r/technology
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u/TeamInstagram
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Mar 15 '23
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T-Mobile to buy Ryan Reynolds’ Mint Mobile in a $1.35 billion deal Business
https://edition.cnn.com/2023/03/15/tech/mint-mobile-tmobile-purchase-ryan-reynolds/index.html160
u/AppropriateDare5986 Mar 15 '23
Hi, I'm Ryan Reynolds, and here at mint mobile... Actually hang on I'm getting a call... You what? How many point three-five billion dollars? Oh okay, yeah, fuck these people. Sorry guys, prices are about to go up and service is about to go down. Anyway, try aviation gin!
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u/gjallerhorn
Mar 15 '23
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I just left t mobile for mint....
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Mar 15 '23 •
[deleted]
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u/No-Negotiation-9539 Mar 15 '23
Reminds me of a story where a game dev left Microsoft to work for Activision. And a few weeks later, Microsoft announced they were buying out Activision.
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u/-Denzolot- Mar 15 '23
Wow, they were such a valuable asset that Microsoft purchased an entire company just to have them back?
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u/Hugoone241966 Mar 15 '23
Probably to fire his ass
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u/pixelprophet Mar 15 '23
"Get over here" ~~~~~~~~~>
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u/Icy-Record-7773 Mar 15 '23
Whooppssieeeee
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u/buttholefold Mar 16 '23 •
I thought it was "Toasty!"
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u/Icy-Record-7773 Mar 16 '23
Holy hell your right!!! For 25 years I always thought it was whoopsie.
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u/buttholefold Mar 16 '23
You're good homie, it really sounds like whoopsie if you're not listening for toasty
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u/ohsowellbegotten Mar 16 '23
I have never heard the voice of another Reddit comment "speak" so clearly and vividly. Memories, man.
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u/kjacobs03 Mar 15 '23
It was a spite purchase
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u/Virgin_Dildo_Lover Mar 15 '23
Microsoft's CEO just wanted creative control over WoW so his alliance gf can finally join his horde guild
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u/deevonimon534 Mar 15 '23
Just like in Silicon Valley when they decided all their in-house dev teams were no good. So they went out and hired a bunch of new resources... that they had recently fired from their in-house dev teams.
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u/Endurance_Cyclist Mar 15 '23
T-Mobile might actually keep the Mint brand as a replacement for Boost Mobile, which they sold to Dish in 2020.
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u/I-hate-this-part_ Mar 15 '23
I still log in through sprint for my TMobile account managing. Funny, I avoided TMobile like the plague all my life, and I was considering switching to mint, but in the end it was always meant to be.
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u/Steve83725 Mar 15 '23
I did the same but from ATT and was really happy. Guess thats out the window now. How are the regulators ok with this
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u/I_Heart_Astronomy Mar 15 '23
How are the regulators ok with this
They rub their nipples with $5 bills (regulators are really inexpensive to purchase).
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u/jrcomputing Mar 15 '23
Buying a random MVNO isn't quite the same as a merger between two companies that own airwave space. Which they've already allowed more than once. So basically, fuck your choice, more money for somebody.
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u/BreakdancingGorillas Mar 15 '23
You didn't leave them you just changed the label. Mint mobile is an mvno and uses T-Mobile's Network anyway
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u/BikesAndBarks Mar 15 '23
Yeah it’s literally called min-t-mobile…
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u/grayrains79 Mar 15 '23
min-t-mobile
How did I not realize that until reading your post? It's so obvious and yet...
I hate getting old. That's my excuse, I'm getting old.
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u/boyyouguysaredumb Mar 16 '23
He was making a joke… the fact that mint ends with the letter t is just a coincidence lol
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u/tommyalanson Mar 15 '23
And this is the rub - t-mo literally just bought revenue/customers.
They were already getting paid by mint to use their network. This is just buying mint’s customers.
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Mar 15 '23
This sucks. I hope it stays the same price point. I just switched to Mint Mobile and I’m loving it.
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u/Steve83725 Mar 15 '23
Same and there is no chance it will stay the same price. The only reason Tmobile bought it is to kill it as a competitor
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u/AnotherAnonGringo Mar 15 '23 •
Same and there is no chance it will stay the same price. The only reason Tmobile bought it is to kill it as a competitor
They are already paying T-Mobile. Mint is a T-Mobile MVNO. They bought it for the same reason AT&T bought Cricket and Verizon bought Simple. They want a cheap MVNO and they had to divest Boost to Dish.
