --> 00:37:36,240 Speaker 2: was made from the movie, it's Eminem's that et eats, 724 00:37:36,280 --> 00:37:37,320 Speaker 2: not Reese's pieces. 725 00:37:37,880 --> 00:37:40,360 Speaker 1: Oh okay, that's a nice little nugget. I read the 726 00:37:40,400 --> 00:37:42,279 Speaker 1: novelization of Raiders at the Lost Ark. 727 00:37:42,440 --> 00:37:43,840 Speaker 2: How was it? 728 00:37:43,840 --> 00:37:44,360 Speaker 3: It was great? 729 00:37:44,560 --> 00:37:47,040 Speaker 2: Did it differ from the movie at all? Or was 730 00:37:47,040 --> 00:37:48,840 Speaker 2: it just basically the movie and book form? 731 00:37:49,600 --> 00:37:51,880 Speaker 1: It is the movie and book form. But there's novelizations. 732 00:37:51,960 --> 00:37:53,480 Speaker 1: I read a couple of them back then. They're always 733 00:37:53,480 --> 00:37:55,319 Speaker 1: a little bit different, and they had extra details because 734 00:37:55,320 --> 00:37:58,359 Speaker 1: it's a book, and it was kind of fun. I'm 735 00:37:58,360 --> 00:37:59,520 Speaker 1: sure they still do that, don't they. 736 00:38:00,520 --> 00:38:04,520 Speaker 2: I think so maybe probably. I'm sure Marvel does. If 737 00:38:04,560 --> 00:38:06,319 Speaker 2: you can make a dime off of it, Marvel does. 738 00:38:06,480 --> 00:38:07,680 Speaker 1: Yeah, that's a good point. 739 00:38:08,360 --> 00:38:11,360 Speaker 3: So depending on who you talk to, there are different stories. 740 00:38:11,440 --> 00:38:13,799 Speaker 1: I think this is one of those things where when 741 00:38:14,040 --> 00:38:17,960 Speaker 1: something works out so well, everybody you interview later on 742 00:38:18,120 --> 00:38:20,920 Speaker 1: was like, it was really kind of my idea, because 743 00:38:21,120 --> 00:38:24,440 Speaker 1: Steven Spielberg is I saw the interview. The words came 744 00:38:24,480 --> 00:38:27,200 Speaker 1: out of his mouth that he said, you know, my 745 00:38:27,280 --> 00:38:32,160 Speaker 1: favorite candy was Eminem's, And so I thought when Eminem's passed, 746 00:38:33,640 --> 00:38:36,680 Speaker 1: I thought, well, what's my second favorite can candy. It's 747 00:38:36,719 --> 00:38:40,600 Speaker 1: Reese's Pieces. I saw other things say it was one 748 00:38:40,640 --> 00:38:43,799 Speaker 1: of Spielberg's kids say that was his favorite. I saw 749 00:38:43,880 --> 00:38:48,080 Speaker 1: others that said there was this guy named Steve Adler 750 00:38:48,680 --> 00:38:52,560 Speaker 1: who was the vice president of merchandising for a company 751 00:38:52,719 --> 00:38:57,719 Speaker 1: called MCA, the Merchandising Corporation of America, which was a 752 00:38:57,719 --> 00:39:00,600 Speaker 1: subsidiary of Universal, And it was kind of like the 753 00:39:01,200 --> 00:39:03,920 Speaker 1: early days of moving merchandising period, like Star Wars kind 754 00:39:03,920 --> 00:39:06,759 Speaker 1: of busted it wide open a few years before. Oh yeah, 755 00:39:06,800 --> 00:39:08,680 Speaker 1: so this is sort of a newish thing and like 756 00:39:08,800 --> 00:39:11,200 Speaker 1: brand placement and getting money for that kind of thing. 757 00:39:11,680 --> 00:39:15,279 Speaker 1: So Steve Adler was a merchandising VP at MCA, and 758 00:39:16,880 --> 00:39:19,920 Speaker 1: he says that it was his kid who said. 759 00:39:19,880 --> 00:39:24,799 Speaker 2: I love Reese's Pieces, and that kid was me exactly. 