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Morning Brew Daily

Are Reality TV Stars…Employees? & ‘Hot Ones’ Sold For $82M

Fri, 13 Dec 2024

Description

Episode 474: Neal and Toby dive into a labor dispute that could change the landscape of reality TV shows, and at the center of it all: Netflix’s ‘Love is Blind.’ Then, BuzzFeed sells off its wildly popular show ‘Hot Ones’ for a massive $82M deal. Also, people are scared, nervous, concerned, and confused about drones flying over the tri-state area as government officials have no idea where they’re coming from. Meanwhile, the Stock of the Week is Google’s AI agent, while the Dog of the Week are healthcare insurance companies after the fallout of the UnitedHealthcare CEO killing. Lastly, the biggest news for you to close out your day.  Visit https://www.sage.com for more! Subscribe to Morning Brew Daily for more of the news you need to start your day. Share the show with a friend, and leave us a review on your favorite podcast app. Listen to Morning Brew Daily Here: https://link.chtbl.com/MBD Watch Morning Brew Daily Here: https://www.youtube.com/@MorningBrewDailyShow Learn more about your ad choices. Visit megaphone.fm/adchoices

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Chapter 1: What is the significance of the NLRB's complaint about reality TV shows?

361.006 - 397.235 Neal Freiman

And the companies are not gonna, you know, go down quietly. They issued a response last year to one of these lawsuits. The show's creator said, So that's the producers' side. They're saying... Look, they signed up for this. We're giving them fame and celebrity and things like that. We signed a contract and this is what they agreed to. So that is, you know, the battle lines are being drawn.

0

397.255 - 409.78 Neal Freiman

This will be resolved next year one way or the other. The big question mark is whether this is a huge reckoning for reality TV if they are classified as employees or whether it's a nothing burger. And that all depends on who Trump is.

0

410.1 - 430.13 Neal Freiman

jaja points to the national labor review board because it is a it is a commission made up of of a bunch of different people of your points are republican that this thing is going to be absolutely dead in the water and they're just going to go back to the way things were but it does seem like there's a broader what they call a reality reckoning around the bravo verse right now you know bethany frankl is probably one of the most famous

0

430.47 - 445.13 Neal Freiman

Real Housewives called for unionization among contestants last year. So there's a broad acknowledgement that perhaps reality TV contestants should be afforded more rights as compared to the other industries that everyone works in.

0

445.871 - 460.076 Neal Freiman

BuzzFeed hat das Studio hinter dem YouTube-Show Hot Ones für eine non-poultry Summe von 82,5 Millionen Dollar verkauft, um eines ihrer größten Wettbewerbs-Assets aufzulösen, um seine kämpfende Geschäftsführung aufzulösen. Also, wer hat es von BuzzFeed gekauft?

460.116 - 480.487 Neal Freiman

Ein Konsortium von Investoren, geführt von einem Affiliat von Soros Fund Management, hat die Paar-Kompanie von Hot Ones genannt, die First We Feast, und wird es als unabhängige Entität runten. Das Show, in dem cool-as-a-Cucumber-Host Sean Evans Celebren interviewt, während sie immer heißere Chicken Wings essen, ist seit seinem Debut im Jahr 2015 ein massiver Hit geworden.

480.547 - 498.859 Neal Freiman

First We Feast hat über 14 Millionen YouTube-Subscriber und verdient rund 30 Millionen Dollar im jährlichen Wettbewerb. Das ist ein schönes Geschäft, aber BuzzFeed hat Geld zu bezahlen. Speziell eine 120-Millionen-Dollar-Tab von Wettbewerb und Interesse, die letzte Woche durchgeführt wurde. Es verwendet die Prozesse der Hot Ones-Sale, um das zu bezahlen.

499.199 - 522.021 Neal Freiman

So it only has 30 million dollars in debt remaining. Now BuzzFeed is in a much better place financially, saying it has a cash balance bigger than its total outstanding debt. Still, Tobi, I have a lot of questions here. Hot Ones was the one thing BuzzFeed had going for it. What's the strategy going forward? And for Hot Ones and First We Feast, what is the ceiling for them as an independent company?

522.061 - 522.482 Neal Freiman

Please answer.

