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Hollywood Bets Big on the Bad Entrepreneur

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Hollywood Bets Big on the Bad Entrepreneur

“I’m not a nasty man,” the Fb founder Mark Zuckerberg (Jesse Eisenberg) insists on the finish of “The Social Community,” the 2010 movie that outlined the cultural response to younger tech billionaires. Zuckerberg’s considerate lawyer (Rashida Jones), an invented character who serves largely to adjudicate Zuckerberg’s persona, assures him that she doesn’t suppose he’s a jerk: “You’re simply making an attempt so exhausting to be one.”

Twelve years later, this ambivalence towards tech titans has resolved. The brand new consensus is that there’s certainly one thing improper with these individuals. Contemplate the brand new Showtime restricted collection “Tremendous Pumped,” which charts the rise and fall of the Uber founder Travis Kalanick (Joseph Gordon-Levitt). As Kalanick stomps throughout the tech scene, John Zimmer, the measured founding father of rival Lyft, diagnoses Kalanick’s drawback, and his superpower: “You’re not human sufficient.”

“Tremendous Pumped” (based mostly on the e-book by Mike Isaac, a reporter for The New York Occasions) arrives amid a wave of collection about unhealthy entrepreneurs — figures who exemplify the delusions of start-up hype as they lure buyers to bankroll concepts that turn into silly, evil or fraudulent. In Hulu’s “The Dropout,” Amanda Seyfried performs Elizabeth Holmes, the Theranos founder who dons a black turtleneck and pretends that she has developed expertise that may diagnose illnesses with a single drop of blood. In Apple TV+’s “WeCrashed,” Jared Leto performs Adam Neumann, the weirdly shoeless WeWork founder who hustles a $47 billion valuation for a bunch of co-working areas that he says represent a world consciousness-raising motion.

Even “Inventing Anna,” the Netflix collection from Shonda Rhimes specializing in the SoHo grifter Anna Delvey (Julia Garner), feels sympatico. Delvey, whose actual title is Anna Sorokin, floats via the millennial start-up scene along with her unplaceable European accent, bumping into the pharma bro Martin Shkreli and Billy McFarland, the Fyre Competition fraudster, as she tries (however principally fails) to persuade buyers that she is a German heiress launching an unique membership she has named after herself.

These collection vary from the tedious (“Inventing Anna” makes Delvey’s high-wire deceptions as uninteresting because the bus trip to Rikers Island) to the sublimely weird (when Seyfried confronts a mirror in smeared lipstick, she brings Joker-origin-story vitality to Silicon Valley’s most infamous girlboss). Watching them collectively, they create a shared universe during which scamming and entrepreneurship meet in a chaotic portrait of American decline. Sprinkled via the reveals are film stars enjoying rich weirdos, maximalist title playing cards demystifying monetary transactions, private-jet tantrums, questionable hair makeovers, vomit-marred employees events and plenty of self-aggrandizing comparisons to Steve Jobs.

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The businesses’ story traces are all the time spilling into one another. In “The Dropout,” Theranos companions focus on a brand new app that “permits you to pay for a cab in your cellphone”; in “WeCrashed,” Neumann watches on tv as Kalanick is ousted from Uber’s board; in “Inventing Anna,” Delvey’s lawyer operates out of a WeWork.

The central figures usually seem like mirrored pictures: Whereas Kalanick amasses cynical workers who wish to break stuff, Neumann invitations his deluded employees to “construct tomorrow.” And as Holmes artificially lowers her voice to venture a masculine presence, Delvey makes use of a voice-modulating app to impersonate the German supervisor of her nonexistent belief fund. Their arcs all resemble electrified variations of Hieronymus Bosch’s “The Backyard of Earthly Delights,” the place utopian goals give method to wild sprees earlier than devolving into smash.