760 00:39:25,600 --> 00:39:29,200 Speaker 2: So that's how it ended up. Like Hershey said no, sorry, 761 00:39:29,239 --> 00:39:31,919 Speaker 2: Eminem Mar said no, we're not gonna We're not gonna 762 00:39:31,960 --> 00:39:35,160 Speaker 2: spend a million dollars. That was the deal. Universal said 763 00:39:35,480 --> 00:39:38,439 Speaker 2: this this alien that everybody's gonna love. We're just sure 764 00:39:38,440 --> 00:39:41,440 Speaker 2: of it is going to eat either Eminem's or Reese's pieces. 765 00:39:41,480 --> 00:39:44,080 Speaker 2: It comes down to who wants to pay a million 766 00:39:44,120 --> 00:39:47,440 Speaker 2: dollars in advertising, like spend a million dollars in marketing 767 00:39:48,320 --> 00:39:52,320 Speaker 2: in return for basically being part of the ET marketing blitz. 768 00:39:53,960 --> 00:39:56,080 Speaker 2: Who wants to do that? And Eminem said, no, we're 769 00:39:56,080 --> 00:39:58,600 Speaker 2: not going to do that, and Reese's said, let's give 770 00:39:58,640 --> 00:40:02,040 Speaker 2: this a try. There was There's a guy named Jack 771 00:40:02,120 --> 00:40:05,720 Speaker 2: Dout who is a business development VP, who was basically 772 00:40:05,760 --> 00:40:09,640 Speaker 2: the person who decided to take that risk and spend 773 00:40:09,680 --> 00:40:12,000 Speaker 2: a million dollars, which at the time there's a lot 774 00:40:12,000 --> 00:40:14,719 Speaker 2: of money. We're talking about nineteen eighty eighty one eighty 775 00:40:14,760 --> 00:40:17,200 Speaker 2: two dollars, so it's worth like two and a half 776 00:40:17,239 --> 00:40:23,399 Speaker 2: million dollars today at least. And like ET is, this 777 00:40:23,440 --> 00:40:26,040 Speaker 2: is where the hindsight is twenty twenty thing kicks in. 778 00:40:26,719 --> 00:40:30,360 Speaker 2: Like they didn't see a script. Nobody knew what ET was. 779 00:40:30,640 --> 00:40:33,120 Speaker 2: Aliens up to that point were not lovable or huggable. 780 00:40:33,120 --> 00:40:36,480 Speaker 2: They were creepy and weird. So there really was a 781 00:40:36,560 --> 00:40:38,560 Speaker 2: risk that Jack daw took and he can take a 782 00:40:38,640 --> 00:40:40,520 Speaker 2: victory lap for making that decision. 783 00:40:41,680 --> 00:40:42,920 Speaker 3: Yeah, and ET is. 784 00:40:43,000 --> 00:40:45,759 Speaker 1: You know, the rest is history, as they say, because 785 00:40:45,800 --> 00:40:51,120 Speaker 1: ET is now a top thirty all time grocer domestically 786 00:40:51,160 --> 00:40:54,560 Speaker 1: for the United States the Green Grocer. I went down 787 00:40:54,600 --> 00:40:57,800 Speaker 1: the box office Mojo rabbit hole out of curiosity because 788 00:40:57,800 --> 00:41:03,360 Speaker 1: it's just littered with avatars and Avengers and stuff like 789 00:41:03,400 --> 00:41:06,640 Speaker 1: that and e t if you kind of dig in. 790 00:41:06,719 --> 00:41:10,080 Speaker 1: It is the number two all time movie that is 791 00:41:10,400 --> 00:41:14,840 Speaker 1: not a franchise movie. Nice, so not bad, second only 792 00:41:14,880 --> 00:41:19,719 Speaker 1: to Titanic. Oh, okay, and guess what, Barbie's already at 793 00:41:19,760 --> 00:41:21,080 Speaker 1: number fifteen all time. 794 00:41:21,160 --> 00:41:23,759 Speaker 2: I know that's pretty great and then amazing. I finally 795 00:41:23,800 --> 00:41:26,240 Speaker 2: saw Oppenheimer too. My god, it's a good movie. 