T-Mobile's product and Mint's product are not the same. T-Mobile is the premium product and Mint is the budget product - Mint is barebones data, deprioritized, no higher than 480p video, and zero "perks."
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u/Steve83725 Mar 15 '23
Seen this happen with other services/products. A year after the deal is done they will start raising the price and/or reduce the quality. Before you know it won’t be worth it. Mint was was really good for the price and thus a risk for the big three.
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u/Ice-Ornery Mar 15 '23
Crazy what leaking that Deadpool clip years ago ended up doing.
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u/Soopercow Mar 15 '23
And he only got into Deadpool because he was stuck on the set of Blade Trinity while Wesley Snipes had a meltdown and refused to film. One of the crew lent him some comics to read.
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u/eddmario Mar 15 '23
Not only that, but the Deadpool comic he was given was the one where Wayde says he looks like a cross between Ryan Reynolds and a Shar Pei.
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u/LMFN Mar 15 '23
Chosen by the merc with a mouth himself.
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u/D-Rictus Mar 15 '23
That is some funny 4th wall breaking head cannon I'm going to treasure.
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u/Tidus8690 Mar 15 '23
I think the same thing happened with Nick Fury and Sam L Jackson. I believe, could be wrong, that the comics NF mentioned being played by Sam Jackson before the movies.
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u/livefast6221 Mar 15 '23
When Bryan Singer approached Patrick Stewart about playing Prof X in the first X-Men movie, he was hesitant. Said he didn’t love the idea of marrying himself to another sci-fi franchise. He asked Singer who else was on his list. Singer said “no one. It’s gotta be you.” He then gave Stewart a couple X-Men comic books and he goes “why am I on the cover of this comic?”
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u/ShacklefordsRusty Mar 16 '23
I love this so much
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u/oldar4 Mar 16 '23
Bryan singer is a massive piece of shit and rampant pedophile. Any time I see his name ill call attention to that fucker.
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u/BannedSvenhoek86 Mar 16 '23
"I'll be in your movie, but only if we have a scene where Storm, using her mutant powers to control the weather, blows wind in such a way that Jean Grey's dress is blown up over her head by accident while me and her are talking. She'll try to use her telekinetic powers to pull her dress back down, but it will be too late, and I'll have seen everything."
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u/theDagman Mar 15 '23
Bryan Hitch used Samuel L. Jackson as his reference model when creating the Nick Fury of the Ultimate Universe without getting permission to use his likeness. SLJ did not find out until Marvel approached him to play the role of Nick Fury in Iron Man, at which point he thanked Hitch for getting him the multi-picture deal.
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u/Calligraphie Mar 15 '23
I mean, if you were going to give Ryan Reynolds any Deadpool comic, that would be the one to give him
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u/FragrantExcitement Mar 15 '23
Do you have info on this meltdown? Sounds fascinating.
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u/Soopercow Mar 15 '23
Snipes had let's say... A different vision for the film to the director but refused to talk properly. After a while he hid in his trailer apart from when he was filming and only communicated with the director via notes passed under his trailer door. He signed these notes "blade". They eventually finished the film with recut footage they already had. It was Ryan Reynolds and Jessica Biel's first action films and since Wesley went bonkers they got much bigger parts.
Absolutely awful film but got those 2 some scene time and introduced Reynolds to Deadpool.
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u/Simple-Wrangler-9909 Mar 15 '23
One of my favorite bits of trivia about Snipes being an ass on the set is the one about how he refused to open his eyes for a scene so they just said "fuck it" and CGed them open in post
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Mar 15 '23
[removed] — view removed comment
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u/Simple-Wrangler-9909 Mar 15 '23
https://i0.wp.com/the-avocado.org/wp-content/uploads/2021/10/Blade-Eyes.gif
This is really in the movie
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u/BrackGin Mar 15 '23
As a kid that didn't know this was CGI at the time I saw that scene and thought is was badass how he opened them and didn't make other microexpressions with his face. I still think it gives it character in it's own way.