Most of those topics are already intensely acquainted. Although tales of company extra have lengthy captivated the media and leisure industries, by no means have the headlines been ripped as rapaciously (and as shortly) as they’re now. Since Holmes’s claims have been uncovered as fantasy in The Wall Road Journal in 2015, for instance, her downfall has been restaged in a book-length exposé, a number of podcasts, a feature-length HBO documentary, a web-based market of ironic fan gear, “The Dropout” and, maybe sometime, a film starring Jennifer Lawrence, which stays in improvement.

“The Social Community” lined Fb’s origins in simply two hours, however this new entrepreneur class is being reprocessed via hourlong episodes that drop week after week. Whilst these reveals solid skepticism on speculative tech bubbles, they work to inflate a bubble of their very own, as multiplying streaming providers shovel money into status restricted collection to bait viewers and knock out opponents. They really feel calibrated to sport the market in the identical method: safe examined mental property on a current scandal, recruit very well-known individuals to impersonate the gamers, tempo the story to a limited-series schedule (lengthy sufficient to advertise binge-watching, transient sufficient to lock in busy celebrities and justify budgets), then hope subscribers don’t cancel after the finale.

Whereas HBO’s “Succession” has well imbued its bad-business story with the regenerative powers of a sitcom, toppling and resetting its chess board each season, the restricted collection is beholden to its rigid arc. It tends to proceed like a morality play, with a agency decision signaling a lesson discovered. These reveals course of the identical period in the identical type via the identical zeitgeist, they usually come to comparable conclusions. One is that the road between scammers like Delvey and titans like Kalanick is slim, and entire techniques of energy are implicated of their rise. As one “Inventing Anna” character places it, talking with the cool readability of a Shondaland oracle: “Everybody right here is operating a sport. Everybody right here wants to attain. Everybody right here is hustling.”

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However whereas “The Social Community” implies that Zuckerberg was introduced low by the dizzying stakes of the start-up scene, these reveals counsel that some persons are drawn to that scene as a result of they’re ruthless egomaniacs. The system rewards them — “be crazier,” Masayoshi Son, the chief government of SoftBank, advises Neumann — so long as the corporate valuation rises. The difficulty comes solely when the manager’s erratic conduct attracts adverse press consideration and threatens to spook the market and shake stakeholders’ fortunes.

Usually the unhealthy conduct issues the mistreatment of ladies. As Tim Prepare dinner (Hank Azaria) of Apple warns Kalanick (the man who thought it was a good suggestion to say “Boober” to a reporter), girls are “the canary within the coal mine” of company dysfunction. Whereas “The Social Community” argues that Zuckerberg began Fb in a pique of informal (and largely exaggerated) misogyny, rampant sexism is now pitched because the tech trade’s defining high quality — a weak spot that threatens to topple unhealthy males and, typically, carry unhealthy girls. In “The Social Community,” girls are relegated to the position of loopy girlfriend or comely intern, and whereas this will likely mirror the chauvinism of Harvard and Silicon Valley, it additionally reinforces it. A refreshing improvement of those new tales is that girls, too, are allowed to flourish into world-historical narcissists, usually underneath the guise of countering that chauvinism.

Holmes rises by courting the admiration of, per one episode title, “Previous White Males,” but additionally by positioning herself as a feminist triumph who speaks earnestly about girls lifting girls and, laughably, preventing the scourge of “impostor syndrome.” “WeCrashed” provides equal time to Neumann’s woo-woo spouse, Rebekah Paltrow Neumann (Anne Hathaway), who publicizes at an organization retreat that girls should assist males “manifest their calling in life,” then manifests her personal calling via her husband’s firm, firing workers with “unhealthy vitality” and beginning a WeWork faculty for indoctrinating kids into acutely aware entrepreneurship. And the “Tremendous Pumped” model of Arianna Huffington is performed by Uma Thurman as a suspect operator who flatters Kalanick — “Travis and I share a connection that one not often finds on this world males have constructed,” she purrs — and rises increased within the firm as different girls sink.

