Explore the recent chaos at festivals and the reasons behind it. Learn about the cyber attack on Clorox, Katy Perry's music catalog sale, and the challenges of remote festivals. Discover the difficulties faced by festivals and the impact of unpredictable weather. Also, find out about the hosts' interest in attending risky events and their introduction to the 'Business Made Simple' podcast.
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Quick takeaways
Cyber attacks can severely impact manufacturing operations and result in product shortages for companies like Clorox.
The challenges faced by recent festivals indicate a shift towards larger-scale events with higher expectations that are difficult to meet.
Clorox is struggling to recover from a recent cyber attack, leading to disruptions in manufacturing operations and a shortage of products. The attack highlights the growing prevalence of cyber attacks and their detrimental impact on corporate America.
Katy Perry Sells Music Catalog for $225 Million
Katy Perry joins the trend of artists selling their music catalogs by transferring her last five albums' masters and publishing rights to Litmus Music for $225 million. This move reflects the increasing value of music catalogs in the industry.
Troubles in the World of Festivals
Recent festivals like Burning Man and Electric Zoo have faced numerous difficulties, including evacuation, cancellations, and heat-related problems. This pattern of festivals encountering challenges points to the shift in the festival landscape towards larger-scale events and higher expectations that are difficult to meet.
Throughout the summer, the headlines have been dotted with large-scale events going awry. What’s driving the increase in chaos? Plus: Clorox gets hacked, Katy Perry cashes in, and $1.7T screw up.
Join our hosts Sara Friedman and Ben Berkley as they take you through our most interesting stories of the day.
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