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u/Mr_Stillian Mar 15 '23
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u/Frater_Ankara Mar 15 '23
Having seen this in context now, I can perhaps understand a little why Snipes didn’t want to open his eyes, in the sense that it’s more of a shock and makes Blade seem more bad-ass, however it sure sounds like he was being a super prima-Donna about it.
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u/pregnantbaby Mar 15 '23
Yeah..eyes closed was a better choice in that scene. Hell even if they edited one second of it they wouldn’t have to waste money to cgi something so silly
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u/AppORKER Mar 15 '23
The CGI eyes was stupid, I would have transition the scene from Blade in the table and then somebody opening a door and pan back to an empty table.
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u/AnAngryPirate Mar 15 '23
Awfully good. Its hot garbage but in the best way. PHILE
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u/Krimreaper1 Mar 15 '23
You know I liked it a lot at the time, but it’s hot garbage.
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u/Thrownawaybyall Mar 15 '23
But entertaining hot garbage, somehow. It's close to so bad it's good territory.
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u/TheBoozehound Mar 15 '23
Goth dude tryna sell Dracula a vampire dildo was a goddamn masterpiece.
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u/ImWhatsInTheRedBox Mar 15 '23
I can't say I remember much of that movie but this "wtf" moment makes me want to rewatch it.
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u/TryinToDoBetter Mar 15 '23
I was always curious how the titular character felt like he had 5th billing in that movie. I feel like HHH had more memorable scenes in that movie than Snipes.
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Mar 15 '23
having seen Blade Trinity- especially in contrast to the first Blade... one can't help but side with Snipes a little
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u/Particular_Ad_9531 Mar 15 '23
Also his main complaint was that he thought he was being used by the studio to launch a spinoff series starring Reynolds and Biel that wouldn’t include him. Let’s be honest, that was probably their plan if the movie hadn’t flopped.
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u/RectumPiercing Mar 15 '23
He was absolutely right, he just also handled it in the worst way possible
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u/iamjakeparty Mar 15 '23
I don't have any info but I do have this great clip from the movie where they had to CGI eyes onto him cause he refused to open his eyes for the scene.
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Mar 15 '23
Wesley is 100% right, that scene works better with no eye opening and a faster choke grab.
Not saying he's not nuts, but...
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u/Lebran2 Mar 15 '23
Oh my god I have always read this like "He refused to open his eyes to troll the producers etc" like he was just doing it to be irritating, but he was making the 1000% correct artistic choice to NOT open his eyes before the hand grab which is MUCH better!!! There is nothing jarring about watching a man open his eyes at regular eye open speed.
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Mar 15 '23
The more I think about it, he might have actually had some real beef there with the direction, but obviously went about it the wrong way.
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u/Redeem123 Mar 15 '23
There is nothing jarring about watching a man open his eyes at regular eye open speed
If that man is on an autopsy table there is.
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u/Kyuckaynebrayn Mar 15 '23
The movie was incredibly underwhelming for the cast. They really made Dracula boring.
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u/Thrownawaybyall Mar 15 '23
Yeah, but Hannibal King was awesome and Triple H was memorable in a good way.
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u/Kyuckaynebrayn Mar 15 '23
Maybe if they didn’t base the setting around a church and stuck to the underground street life aesthetic of the first movie, Pimpula would be cool. He shows up to a rave with four hookers and declares supremacy of all the coke and ecstasy in the vampire underworld. Blade infiltrates the club with the help of Reynolds and the others .. .. Stuff happens .. .. camera pans to orange sunset over whatever city .. Fin
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Mar 15 '23 edited Mar 15 '23
*Jessica looked pretty good, early-20's me was OK with that.
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u/MikePGS Mar 15 '23
Mr. Snipes found the movie to be very taxing, and we know how he feels about that.
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u/Nice_Memory_3960 Mar 15 '23
The dude just prints money now. Just look at how many of his movies are on Netflix, then look at how many of those movies are basically ads for his gin.
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u/Lostredbackpack Mar 15 '23
And the map in Freeguy is Portland. Marketing genius.
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u/Wingsnake Mar 15 '23
Tbf if you are rich and famous, it gets a shit ton of easier to make even more money.
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u/RunnyBabbit23 Mar 15 '23
To make $5 into $10 is impossible. To make $5 million into $10 million is inevitable.
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u/vgiz
Mar 15 '23
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Good, I was getting worried I might have a choice of companies.