Uma Thurman as Arianna Huffington within the Travis Kalanick story — that appears like Hollywood phrase salad, however it’s engrossing however. A part of the draw of those reveals is the curiosity hole they create once they assign a film star to a reputation within the information. Although we could also be overly aware of, say, Elizabeth Holmes, we have now not beforehand seen her story interpolated by an actor, and the Hollywoodification guarantees to disclose one thing that journalism can not all the time provide: perception into what, precisely, is improper along with her. Seyfried performs Holmes as earnest, pushed, weak and hypercritical earlier than she turns chilly, manipulative and despotic. I don’t understand how true that portrait is, however I believe that with an actor as perceptive as Seyfried, Holmes might come to appear extra complicated than she actually is.

Just lately the absurdity of enterprise capital has been dwarfed by the spectacle of cryptocurrency, and now crypto tales are being churned into content material even sooner than their predecessors. Inside days of the arrests of Ilya Lichtenstein and Heather Morgan, dubbed the “Bonnie and Clyde of Bitcoin” and accused of a scheme to launder billions, the story had been optioned for a collection. It’s being developed by Forbes Leisure, the manufacturing arm of the monetary journal which till not too long ago allowed Morgan to hold forth on its web site as a ForbesWomen columnist, providing her “knowledgeable recommendation to guard an organization from cybercriminals.” That’s the most recent twist within the Hollywood I.P. gambit: Assist construct the parable, then dramatize the autumn.

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Video: Google C.E.O. Comments On Landmark Monopoly Ruling

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Video: Google C.E.O. Comments On Landmark Monopoly Ruling

“Sundar Pichai is here, everybody, the C.E.O., of course, of Alphabet and Google. How much of your time, and I promise we’d get to it, is spent these days on thinking about this legal case that you are the center of with the U.S. government saying you’re a monopoly and we are going to break you up? They have talked about effectively trying to do a whole bunch of things, spinning off Chrome, figuring out how to deal with Android, preventing you from paying folks like Apple to make Google the default search engine on the phone.” “Look, I spend the vast majority of my time on innovation and product innovation we need to do as a company. But at our scale as a company, it’s a big part of my job to engage with regulators and viewed it as an important part of my role to do that. From a legal standpoint, look, these are complex cases. They are in the thick of it. We have very, very capable teams which work through it. I have, I spend time, but it’s not an extraordinary amount of time or something like that, yeah.” “But what do you think your chances are, if you will? I mean, do you say to you, I don’t know how much you want to speculate, but there’s a big question mark about if any of these things were to come to pass, what it would do to the business?” “Look, I mean, I would say this even through the ruling, the judge commented on that we are clearly the highest quality search engine product out there. And we have gotten to that position by innovating ahead of everyone else.”

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L.A. County supervisors seek aid for hundreds of workers affected by Phillips 66 refinery closure

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L.A. County supervisors seek aid for hundreds of workers affected by Phillips 66 refinery closure

With a major oil refinery in Wilmington and Carson scheduled to close next year, Los Angeles County officials are looking to shore up resources for hundreds of workers who will be left without jobs.

The Los Angeles County Board of Supervisors unanimously passed a motion Tuesday asking county staff to work with local partners such as the city of Los Angeles and the South Bay Workforce Investment Board to develop a plan to provide hiring fairs, training and other job placement resources for affected workers.

Oil giant Phillips 66 announced in October that the century-old complex, which sprawls across 650 acres and produces about 8% of the state’s gasoline, would cease operations late next year. Its closure will affect some 600 employees and 300 contract workers that keep its operations running.

Supervisor Janice Hahn said at the meeting that more than half of the affected workforce is Latino and includes skilled workers such as operators, welders, engineers and safety compliance experts that would bring “years of specialized training and certifications” to other jobs. She said they should receive support to help them make the transition to similar jobs in renewable energy, infrastructure development and advanced manufacturing.

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“This is a time the county needs to lean in and support them as they face this abrupt transition,” Hahn said.