796 00:41:26,960 --> 00:41:28,040 Speaker 3: Yeah, how are your ears? 797 00:41:28,360 --> 00:41:31,880 Speaker 2: They're fine. I saw it in like RBX or RPX 798 00:41:31,960 --> 00:41:34,080 Speaker 2: or DMX or something like that, where like it shakes 799 00:41:34,120 --> 00:41:37,160 Speaker 2: the seats and everything. I'm like, this is unnecessary. 800 00:41:37,880 --> 00:41:38,359 Speaker 3: It's loud. 801 00:41:38,520 --> 00:41:42,759 Speaker 1: Yeah. Also, just for you movie trivia buffs, if someone 802 00:41:42,760 --> 00:41:46,680 Speaker 1: asked you a trivia question about non franchise box office Titanic, 803 00:41:46,800 --> 00:41:51,240 Speaker 1: then et and the number three all time movie non franchise. 804 00:41:52,520 --> 00:41:53,480 Speaker 3: Passion of the Christ. 805 00:41:54,320 --> 00:41:58,600 Speaker 1: What Yeah, Wow, big movies like three hundred and something 806 00:41:58,640 --> 00:41:59,320 Speaker 1: million bucks. 807 00:41:59,520 --> 00:42:02,440 Speaker 2: But that's I mean, that's considering it even was boycotted 808 00:42:02,480 --> 00:42:05,160 Speaker 2: by lots of churches around the world, and that still 809 00:42:05,160 --> 00:42:08,640 Speaker 2: made that mon Well, maybe why no publicity. No, there's 810 00:42:08,640 --> 00:42:10,160 Speaker 2: such a thing as bad publicity. 811 00:42:10,680 --> 00:42:11,080 Speaker 1: That's right. 812 00:42:11,080 --> 00:42:12,920 Speaker 2: The swings you don't take are the ones that you 813 00:42:12,960 --> 00:42:13,640 Speaker 2: missed the most. 814 00:42:15,080 --> 00:42:17,720 Speaker 1: All right, let's finish up here with a little quick 815 00:42:18,000 --> 00:42:21,960 Speaker 1: we'll go through this quickly. Monday night football set the 816 00:42:22,200 --> 00:42:27,600 Speaker 1: TV landscape for you. In the nineteen sixties, there were 817 00:42:27,840 --> 00:42:31,920 Speaker 1: three main networks, NBC, CBS, and ABC. ABC was in 818 00:42:32,040 --> 00:42:36,800 Speaker 1: last place. There was also a fledgling network from Howard Hughes, 819 00:42:36,840 --> 00:42:39,760 Speaker 1: which I didn't realize called Hughes Sports Network. 820 00:42:39,480 --> 00:42:41,560 Speaker 2: That was ahead of his time, very. 821 00:42:41,520 --> 00:42:44,160 Speaker 1: Much ahead of his time, and even though they showed 822 00:42:44,200 --> 00:42:47,560 Speaker 1: like bully and stuff. But at one point the National 823 00:42:47,600 --> 00:42:51,200 Speaker 1: Football League decided, you know what, there's Pete Roseus, a 824 00:42:51,200 --> 00:42:55,040 Speaker 1: commissioner back then, very forward thinking guy. He said, I 825 00:42:55,040 --> 00:42:59,200 Speaker 1: think we should have a prime time football game. How 826 00:42:59,200 --> 00:43:01,719 Speaker 1: about Friday night? And they said, no, that'll mess up 827 00:43:01,800 --> 00:43:04,319 Speaker 1: high school football. And he said Saturday night and they 828 00:43:04,320 --> 00:43:07,280 Speaker 1: said no, there's actually a law against that because college football. 