Chapter 2: How could reality TV contestants gain employee status?

702.225 - 724.516 Toby Howell

Witnesses described the drones as being about the size of bicycles or even small cars, with some seen flying in clusters late at night. Understandably, residents have called on public officials to figure out what the heck is going on. Yesterday, the White House's National Security Communications Advisor, John Kirby, assured the public that there is no threat to public safety or national security.

0

724.556 - 743.249 Toby Howell

But the same day, Senator Richard Blumensahl hat gesagt, dass sie, wenn es notwendig, geschlossen werden sollten. Ein Gefühl, das von zwei New Jersey-Kongressmannen, Chris Smith und Jeff Van Drew, die sich auf die Militärin angerufen haben, um sie auch zu schießen. Die FBI hat vorliegend eine Investition geöffnet, um die Residenz zu fragen, welche Videos und Fotos sie haben können.

0

743.569 - 748.853 Toby Howell

Es ist das ganze Ding geworden und der einzige Konsens, Neil, ist, dass niemand wirklich weiß, was sie sind.

0

749.233 - 768.675 Neal Freiman

No, I was going down a deep thread last night and there are so many more questions than answers. I think one thing you could probably point to is maybe some of them are just planes. There's a lot of private airports in New Jersey and people might have this confirmation bias where there's knowing that others are seeing drones in their state.

0

768.695 - 785.787 Neal Freiman

They might be seeing them as well and documenting just actual planes. But it does remind you a bit of the panic around the Chinese spy balloon where we sent an F-16 to shoot down a hobbyist balloon that cost $10 with a Sidewinder missile.

785.847 - 825.38 Neal Freiman

So there's a question of whether this is a panic, but also at the same time, mayors and local officials are putting a lot of pressure on people at the national level Ja, genau. So those two things and then you have officials saying they saw him over critical infrastructure as well has led to a lot of nerves and that is completely understandable.

825.4 - 834.109 Neal Freiman

So you have this push and pull between local mayors saying we demand answers and federal officials saying there's maybe not much to see here and we'll see what happens going forward.

834.209 - 852.361 Toby Howell

I mean, there is this background context of an increased interest in UFOs, but as the government classifies them as UAPs, which are Unidentified Anomalous Phenomenon. There have been two major hearings this year on UAPs held in front of Congress, where leaders are just calling for greater transparency from the Pentagon.

852.381 - 866.89 Toby Howell

So I think you can't talk about these things without also talking around the greater interest at the governmental level when it comes to UAPs, UFOs, whatever you want to call them. So Bis wir herausfinden, was das ist, ist es immer nur eine große Frage.

Chapter 3: What are the financial implications of BuzzFeed selling 'Hot Ones'?

866.91 - 874.916 Toby Howell

Wir haben heute Morgen gesprochen und sie denken, die einzige mögliche Erklärung ist nur, dass ein Hobbyist einen wirklich großen Drohnen hat und es nur fliegt und die Leute sind über das verrückt.

0

Chapter 4: Who acquired 'Hot Ones' and what does it mean for the show's future?

874.976 - 891.267 Toby Howell

Aber bis du Antworten hast, dann gibt es wirklich nichts, was du sagen kannst, außer dass du hoffst, dass es nicht die nationalen Sicherheit beeinflusst oder nicht eine Bedrohung von einem anderen Land ist, von dem der Pentagon gesagt hat, dass er es nicht glaubt. Aber bis einer dieser Drohnen aus dem Himmel ausgetragen wird und überprüft wird, wissen wir einfach nicht.

0

893.308 - 900.47 Toby Howell

Up next, it's Stock of the Week, Dog of the Week time.

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900.51 - 919.414 Neal Freiman

Welcome to Stock of the Week, Dog of the Week. The Friday segment where Tobi and I pick one stock that nailed the high note in Defying Gravity and another that had to take it down the octave. I won the pre-show contest of who hosted yesterday, so I get to go first. And my Stock of the Week is Google, or Alphabet if you want to be a snob about it.

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919.854 - 935.872 Neal Freiman

Alphabet, Google's parent company, shot up more than 11% this week after the company released a new AI model that sets the stage for a universal personal assistant that can do pretty much anything you want for you. Oh, and there was also that quantum computer that proved the existence of the multiverse.