Supervisors Hahn and Holly Mitchell introduced the motion, which also asks various departments to identify career pathways for “hard-to-hire” skilled trade positions within the county itself.

“We have the responsibility to ensure that displaced workers can smoothly transition … not just by partnering with the private sector but also by opening up doors here at the county,” Mitchell said at the meeting.

The county’s Director of Economic Opportunity has 60 days to report back to the board with an action plan.

The announcement of the pending closure came amid community concerns of harmful emissions and high pollution levels. Mark Lashier, chairman and chief executive of Phillips 66, said in an October news release that the long-term sustainability of the operation was “uncertain and affected by market dynamics.”

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“We understand this decision has an impact on our employees, contractors and the broader community,” Lashier said. “We will work to help and support them through this transition.”

The closure will leave the state with eight major refineries, three in the Bay Area and five in Southern California, operated by Chevron, Valero and others.

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Netflix's latest pitch: 'Squid Game' tracksuits, sneakers and whisky

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Netflix's latest pitch: 'Squid Game' tracksuits, sneakers and whisky

In the Korean-language Netflix megahit “Squid Game,” debt-ridden people take part in a deadly competition — lying, cheating and killing one another for a life-changing pot of money.

How is the streamer promoting the second season of such an anti-capitalist show? By selling merchandise, of course.

Retailers and brands including Puma, Johnnie Walker and shoe-maker Crocs are hoping that interest in the show will drive sales of products based on the ultraviolent dystopian series.

On Wednesday, Puma announced a line of green tracksuits similar to the ones the characters wear onscreen, along with sneakers and other apparel inspired by the series. The German clothing retailer created the actual costumes for the show.

“We saw an opportunity for us to be more than just a partner of creating consumer products, being able to also be in the show and be part of this cultural moment,” said Puma spokesman Alberto Turincio. “Everyone knows what ‘Squid Game’ is. The fandom was just insane.”

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Puma is just one of several global retailers and brands that are partnering with Netflix on merchandise inspired by its shows and movies.

For example, spirit maker Johnnie Walker created a “Squid Game” special-edition whisky, which features a teal label and “Squid Game” inspired cocktails including “The 456” which incorporates flavor form bori-cha, tea often served with Korean food.

Previously, Netflix has worked with outside companies to create “Bridgerton” bread mixes and “Stranger Things”-themed Scoops Ahoy ice cream. For Netflix, the products are a way of keeping fans engaged with their favorite programs and driving excitement.

Puma "Squid Game" sneakers.
Puma "Squid Game" backpack.

Puma “Squid Game” tracksuit, sneakers and backpack. Puma “Squid Game” sneakers. Puma “Squid Game” backpack. (Netflix)

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“The stories that are on Netflix end up becoming these cultural moments, and so I think people are excited to go along with us on that journey,” said Josh Simon, Netflix’s vice president of consumer products. “When they love it, they want to live it.”

Retail and consumer products are a growing business for Netflix. The company is hoping that selling T-shirts, booze and other items inspired by its programming will boost awareness for its programs while also providing additional revenue. Netflix has launched pop-up stores and restaurants to promote its shows and movies. It has created live events, including music performances, for similar purposes. Netflix said it has launched 40 unique attractions across 100 cities globally, reaching more than 7.5 million consumers.

Next year, the company will open permanent retail centers, called Netflix House, inside former department store locations in Texas and Pennsylvania that combine all those elements — food, merchandise and experiences based on Netflix programs. The company could eventually have 50 or 60 Netflix House locations globally, Co-Chief Executive Ted Sarandos said at the WSJ Tech Live conference in October.

The popularity of “Stranger Things” helped kick-start Netflix’s consumer products business as brands began reaching out to work with the company. In 2019, Netflix started its consumer products division and in 2021 launched a retail website. Over time, Netflix expanded its partnerships with more brands and hosted popular live events, including balls inspired by “Bridgerton.” It’s a playbook that was pioneered by Walt Disney Co. and copied by numerous others. Disney has a giant consumer products licensing business and at one time had hundreds of retail stores at malls across the country.