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u/NnyZ777 Mar 15 '23
But there are 32 flavors of ice cream, that’s where your choices went
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u/pale_blue_dots Mar 15 '23
Such a bunch of bullshit. <smh> The regulating agencies are so corrupted andor captured.
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u/AdvocateReason Mar 15 '23
As a Mint customer:
"A thousand times FUCK NO!"
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u/leif135 Mar 16 '23
If you find anybody else who is on par with the pricing let me know. I'm debating on going back to Google Fi which is what I was on before.
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u/DannySpud2 Mar 15 '23
Wrexham about to sign Messi
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u/n33fols Mar 15 '23
Nah, this is Ottawa Senators money.
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u/303uru Mar 15 '23
Fucking hell, do we have no functioning regulatory bodies?
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u/BGAL7090 Mar 15 '23
They are functioning beautifully for the few people who were able to pay off the human beings that comprise those regulatory bodies
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u/hovdeisfunny Mar 15 '23
They don't have to pay them off; the people staffing the regulatory bodies usually come from the exact industries they're charged with regulating.
Edit: like former FCC Chairman, Ajit Pai, who served as Verizon's counsel for two years before moving back into the public sector
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u/GGAllinsMicroPenis Mar 15 '23
The current chair of the SEC was a Goldman Sachs investment banker. The fox is in the hen house and it’s been like this for decades.
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u/linuxlifer Mar 15 '23
He's gearing up to put his share into buying the Ottawa Senators of the NHL.
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u/Jahaadu Mar 15 '23
I am worried Mint is about to change entirely from being an affordable plan to what T-Mobile is now.
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u/Christopher3712 Mar 15 '23
He was estimated to own 20-25% of the company. His cut would be $270M-$337.5M. Nice.
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u/Ahab_Ali Mar 15 '23
Add that to the $300M he got for selling Aviation Gin in 2020--not too shabby.
Next up: Can he turn Wrexham AFC into a nine-figure brand?
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u/Voroxpete Mar 15 '23
Ryan Reynolds has basically come up with a foolproof way to build his investments; very publicly buy into a company, use his celebrity and popularity to rocket that company to success, then cash out and move to the next project.
He's not the first celeb to try this, but he's proven particularly good at it, so far.
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u/4look4rd Mar 15 '23
He also buys generally good companies. Aviation gin isn’t my go to but they were clearing trying to bring American gin to the market, and I’m glad they did because through them I found blue coat which is my current favorite. Mint had a pretty good pro consumer reputation and he took it to the next level by really leaning in that aspect in marketing but also scaling their operation while keeping their reputation.
As far as celebrities go, he seems to either pick great companies or help build great teams. Lots of celebrities fail at this.
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u/Voroxpete Mar 15 '23
Good point; you can't polish a turd no matter how famous or well liked you are.
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u/blesstit Mar 15 '23
Eh, you can polish a turd, but no matter how much effort goes in, it is never anything besides shit.
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u/liptongtea Mar 15 '23
Isn’t this what we’ve all praised shaq for, the last decade? I mean, I hate to see the rich get any richer but if you’re doing it because you actually Believe in the product and aren’t just in it to squeeze the market I guess that’s the right way to do it.
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u/coldblade2000 Mar 15 '23
Musk had that whole racket in the bag until he started treating "no such thing as bad publicity" as a fucking challenge
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u/hookisacrankycrook Mar 15 '23
George Clooney sold his tequila brand for 1B and The Rocks tequila brand is allegedly bigger already. These guys know how to work a crowd and make markets. It's impressive really.
Hell the Kardashians are pros at it.
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u/duaneap Mar 15 '23
I never even knew The Rock had a tequila.
I mean, I don’t drink tequila, so that may be why, but I was aware that Casamigos was Clooney’s.
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u/BitcoinBanker Mar 15 '23
It aint a new scheme. All investors are asked what they bring other than money. High profile Angels/VCs bring cache, experience, network and the “anointing” of a young company. Celeb investors may bring those things too, but their biggest asset is their notability and willingness to shill the shit out of the product or sevice.
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u/jdbrew Mar 15 '23
Well, he's likely gonna need a Paul Mullin replacement in the next few years... either due to trade interest, or more likely, aging out. The question will be more if Rob can convince him to to throw down more cash investment. Fingers Crossed.