829 00:43:07,280 --> 00:43:08,040 Speaker 2: I forgot about that. 830 00:43:08,640 --> 00:43:11,400 Speaker 1: So he said, all right, we already played on Sunday. 831 00:43:11,480 --> 00:43:13,799 Speaker 1: He said, how about Monday night and they said, no, 832 00:43:13,840 --> 00:43:17,239 Speaker 1: one's going to care. They played the first Monday night 833 00:43:17,280 --> 00:43:20,959 Speaker 1: game in nineteen sixty four, but it was not televised, 834 00:43:21,760 --> 00:43:27,000 Speaker 1: and then they had I think CBS and NBC had 835 00:43:27,040 --> 00:43:31,280 Speaker 1: because CBS had the NFL, NBC had the AFL before 836 00:43:31,280 --> 00:43:34,560 Speaker 1: the merger in nineteen seventy, and they each tried their 837 00:43:34,600 --> 00:43:39,839 Speaker 1: hand at Monday night games a couple each during sixty eight, 838 00:43:39,960 --> 00:43:43,360 Speaker 1: sixty seven through sixty nine, but none of those are televised, 839 00:43:43,400 --> 00:43:46,879 Speaker 1: and they finally got together and said, these things need 840 00:43:46,920 --> 00:43:47,520 Speaker 1: to be on TV. 841 00:43:48,360 --> 00:43:51,560 Speaker 2: Yeah, so they started putting them on TV. And apparently 842 00:43:51,600 --> 00:43:53,480 Speaker 2: one of the reasons why is because you said, you know, 843 00:43:53,480 --> 00:43:56,600 Speaker 2: some of those Monday night games, the early ones weren't televised, 844 00:43:57,040 --> 00:43:59,600 Speaker 2: but people still went to them. They turned out like aces. 845 00:43:59,640 --> 00:44:02,320 Speaker 2: So it was very obvious that there was a market 846 00:44:02,360 --> 00:44:05,640 Speaker 2: for this, so putting it on TV wasn't It was 847 00:44:06,040 --> 00:44:08,360 Speaker 2: not a no brainer. It was still very risky, but 848 00:44:08,800 --> 00:44:11,279 Speaker 2: there was there was reason to think it might take off. 849 00:44:11,360 --> 00:44:14,120 Speaker 2: So I think CBS and NBC, since they already had 850 00:44:14,120 --> 00:44:18,640 Speaker 2: a relationship with the NFL, they got first first refusal 851 00:44:19,120 --> 00:44:23,640 Speaker 2: from Peter Roselle. Yeah, and NBC said that would mean 852 00:44:23,640 --> 00:44:26,439 Speaker 2: we're preempting Carson and apparently we're too afraid to even 853 00:44:26,680 --> 00:44:29,000 Speaker 2: bring it up. So no, we're passing on that. 854 00:44:29,320 --> 00:44:30,520 Speaker 3: No, Carson, have you killed? 855 00:44:30,680 --> 00:44:33,960 Speaker 2: CBS said, are you crazy? We're getting great ratings with 856 00:44:34,040 --> 00:44:37,560 Speaker 2: the Doris Day Show and laughing, we can't, we can't 857 00:44:37,600 --> 00:44:39,760 Speaker 2: get rid of those for some football game. And ABC 858 00:44:40,120 --> 00:44:43,640 Speaker 2: just was like, you know that that nerdy kid in 859 00:44:43,680 --> 00:44:45,840 Speaker 2: class that has their hand up so high it's about 860 00:44:45,840 --> 00:44:48,280 Speaker 2: to be dislocated from their shoulder and they're just waggling 861 00:44:48,280 --> 00:44:50,720 Speaker 2: in their seat. That's what ABC was doing. And finally 862 00:44:50,719 --> 00:44:53,759 Speaker 2: Peter