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936.212 - 959.123 Neal Freiman

But back to the AI stuff, because that's what get investors really foaming at the mouth these days. Google lifted the lid on Gemini 2.0, its upgraded AI model that lays the foundation for AI agents, which is like ChatGPT on steroids. While chatbots can provide answers to your questions and write bad novels, they require some handholding. Let's talk about timing.

975.755 - 988.878 Neal Freiman

None of these agents will hit your Chrome browser anytime soon, but they will come next year. And that seems good enough to placate investors who are seriously worried about Google Search losing its throne to AI upstarts like ChatGPT and Perplexity.

988.958 - 1008.086 Toby Howell

It really was a great week for Google. Go back to even earlier this year and it seemed like the AI revolution was passing it by. It was falling behind in this critical race, but now... A lot of things are going on at Google that will get you reason to be excited. They have another project called Project Astra, which introduces a virtual assistant like a Siri, like an Alexa.

1008.146 - 1027.9 Toby Howell

That's slightly more natural to talk to. It can remember and refer back to past interactions. It also is teaming up with Samsung to try to take on Meta in this resurgent market for smart glasses and VR headsets, which is ironic because we're almost a decade removed from its first attempt in Google Glass that went very, very poorly.

1028.34 - 1042.551 Toby Howell

Es hat auch das neue AI genCAT, ein Wetter-Prediktionsmodell, mit dem man 15 Tage vor dem Wetter-Vorgang präsentieren kann. Und du hast auch das Quantum Computing-Programm erwähnt, das Willow-Chip, das die Error-Rate in Quantum Computing reduziert.

Chapter 5: What are the mysterious drones spotted over New Jersey?

1243.251 - 1264.988 Toby Howell

And then all you have to do is point to the stock gains that these companies have seen in the past two decades. Over the last 20 years, United Health Group, it's up 1,200%. Let's sprint to the finish with some final headlines.

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1266.429 - 1286.246 Neal Freiman

President-elect Trump was named Time Magazine's Person of the Year for the second time. And to celebrate, he rang the opening bell at the New York Stock Exchange to kick off the trading day. It was a jubilant scene with loads of finance execs in attendance, including Goldman Sachs CEO David Solomon, Citigroups Jane Frazier and Pershing Squares Bill Ackman.

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1286.306 - 1306.18 Neal Freiman

They're excited about Trump's second stint in the White House because his administration is expected to cut taxes, deregulate companies and spur more merger activity, all things that would seemingly benefit Wall Street. Here's an interesting fact, though. Despite being a New Yorker and being in the business scene for decades, Trump's never rung the opening bell before.

0

1306.2 - 1314.182 Neal Freiman

The Stock Exchange started inviting guests to do it starting in 1965 with a 10-year-old who won a stock market quiz show.

0

1314.262 - 1328.065 Toby Howell

Oh, that is a good, fun fact, actually. I've always wanted to ring the bell. We have been to the New York Stock Exchange. It is a very cool place. I do want to talk about him winning Time Magazine's Person of the Year, though. There were some people saying it comes with an asterisk because...

Chapter 6: How are officials responding to the drone sightings?

1329.245 - 1353.036 Toby Howell

Tell me if you think that he's a system Time Person of the Year candidate, because each of the last seven presidential election years and four of the seven before that have been named Time Person of the Year. Whoever won the White House became Time Person of the Year. So all you got to do is win the White House, which I mean, I guess is quite the feat to be named Time Person of the Year.

0

1353.056 - 1374.45 Toby Howell

The President seems to have an inside track to that award. YouTube TV, you done messed up. The streaming TV provider set off a firestorm of negativity yesterday after it announced another price hike, bringing its monthly cost to $83, a 137% increase from its 2017 launch price.

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1374.49 - 1397.581 Toby Howell

The $10 hike has subscribers seeing red and set off this big brouhaha online with a lot of people, citing YouTube TV's shift from an affordable streaming alternative to what feels a lot like traditional cable pricing. Es gibt keine neuen Inhalte, aber es scheint, dass sie ihre Karten bezahlen müssen. YouTube TV hat 2 Billionen Dollar pro Jahr bezahlt.