Actually, it'd be better to just buy a more rounded team than a replacement wonder boy
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u/realjefftaylor Mar 15 '23
If they get promoted this year they’ll see increased revenue right? And they’ll have access to the international talent pool (since I think their league can only roster English and welsh players). So I’d imagine it wouldn’t be too hard to make the case to throw some more cash in at that point.
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u/iskin Mar 15 '23
He's got to be nearing $1 billion in outside showbiz business earnings at this point.
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u/AndImlike_bro Mar 15 '23
Van Wilder did nicely for himself despite his best efforts.
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u/nobody_smith723
Mar 15 '23
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well... there goes my perfectly decent cheap cell plan.
if only there were a regulatory body that prevented shitty companies from killing competition by buying up all the other options
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u/blatantninja Mar 15 '23
The lack of anti-trust work in this country is disgusting
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u/MeanMX5 Mar 15 '23
Did you know that there's a company operating a "Rental Price Fixing" as a business?
The business plan is literally: "Everyone sign up and we'll be able to raise rental prices to fleece your renters to the max!"
...which is literally the description of "price fixing" here by the FTC.
Price fixing is an agreement (written, verbal, or inferred from conduct) among competitors to raise, lower, maintain, or stabilize prices or price levels.
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u/lousy_at_handles Mar 15 '23 edited Mar 15 '23
About a year ago I got recruited to work on a very similar project, but for grocery stores.
The basic concept was the same, how high can you raise food prices to maximize profit.
I turned them down but supposedly they had 4 of the largest grocery store chains in the US on board to use their service.
This sort of machine learning algorithm used to extract maximum profit is going to be coming to almost every aspect of life in the near future.
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Mar 16 '23
Would you share a few more details? I have little else to do but pick up the ol' journalism badge and maybe try to write a few.
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u/lousy_at_handles Mar 16 '23
So I talked about this with a guy at a wedding of all places, and it was actually pre-Covid so more than last year but time is funny now. Since I haven't seen this in action yet it probably hasn't gone anywhere, but that's probably just because the tech is too costly still.
Basically it was based around dynamic pricing, but done as a service.
I'm an embedded systems engineer so my job would have been to build the price tags all around the stores, which could be updated in real time. So like, if the temperature outside rose, the price of soda or ice cream or whatever could rise with it. They also wanted to put like RFID readers in the tags and then an RFID chip in the loyalty card, so they could tell where you stopped in the store for a while but didn't buy anything, etc.
The second thing the wanted to do was just get rid of price tags entirely, and fit out every cart with a scanner, that you like slide your loyalty program card into. Then you use it to scan products to get customized pricing. The scanner would say things like "Special Discount!" and show you what you paid last time, and what the price was this time and it'd be like 10c cheaper or whatever. The kicker was that it would also raise the price of other things you were buying but not show the previous prices. It would all be marketed as giving you discounts on the things you bought more often.
Then all this data, about what you buy, what you scan but don't buy, etc goes into a big database. Based on this data they would do stuff like start adjusting prices up a little bit at a time, to see how much people would pay before demand dropped, at what point profit was maximized.
Then they get all the big grocery stores to subscribe to this service, and since the grocery stores aren't setting the prices but paying a service to optimize their prices for profit, I guess that means they're not price fixing, or enough that they can argue that in court.
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u/lyingriotman Mar 16 '23
Individual pricing is the most dystopian thing I've ever heard of or imagined.
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u/Delicious_Invite_234 Mar 15 '23 •
It is by design.
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u/eldudelio Mar 15 '23
yep, probably the plan all along, just another discount vehicle to get more customers on your network, without calling it your network...
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u/moratnz Mar 15 '23
Given mint is an MVNO using T-mobile's network, they're already on the network.
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u/plaguetower Mar 15 '23
HAHA! You mean Ryan Reynolds didn't actually care that we get affordable plans with good service?
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u/gweran Mar 15 '23
To be fair to him, he is a minority stakeholder so he didn’t have any control over the sale.
But on the other hand in his statement about the sale he managed to plug his gin, so he might just be trying to make money.
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u/Junkstar Mar 15 '23
He also said plan rates would hold for now. I’m happy to jump when they go up though.