Roselle is like, guess ABC, you can have it. 863 00:44:54,600 --> 00:44:57,360 Speaker 3: That's right, and uh, you know it turned out to 864 00:44:57,360 --> 00:44:58,160 Speaker 3: be a very big deal. 865 00:44:58,320 --> 00:45:01,719 Speaker 1: There's a guy named Rune Hardly there that kind of 866 00:45:01,800 --> 00:45:07,800 Speaker 1: spearheaded this project for ABC Sports flashio graphics, more cameras, 867 00:45:08,160 --> 00:45:10,960 Speaker 1: more camera angles and slow mo and stuff like that, 868 00:45:11,719 --> 00:45:14,040 Speaker 1: like using all this sort of newer technology more than 869 00:45:14,040 --> 00:45:14,640 Speaker 1: they had before. 870 00:45:14,760 --> 00:45:15,560 Speaker 2: You have to say, and. 871 00:45:19,280 --> 00:45:22,080 Speaker 1: The biggest chain, man, if you could hold that for 872 00:45:22,120 --> 00:45:26,640 Speaker 1: the next three minutes. The biggest change was they all 873 00:45:26,680 --> 00:45:29,799 Speaker 1: of a sudden had three a three person broadcasting team, 874 00:45:29,800 --> 00:45:32,080 Speaker 1: which had never been done. It was always just a 875 00:45:32,120 --> 00:45:35,160 Speaker 1: color commentator and a play by play person, but in 876 00:45:35,200 --> 00:45:37,759 Speaker 1: this case they had the play by play guy and 877 00:45:37,840 --> 00:45:41,040 Speaker 1: Keith Jackson only there for one year, then replaced by 878 00:45:41,040 --> 00:45:44,319 Speaker 1: Frank Gifford, and then Dandy Don Meredith was the color guy. 879 00:45:45,600 --> 00:45:49,359 Speaker 1: Very he was an actor, former Cowboys, QB. Handsome, just 880 00:45:49,760 --> 00:45:51,000 Speaker 1: great in the color position. 881 00:45:51,600 --> 00:45:54,640 Speaker 2: And then people who don't know what you're talking about, 882 00:45:54,640 --> 00:45:55,839 Speaker 2: what the color position is? 883 00:45:56,280 --> 00:45:58,080 Speaker 1: Oh, well, the play by play is the is the 884 00:45:58,120 --> 00:46:00,400 Speaker 1: person that goes. And then he takes the ball on 885 00:46:00,440 --> 00:46:02,879 Speaker 1: the four yard line and cuts it outside and runs 886 00:46:02,880 --> 00:46:05,319 Speaker 1: it down to the three tackled hard by number eighty five. 887 00:46:05,480 --> 00:46:08,160 Speaker 1: And then the color guy comes in and says, I 888 00:46:08,200 --> 00:46:11,120 Speaker 1: gotta tell you, man, the way they're playing tonight, it 889 00:46:11,120 --> 00:46:13,200 Speaker 1: looks like they're pretty inspired. I don't know if the 890 00:46:13,280 --> 00:46:15,000 Speaker 1: cheerleaders are getting them all pumped up or what. 891 00:46:15,120 --> 00:46:17,680 Speaker 2: Oh that's great. Okay, Then who was Cosel? 892 00:46:18,200 --> 00:46:22,280 Speaker 1: Well, Cosell was Cosell. He was. We should do a 893 00:46:22,320 --> 00:46:24,920 Speaker 1: full podcast on him. The guy is a is a legend, 894 00:46:25,120 --> 00:46:30,120 Speaker 1: an amazing broadcaster. You know, was fired in disgrace at 895 00:46:30,120 --> 00:46:32,720 Speaker 1: one point. But yeah, quite quite a story. But Cosell 896 00:46:32,840 --> 00:46:36,319 Speaker 1: was just he he was sort of a cerbic and 897 00:46:36,360 --> 00:46:39,200 Speaker 1: he would make fun of players and people and teams and. 898 00:46:39,200 --> 00:46:41,840 Speaker 2: Oh he was the Dennis for mill Time. 899 00:46:42,440 --> 00:46:45,560 Speaker 3: Well much better. 