0

1403.643 - 1403.743 Neal Freiman

Genau.

0

1432.643 - 1441.407 Toby Howell

Das ist der Grund, warum die Internet-Internet-Internet-Internet-Internet-Internet-Internet-Internet

Chapter 7: What is the public's reaction to the drone situation?

1464.018 - 1487.604 Neal Freiman

Still, the predictions are that it will eclipse Comcast in 2026 as the country's largest paid TV provider. So there's that. What do Michael Jordan, Rob Gronkowski and Jim Carrey have in common? They all came out of retirement. Jim Carrey returned to work to voice Dr. Robotnik in Sonic the Hedgehog 3, opening next week. But the legendary actor did so for a fairly commonplace reason.

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1487.824 - 1504.032 Neal Freiman

He needed the money. In an interview on the red carpet before the movie's London premiere, Carey said he came back first of all because he gets to play a genius and also, quote, I bought a lot of stuff and I need the money, frankly. It's a U-Turn for a guy who said he was retiring from the game two years ago.

0

1504.092 - 1514.498 Neal Freiman

In 2022, he told The Hollywood Reporter, I really like my quiet life and I really like putting paint on canvas and I really love my spiritual life and I feel like I have enough. Apparently not.

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1514.738 - 1528.048 Toby Howell

Apparently not. You said you just went to Wicked and in the previews you saw Sonic 3 advertised and you swore you heard Jim Carrey's voice, which is what set off kind of like this whole headline because it makes sense. He seems like someone who wouldn't need to work anymore.

0

1528.088 - 1541.819 Toby Howell

He has quite the movie catalog, but you know, money doesn't grow on trees unless you suddenly wake up and become God, as Jim Carrey has once done before. But now that we're talking Jim Carrey, I need to know your favorite Jim Carrey movies.

Chapter 8: What broader context does the UAP phenomenon provide?

1542.059 - 1558.941 Neal Freiman

I mean, I do love the Ace Ventura ones. Those are so funny. I know I will like Eternal Sunshine of the Spotless Mind better. I just haven't seen it yet, but that movie is totally up my alley. I hear amazing things. So once I watch that, that will certainly rise in the power rankings. But for now, it's Ace Ventura.

0

1559.241 - 1572.589 Toby Howell

Es war interessant, Jim Carrey als derjenige zu sehen, der gesagt hat, ich brauche das Geld hier, weil er sehr glücklich in seiner Verwaltungszeit war. Es scheint, als hätte er alles hinter sich gelegt, aber die Karten sind aufgeräumt und man muss Geld bezahlen.

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1572.609 - 1591.721 Neal Freiman

Naja, du weißt ja, wie er es schreibt. Sein Kunstwerk ist nicht sehr gut. Der Guardian hat es überprüft und gesagt, es war erstaunlich schlecht und eine Lüge. Vielleicht war das nicht der richtige Career Path für ihn in der Verwaltungszeit. Das war's für heute. Vielen Dank, dass ihr am Morgen mit uns startet. Habt einen tollen Freitag und einen besseren Wochenende.

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1591.761 - 1606.694 Neal Freiman

Für Fragen, Kommentare oder Feedback schreibt einen E-Mail an morningbrewdaily.com. Und vergesst nicht, den Podcast mit Freunden, Familie und Co-Arbeitern zu teilen, die einen kurzen Hits von Business News in der Morgen. Für einige Sharing-Inspo vor dem Wochenende ist Tobi hier mit einer Idee.

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1606.974 - 1619.603 Toby Howell

I want you to share this podcast with someone who's been having a little bit of bad luck recently. It is Friday the 13th. Someone in your life has probably been going through it. So toss on this episode to cheer them up and let them know things do turn around.

1619.683 - 1639.061 Neal Freiman

Let's roll the credits. Emily Milliron is our executive producer. Raymond Liu is our producer. Olivia Graham is our associate producer. Uchenawa Ogu is our technical director. Billy Menino is on audio. Hair and Makeup has come out of retirement. Devin Emery is our chief content officer. And our show is a production of Morning Brew. Great show, Daniel. I wish you all well.

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