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u/SkiingAway Mar 15 '23
T-Mobile has some prepaid plans under their "Connect" branding that aren't drastically more expensive. Not saying they're a better deal, just that Mint's pricing isn't that far off what they already offer.
Historically they've pretty much let plan pricing/features ride forever once you're on a plan. Whether or not they keep offering Mint's plans, I don't know, but I doubt they'll kick you off/change it if you're already on it.
I've got a plan they haven't offered in 7+ years and the only thing they've changed on me was....making my data unlimited when it originally wasn't.
Not saying I like anything about this merger, but you'll probably be fine.
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u/QQueueCueCued Mar 15 '23
He is definitely trying to make money. Owning soccer clubs is expensive. They are very likely to get promoted this year and that gin is part of what is paying those bills. He was super clear in Welcome to Wrexham that he was going to whore himself out at every turn to make that club a success. This is more of that.
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u/Semi-Hemi-Demigod Mar 15 '23
"They drove a dump truck full of money up to my house! I'm not made of stone!"
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u/Sabotage00 Mar 15 '23
Canyonerrroooo-oh.
Ryan Reynolds is an actor, and a marketer. He's just so good at making people forget that.
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u/MalteseGyrfalcon Mar 15 '23
Any good new tech company exists for the buyout. You gotta make hay while the sun shines.
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u/ToddlerOlympian Mar 15 '23
This is exactly what I fucking hate about our current world. It's never about sustainability. It's always just growth until meltdown.
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u/Tex-Rob Mar 15 '23
Too bad it's not the good old days. In the 80s 90s and early aughts (lol), most companies would let people be grandfathered. It was such an expectation that you'd often hear people say, "I want to sign up for this now so I get grandfathered!" You saw it a lot in IT industries, or with software. I feel like AT&T weaseling out of unlimited data back around 2010ish IIRC was when things started to shift towards it being socially/business acceptable to no longer allow people to be grandfathered as a norm, and it became more of a fringe thing. I'd say now, it's almost gone. People expect a great feature, price, etc, to not be honored once others catch on, the company is bought, etc.
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u/trick6iscuit Mar 15 '23
I had Verizon basically tell me no one was allowed to talk to me about anything until i agreed to switch off my unlimited data to a new plan. This was circa 2010 when they didn't offer that anymore.
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u/Cash091 Mar 15 '23
Same... I had a data add on for $30 that was just unlimited. We had shared minutes with free nights and weekends.
I was not happy about switching off... But for what it's worth, I don't really notice any throttling for normal phone usage. But Netflix getting throttled is bullshit even though I don't watch Netflix on my phone.
Net Neutrality man!!!
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u/DBDude Mar 15 '23
But then at some point they make it very difficult to stay grandfathered, so you finally cave. I stayed with one provider grandfathered. The old plan was better than the new one for years, but at some point my old plan didn't give me some of the cool stuff of newer plans.
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u/mctacoflurry Mar 15 '23
I was grandfathered with Verizon for many years on their second iteration of their unlimited plan. I actually caved last year when I did the math and realized I could save over $100/month on my bill for more things.
I do miss the oldest unlimited plan (got that one in 09) I stupidly got rid of when they sent me a scare tactic letter that said they were switching me regardless so I dropped them.
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u/Ulairi Mar 15 '23
Yep -- same. Worked there as a seasonal employee in 2021 and looked over the new rates and was like, "Well damn. The new unlimited is a hell of a lot cheaper and gives a lot of other perks for it."
"Unlimited" still isn't actually unlimited on the new plans, but the thing that kind of clinched it for me was that they'd manufactured these new priority tiers, where only the newest plans were given priority on the network. So, while the old plans were still "true unlimited," they were the lowest priority data on the network, so you could never access anything at peak times. Ended up being a choice between truly unlimited but regularly unusable for $165/line, or $60/line for priority access and more data before they throttle me then I ever get close to using. Was kind of a simple choice, even if it was a slimey way to force it.
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u/cottonfist Mar 15 '23
I still am grandfathered in an unlimited data plan, since like 2010:
$50 a month
500 mintues
I forget how much texting I get because I don't text
Unlimited 5G data
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u/z0rb0r Mar 15 '23
I just fucking left T-Mobile for Mint. Went from paying $75/mo to $20/mo
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u/je97 Mar 15 '23
The reaction of customers will be the complete opposite to the reaction of Wrexham fans.