900 00:46:46,120 --> 00:46:48,600 Speaker 1: But you know, Cossel was very famous for sort of 901 00:46:48,719 --> 00:46:51,120 Speaker 1: verbally sparring with Ali and going toe to toe with 902 00:46:51,160 --> 00:46:55,319 Speaker 1: Ali in interviews, and just a great broadcaster while he 903 00:46:55,400 --> 00:46:58,040 Speaker 1: was doing his job, and he was the third sort 904 00:46:58,080 --> 00:47:00,680 Speaker 1: of wild card, and he and Don Meredith would go 905 00:47:00,760 --> 00:47:03,600 Speaker 1: at it and when when Gifford came in, that was 906 00:47:03,640 --> 00:47:07,160 Speaker 1: really a solid team and they it was a huge hit. 907 00:47:07,200 --> 00:47:10,439 Speaker 1: I think it's still one of the highest rated TV 908 00:47:10,680 --> 00:47:12,360 Speaker 1: series period on television. 909 00:47:13,320 --> 00:47:16,680 Speaker 2: Yes, and it's one of the longest running too, although 910 00:47:17,160 --> 00:47:19,320 Speaker 2: it started in nineteen seventy, right. 911 00:47:21,200 --> 00:47:22,799 Speaker 1: Yeah, did we even say what day was it was? 912 00:47:23,239 --> 00:47:25,680 Speaker 2: Well, it was a Monday in nineteen seventy It was. 913 00:47:26,040 --> 00:47:28,960 Speaker 1: The Browns Jets and the Browns won thirty one twenty one, 914 00:47:28,960 --> 00:47:29,279 Speaker 1: I know that. 915 00:47:29,320 --> 00:47:31,399 Speaker 2: And it's been going ever since then. So this thing's 916 00:47:31,440 --> 00:47:34,920 Speaker 2: been on for fifty three years, but it's it's a 917 00:47:34,960 --> 00:47:37,560 Speaker 2: baby compared to some of the longest running TV shows 918 00:47:37,600 --> 00:47:41,560 Speaker 2: in America. General Hospital started in nineteen thirty six, Guiding 919 00:47:41,640 --> 00:47:45,160 Speaker 2: Light came the year after. Sesame Street's been on even longer. 920 00:47:45,560 --> 00:47:50,680 Speaker 2: So it's old, but there's older just f yi, Yeah. 921 00:47:50,480 --> 00:47:52,880 Speaker 1: For sure, and it bears pointing out The reason they 922 00:47:52,920 --> 00:47:57,520 Speaker 1: went with the Jets was because the guy from ABC 923 00:47:57,719 --> 00:48:02,160 Speaker 1: was like, we have to get Joe Namath on TV 924 00:48:02,280 --> 00:48:05,080 Speaker 1: for this first game, because Joe Namath was a huge 925 00:48:06,080 --> 00:48:08,360 Speaker 1: football star with the AFL and then when they merged 926 00:48:08,400 --> 00:48:11,840 Speaker 1: in the NFL and just a huge presence. He was 927 00:48:11,840 --> 00:48:12,919 Speaker 1: a sex symbol. 928 00:48:13,080 --> 00:48:14,480 Speaker 2: And a Brady Bunch. 929 00:48:14,920 --> 00:48:16,640 Speaker 1: It was like he and Burt Reynolds were like the 930 00:48:16,680 --> 00:48:20,279 Speaker 1: two hot guys of the moment and they had to 931 00:48:20,280 --> 00:48:21,040 Speaker 1: get Namoth in there. 