But unlike studios such as Disney, Netflix doesn’t have a large catalog of storied characters like Mickey Mouse, Woody from “Toy Story” and Elsa from “Frozen.” Also, Netflix’s most popular shows tend to be more adult-centric, and thus less obviously useful for retailers targeting children than Disney’s cartoons and Universal’s ubiquitous Minions.

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But the streamer says the popularity of its adult-oriented programming is an advantage, because its viewers have disposable income and are willing to spend.

Netflix has a global audience of hundreds of millions of people, and its most popular shows have spurred shopping trends on their own. Fans have bought tracksuits to dress as “Squid Game” characters for Halloween or chess sets due to the fandom around “The Queen’s Gambit.”

Groups of people in green tracksuits in Season 2 of "Squid Game."

Characters wear green tracksuits in Season 2 of “Squid Game.”

(No Ju-han / Netflix)

“We’ve earned a little bit of goodwill to place bets on newer movies and TV shows, just because the fandom can catch up pretty quickly,” Simon said.

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Retailers have already seen success with Netflix-related products. Bath & Body Works sold “Bridgerton”-themed fragrance collections such as “Diamond of the Season” starting in March, with lotions, soaps and candles. Over the launch period, the “Bridgerton”-themed products represented 4% of Bath & Body Works’ U.S. store sales, the retailer said.

The brands fit really well together, and the “Bridgerton” products brought in new shoppers, said Betsy Schumacher, the retailer’s chief merchandising officer.

“It had this immediate attraction to our customers and drove traffic and excitement in our stores,” she said.

“Bridgerton” was one of the shows touted at a meeting with brands last month. There are “Bridgerton”-inspired wedding dresses, $70 teapots at Williams Sonoma and $65 dog jackets.

“We’ve done a lot, but we won’t pause here,” Elena Vrska, who works in consumer products marketing at Netflix, said during a presentation.

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“Squid Game” Season 2 represents a major opportunity for Netflix and its brand partners. The first season was the most watched Netflix show ever, with more than 330 million views to date. This month, Netflix will launch marketing campaigns showcasing the iconic green tracksuits from “Squid Game,” including a 4.56K run (a reference to Player 456, the show’s main character) during the “Squid Game” season 2 premiere in Los Angeles next week.

“We are expecting to sweep the world with green tracksuits,” Joyce Salaver, who works in brand strategy in consumer products for Netflix, said in a presentation to brands last month. “We will create a massive cultural moment that only Netflix can do.”

Netflix’s deals with brands can vary. The streamer in some cases receives a licensing fee or a percentage of sales with minimum revenue guarantees.

Bath & Body Works' Danbury shortbread Bridgerton collection.

Bath & Body Works’ Danbury shortbread “Bridgerton” collection.

(Netflix)

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Larry Vincent, a USC Marshall School of Business marketing professor, said the licensees take on more risk generally than licensors such as Netflix.

“The real benefit of it is the exposure and the marketing value of more consumers and audiences aware that a program is active right now,” Vincent said. “You can think of these licensed merchandise extensions as just another marketing execution.”

In addition to working with brands, Netflix has its own in-house product development and creative teams that help with the products.

Matt Owens, co-showrunner and an executive producer of Netflix’s “One Piece,” said that when he was a kid, having action figures of movies and TV shows inspired him to reenact scenes and make up his own stories, which is how he started as a storyteller. Now, he’s working with Netflix on merch for his own live action series, based on the popular coming-of-age manga. One of the ideas he was involved with was “One Piece” trading cards based on the live action series that could be used in the “One Piece” card game. Owens said he has talked with brands regarding potential merchandise for Season 2 of the show but declined to name them.

Merch is “like a badge of honor” for fans, Owens said.

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“It’s the same thing as wearing a jersey of a sports team,” Owens said. “It just adds that feeling that there are other fans all over the place.”

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