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u/ToddlerOlympian Mar 15 '23
The comments on the YT video where Reynolds and T-Mobile CEO tell us all why this is great news are all horrible.
And rightfully so.
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u/likwitsnake Mar 15 '23
After a certain point of fame it must be so fucking easy to make money as a celeb, you just join some existing company's product like Tequila or Makeup or Cell Phones and do shitty ads for a few years then cash out millions.
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u/ChowderBomb Mar 15 '23
They certainly have an advantage, but plenty of celebrities have tried similar ventures and lost all of their investment.
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u/open_door_policy Mar 15 '23
Like the George Foreman grill vs the Hulk Hogan blender.
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u/Gun-nut0508 Mar 15 '23
Yeah I feel like every celebrity has their own alcohol but none of them are very successful, the only one I know that’s decently successful is the Crystal Skull Vodka but only because of the Jon Tron video
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u/Thyrial Mar 15 '23
The Rock's Tequila has done quite well, and related to this post, so did Ryan Reynold's Aviation Gin which he sold in 2020. A TON of them fail though, far more than get anywhere.
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u/evertrue13 Mar 15 '23
And Clooney’s Casamigos does very well, despite tasting like vanilla, which is the clearest sign of a dogshit quality tequila
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u/mhmass44 Mar 15 '23
Once you're lucky, twice you're good. He's really good at this. There are a ton of celebrity deals that go nowhere you don't hear about.
The celebs that do well at this have repeat success and are hard workers. Ashton would be another good example. Similar time frame that he rose to fame and also similar early hunky actor role stigma to overcome. Has done great in tech investing.
The celebs that don't want to work and just want their identity to do all the work for them in business often see those ventures go nowhere or worse.
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u/Shadow0fnothing Mar 15 '23
Well.....guess that whole helping people thing went out the window when money talks.
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u/justhereformemes8 Mar 15 '23
He was never for helping people. This was the plan all along. Cash is king
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u/SkeetySpeedy Mar 15 '23
But the funny man said he wanted to save me money on the internet video
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Mar 15 '23
He DID save you money. Now it's his turn to end that savings so he can personally earn somewhere in the ballpark of 2-300M.
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u/satanic-frijoles Mar 15 '23
Tch... I was about to pull the trigger on Mint. And another affordable option gets eated by a huge corporation. F that noise, Mint may kiss my shiny metal ass.
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u/thinkdeep Mar 15 '23
Do it anyways. Pay a year up front and don't worry about it until next year.
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u/CrimsonHyphae Mar 15 '23
Agreed, get in on the discount ASAP, most places reward you when you switch anyways, so you'll get a year cheap with mint and then whatever bonus the next place offers if mint goes down the tank.
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u/downonthesecond Mar 15 '23
That probably was Reynolds' plan all along.
Why else would he invest in a phone company and be the face of it other than to profit?
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u/Deathcommand Mar 15 '23 edited Mar 15 '23
Probably?
You think there is a chance he did it just because he wanted to send people letters with his face on it??
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u/c0mad0r Mar 15 '23
Smells like another Sprint mobile cluster fuck merger.
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u/skccsk Mar 15 '23
Mint Mobile doesn't have a network. They would just buy access to the T-Mobile network and resell it to their users.
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u/AngryUncleTony Mar 15 '23 edited Mar 16 '23
People in this thread are drastically underestimating how much infrastructure and investment is needed to have a nationwide cellular network.
I'm not taking a side re: the antitrust implications here, but all the discount offerings like Mint just buy surplus capacity from the big networks.
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u/Cmdr_Toucon Mar 15 '23
Will be interesting to see if the Ryan Reynolds "good guy" image takes a hit with this deal.
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u/tenOr15Minutes Mar 15 '23
It didn't affect him after he sold Aviation Gin. He'll stay on as the spokesperson and make goofy ads. Then he'll do Deadpool 4 and Free Guy 2.
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u/WorthRecognition5663 Mar 15 '23
oh good, he's even more wealthy. how exciting for the world.
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u/ToddlerOlympian Mar 15 '23
But he reassured me in a cute YT video that my service will stay the same. So now I'm happy. /s
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u/seanrbrantley Mar 15 '23
“We’re not like other mobile carriers, we don’t hate you” - sells company to mobile carrying giant