932 00:48:21,080 --> 00:48:22,280 Speaker 3: So that's why they went with the Jets. 933 00:48:22,280 --> 00:48:26,120 Speaker 2: Smart, Well, you got anything else, I got nothing else? 934 00:48:26,200 --> 00:48:31,480 Speaker 2: What's our episode on Monday Night football? Everybody? So if 935 00:48:31,480 --> 00:48:33,040 Speaker 2: you want to know more about all this stuff, we 936 00:48:33,040 --> 00:48:35,279 Speaker 2: would say head on over to How Stuff Works. You 937 00:48:35,320 --> 00:48:38,160 Speaker 2: can read the mystery one we left out. And by 938 00:48:38,200 --> 00:48:40,600 Speaker 2: the way, this was written by our very own Dave Ruse, 939 00:48:40,960 --> 00:48:43,319 Speaker 2: So hats off Troy Ruse for that. Thank you. 940 00:48:43,440 --> 00:48:45,919 Speaker 1: We just have to email Dave separately and make fun 941 00:48:45,920 --> 00:48:48,880 Speaker 1: of him for calling Reese's Pieces peanut butter and chocolate candies. 942 00:48:48,920 --> 00:48:50,400 Speaker 1: Yeah that was or not? 943 00:48:50,520 --> 00:48:54,040 Speaker 2: That was written by somebody who's clearly never had Reese's Pieces. 944 00:48:54,440 --> 00:48:57,120 Speaker 1: I mean, technically you make and say that candy shell 945 00:48:57,280 --> 00:48:57,879 Speaker 1: is Nope. 946 00:48:57,920 --> 00:49:00,920 Speaker 2: Chocolate, Nope, not at all. There's not a drop of 947 00:49:00,960 --> 00:49:02,440 Speaker 2: chocolate in Reese's pieces. 948 00:49:02,680 --> 00:49:05,439 Speaker 1: Well, I don't mean the ingredients, but is it? I mean, 949 00:49:05,719 --> 00:49:07,120 Speaker 1: isn't it known as a chocolate jop? 950 00:49:07,200 --> 00:49:11,680 Speaker 2: No, it's a candy coated peanut butter candy peanut butter confection. 951 00:49:12,520 --> 00:49:14,319 Speaker 3: What about M and MS? Is that a chocolate chow? 952 00:49:14,520 --> 00:49:14,800 Speaker 1: Totally? 953 00:49:14,880 --> 00:49:18,160 Speaker 2: No, it's a candy coated chocolate inside, and then sometimes 954 00:49:18,160 --> 00:49:22,359 Speaker 2: there's an additional inner nugget of peanutter. God knows what now. 955 00:49:22,360 --> 00:49:25,280 Speaker 2: But originally all kinds of stuff, it was candy coated chocolate. 956 00:49:25,840 --> 00:49:28,560 Speaker 2: This is a candy coated peanut butter candy. 957 00:49:29,719 --> 00:49:31,000 Speaker 1: I mean, I know what it is. I just didn't 958 00:49:31,040 --> 00:49:35,279 Speaker 1: know if that was the thinnest proximation of chocolate. Nope. 959 00:49:36,480 --> 00:49:38,319 Speaker 2: Well, I think we already kind of kicked it over 960 00:49:38,360 --> 00:49:40,160 Speaker 2: to house to fork, So that means, of course, everybody, 961 00:49:40,239 --> 00:49:41,439 Speaker 2: it's time for listener mail. 962 00:49:44,560 --> 00:49:47,359 Speaker 1: Hey, guys, Love Love Love Love. The show started listening 963 00:49:47,400 --> 00:49:49,560 Speaker 1: when I was working my very first job after graduation 964 00:49:49,680 --> 00:49:52,840 Speaker 1: during the pandemic. Spotify kept prompting me to try to 965 00:49:52,840 --> 00:49:54,719 Speaker 1: listen to stuff you should know, and I thought the 966 00:49:54,760 --> 00:49:58,080 Speaker 1: title was condescending. It first. I truly thought the podcast 967 00:49:58,560 --> 00:50:00,759 Speaker 1: would be telling me about the stuff I already should 968 00:50:00,800 --> 00:50:02,719 Speaker 1: know at this point in my life, like, oh, here's 969 00:50:02,760 --> 00:50:05,040 Speaker 1: how to fold laundry, or here's how to do your taxes. 970 00:50:05,520 --> 00:50:07,279 Speaker 1: The joke's on me, though, because I think one of 971 00:50:07,280 --> 00:50:10,360 Speaker 1: the first episodes I listened to was about Satanism. 972 00:50:10,880 --> 00:50:12,279 Speaker 2: Why don't you know about that? All? Right? 973 00:50:12,280 --> 00:50:15,279 Speaker 1: Exactly at this point wherever I started to get into something, 974 00:50:15,280 --> 00:50:17,680 Speaker 1: i'd do a quick search on the podcast first to 975 00:50:17,719 --> 00:50:20,840 Speaker 1: see if you've covered it before checking out Google. You 976 00:50:20,840 --> 00:50:23,200 Speaker 1: two are great teachers to make every single topic of hoot. 977 00:50:23,280 --> 00:50:25,560 Speaker 1: So imagine my dismay when I started getting back into 978 00:50:25,600 --> 00:50:27,040 Speaker 1: sailing and I saw you. 979 00:50:27,040 --> 00:50:28,280 Speaker 3: I haven't even skimmed the surface. 980 00:50:28,719 --> 00:50:31,319 Speaker 1: I think you should look into sailing guys, because it's 981 00:50:31,360 --> 00:50:35,560 Speaker 1: really interesting. Sneak preview. The wind is technically pulling, not 982 00:50:35,600 --> 00:50:36,360 Speaker 1: pushing your boat. 983 00:50:36,880 --> 00:50:40,080 Speaker 2: Yeah, Buck pester Fuller said, the wind sucks instead of blows. 984 00:50:41,360 --> 00:50:44,240 Speaker 3: See, you can't teach you anything. You know that stuff already. 985 00:50:44,400 --> 00:50:46,319 Speaker 2: You may taught me that, so I got a head 986 00:50:46,360 --> 00:50:46,799 Speaker 2: tip her. 987 00:50:47,280 --> 00:50:49,239 Speaker 3: Yeah. Well, and he taught her, and he taught us 988 00:50:49,280 --> 00:50:50,319 Speaker 3: all about the geodesicdom. 989 00:50:50,480 --> 00:50:52,440 Speaker 2: That's right, and synergy Chuck. 990 00:50:52,440 --> 00:50:56,520 Speaker 1: That's right. Oh all right, that's from Sam and Sam 991 00:50:56,680 --> 00:50:59,120 Speaker 1: sailing reeks to me of one of those that we 992 00:50:59,160 --> 00:51:02,600 Speaker 1: would flay a little bit at and just get crushed 993 00:51:02,600 --> 00:51:04,000 Speaker 1: by sailing enthusiasts. 994 00:51:04,320 --> 00:51:05,760 Speaker 3: Yes, but maybe we'll do it anyway. 995 00:51:06,120 --> 00:51:10,040 Speaker 2: Well, yeah, why spare sailors. We've done it for chess players, 996 00:51:10,719 --> 00:51:13,200 Speaker 2: European football players, everybody. 997 00:51:12,719 --> 00:51:13,719 Speaker 1: Soccer surfers. 998 00:51:13,960 --> 00:51:16,960 Speaker 2: Right. If you want to get in touch with this 999 00:51:17,080 --> 00:51:19,880 Speaker 2: like Sam did and suggest some topic that you know 1000 00:51:19,960 --> 00:51:22,600 Speaker 2: about that you'd like us to ruin for you, you 1001 00:51:22,600 --> 00:51:25,400 Speaker 2: can send it in an email to Stuff Podcasts at 1002 00:51:25,440 --> 00:51:29,080 Speaker 2: iHeartRadio dot com. 1003 00:51:30,000 --> 00:51:32,880 Speaker 1: Stuff you Should Know is a production of iHeartRadio. For 1004 00:51:32,960 --> 00:51:37,120 Speaker 1: more podcasts my heart Radio, visit the iHeartRadio app, Apple Podcasts, 1005 00:51:37,239 --> 00:51:39,080 Speaker 1: or wherever you listen to your favorite shows.