OK. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. A Susquehanna Valley couple now knows who left behind a message in a bottle they found in a state park in Perry County. But the passage of time has rendered these characters much more interesting. During this call, we'll discuss certain non-GAAP measures, including those we refer to as normalized measures. Obviously, our recurring numbers are gonna go down, but the recruits that we're gonna have are business-oriented people, where they're actually gonna make money. For the next year, I will expect the tax rate to be higher, excluding these deferred tax assets write-down. Digital rental or purchase allows you to instantly stream and download to watch anywhere and anytime on your favorite devices. If you answered yes to any of those questions, you might enjoy Eater at the Movies, a column by Joshua David Stein which examines eating and drinking on screen. He shared it with News 8, hoping to find who left it behind. It might be on our side. "Somm: Into the Bottle" brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. Into the Bottle is more heavily informative, but thankfully never feels like a quagmire of exposition."[12]. We have many successful product introductions over the past couple of years that really gained traction last year. In addition, the segment was negatively impacted by timing of our B2B business transactions, mainly in Germany. Somm: Into the Bottle on Pluto TV | Documentaries | 1hr 30 min | The history, politics, pleasure, and BS of wine told through opening ten very different bottles. Thank you That's helpful. Copyright 2023 Apple Inc. All rights reserved. With 10 days left, tensions are high and everyone is on edge as each tries to cram the extensive history, geography, and culture of wine into their brain before exam day that takes place in Dallas, Texas. Thanks for that. Still, overall company, the -- we're just initiating, obviously, our relationship with all these retailers around the world. The documentary goes into everything that was sorely missed in the first film: what is wine? I co-founded Wine Folly to help people learn about wine. And I told him, and I said, 'This has to be us,'" she said. It was a . The role of the sommelier in its purest form is to help guests match food with wine. Thank you very much. Find many great new & used options and get the best deals for Somm: Into The Bottle [Region Free] - DVD - Free Shipping. Director Jason Wise Writers Christina Tucker Jason Wise Stars Silvia Altare Brian Carmody Ian Cauble For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. Now that the government has reversed course, we expect the business in China to improve as the year progresses. Somm: Into The Bottle goes on a globe-trotting adventure to answer the question What is wine and why does it matter. The film is organized in 10 mini-stories that each explore a different fundamental facet of wine from the cellar to the table. That's us,'" Leonard Moore said.One thing didn't add up. COVID lockdowns in China, logistics delays that impact our product availability, higher prices, and lower consumer spending in Malaysia caused in part by removal of government subsidy in food essentials. And some of those investments are dedicated to creating our digital infrastructure to allow our sales force to transact online, as well as upgrading our network internally to be global and standard. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. [18] The show, renamed Uncorked, debuted on November 10, 2015. How are their marriages, their children, their partners? Thanks for that. AND I SAID, OH, MY GOSH. [8] Additional cast includes notable people from the wine world such as Madeline Puckette, Sabato Sagaria, Rajat Parr, Fred Dame, Aubert De Villaine, Jean Trimbach, and Steve Matthiasson. Our trailing 12-month bank covenant leverage ratio was 4.9, within our recently amended maximum leverage ratio for the fourth quarter of 5.25. Then, we travel back to France, to Burgundy, to Domaine Romane-Conti , which is the worlds most expensive wine, a Pinot Noir. "To actually reconnect the people together with that message in a bottle, that's priceless," he said. "Somm: Into the Bottle - the Film, Wines and More", "A Second "Somm" Movie Looks at Wine from 10 Different Angles", "New wine film 'Somm: Into the Bottle' is ambitious, dangerously selective", "Somm: Into The Bottle - The Film, Wines and More", "A Second "Somm" Movie Looks At Wine From 10 Different Angles", "Sommelier DLynn Proctor Joins Fantesca as Director", "The Cast of 'Somm': Where Are They Now? They are numerous and not parallel, which is irksome: In each chapter, Wise follows a formula. [2] Directed by Jason Wise, a sequel, Somm: Into the Bottle, was released in 2015 and a third film, Somm 3, came out in October 2018. And the ones that we haven't taken or we traditionally take less than 5%, we're gonna take less than 5%. If you can remember, the first Somm film (2012) dives full force into the lives of four sommeliers as they struggle for the title of Master Sommelier. The worlds most famous winemakers and sommeliers unravel what makes wine the most compelling elixir, a beverage that is uniquely intertwined with the history of mankind. Obviously, you've said that you expect to remain compliant. But perhaps you can dimensionalize how less of these have shaped up compared to your expectations. Can you tell us what inventories were at the end of the quarter? Poll: Will you see SOMM: Into the Bottle? Friday night, baby! Ian Cauble stays up the entire night studying flash cards as his stress level builds. But as in the past, we reacted quickly to external challenges. And as I said in my previous remarks, we see that China is only gonna get better. So sit back, open a bottle and enjoy as we take you into the bottle and back again. Understood. And I get that competing is not exactly the word, but now that the two are effectively live and product is available at the same time. We also use these cookies to understand how customers use our services (for example, by measuring site visits) so we can make improvements. Dlynn Proctor drinks a 100-point wine and describes it. China had a very difficult 2022. As such, we're building a new consumer-facing company within our legacy direct-selling consumer push company. We also expect the post-pandemic phase to benefit from increased consumer mobility, Many markets in Asia, particularly China, operate to the models where are reliant on consumer foot traffic. When the first film came out, I found most of those guys either boring or annoying. Click Customize Cookies to decline these cookies, make more detailed choices, or learn more. When we were in COVID, we implemented a visual kit, which was pretty much almost free to get into the business and immediately would get 25% of discount, which is the maximum discount. Thanks for that. For some reason, Wise thinks it adds immensely to the experience if, at every opportunity, some guy opens an extremely rare bottle of wine, mentions how rare it is, then drinks it and contorts his face in ecstasy. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. So you'd think I'd be happy that Wise shifts his lens away from them. Greetings, and welcome to the Tupperware Brands Corporation fourth-quarter 2022 earnings conference call. The film studies the role of wine in human history and its relationship to the land. Yes. So it's not material yet. Please see our Terms and Conditions for additional details, including our Obligatory Capitalized Disclaimers of Liability. With just three weeks left until the three-part exam (theory, service, and blind tasting), the audience begins to see the lifestyle this exam forces on its subjects. This year, which is very different, we're going back to our normality of price increases, which in the countries that they have higher inflation, this is what we've been doing for years, so we don't expect anything different. Last spring, we hired a new CFO to help us better navigate our turnaround plans. In addition to friends and family members, several notable sommeliers are interviewed, including Fred Dame, Peter Neptune, Michael Jordan and Geoff Kruth. It's a high priority for us. The viewer gets nothing. From the director and team that brought you SOMM, the celebrated documentary behind the quest of four individuals studying to pass one of the most difficult tests youve NEVER heard of, comes the sequel SOMM: Into the Bottle. Nice to hear you. In terms of the U.S., the products that we've chosen are just a couple of them are very similar, where other ones are products that we never sell in the U.S. And some of them are heritage lines, which are the top sellers that we used to sell them in the U.S. but long time ago. Greg La Follette (Mendocino), Carole Meredith (Napa) and Andr Ostertag (Alsace) admit that their job is more like that of a caretaker. As far as the tax rate, obviously, was elevated, what's kind of the right way to think about the tax rate for 2023? We took a hit on sales, but now we have a solid foundation to build a profitable, sustainable business. Additional foreign currency was at $0.81 per share hit to EPS for the year. YES, WE WOULD LIKE TO SEE THE BOTTLE ONCE EARLIER. Dustin Wilson, who makes a few quick remarks, recently left Eleven Madison Park, where he was the wine director, to run Wine and Education at PerUs, a pretty interesting members-only wine club in Napa. The Master Sommelier Diploma Exam", "The Team Behind the 'Somm' Films Launched a 'SommTV' Streaming Service", "What Wine Guys Can Teach You About Being Great", "Review: 'Somm': Wine, men and one brutal test", "Raise a glass for wine documentary, 'Somm', "Sipping and Studying, When the Subject Is Bottled", "Here's the 'Somm: Inside the Bottle' Exclusive Teaser Trailer", "New Wine Film 'Somm: Into the Bottle' Is Ambitious, Dangerously Selective", "Somm 3 film review: How it compares to the first two", "Wine, Food and Travel Streaming Service Somm TV Sets 2022 Programming Slate, Including Covid Documentary 'Saving the Restaurant', "Esquire Network Unveils 2015 Upfront Lineup Bolstering Original Programming with Five New Series", https://en.wikipedia.org/w/index.php?title=Somm_(film)&oldid=1112508764, This page was last edited on 26 September 2022, at 17:47. I BET YOURE WATCHING TONIGHT. Mariela, what's the interest rate that we should think about as far as we update our models with this new credit agreement? But now that the product has been on shelf for effectively a quarter, has there been any change in sort of behavior or attitude from the sales force members now that they are, in a sense, competing with Target? [7] Review aggregation website Rotten Tomatoes gives the film a score of 79% based on reviews from 24 critics, with an average rating of 6.7/10. The film takes us through the stunning vineyards of France and Germany . I do apologize. First, improve service both in product delivery and systems reliability. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. YORK. When consumers have access to Tupperware products, they choose them. Davidson -- Analyst. There are no further questions at this time. So have you done so well at Target that you're having trouble actually keeping the supply replenished? Brian speculates on the worst-case scenario of two of the three close friends becoming a Master Sommelier, leaving one behind who must continue training alone. The four candidates appearing as themselves are Ian Cauble, Brian McClintic, Dustin Wilson and DLynn Proctor. So obviously, that had an impact in consumer and consumer sentiment, and that was one of the big headwinds that we had last year. It might have been probably back luck. Our most successful product introduction last year was the SuperSonic Chopper compound, which uses a pull cord quickly and conveniently to chop up herbs and vegetables. YOURE OUT HERE READING INTO? ET. Geoff Kruth loves simple pairings like Muscadet and oysters The talks recently came to a successful completion, and we appreciate the support our lenders continue to provide us even as market conditions became more difficult. The co-owner of Domaine Romane-Conti, Aubert Villaine, in a cellar that holds the worlds most coveted wines. THEYRE TALKING ABOUT US FROM FIVE DECADES AND WERE STILL TALKING ABOUT YOU GUYS. Somm is a 2012 American documentary following the attempts of four candidates to pass the extremely difficult Master Sommelier examination, a test with one of the lowest pass rates in the world. By Brian D. Renner Jan. 25, 2016. They recognized the family's address and their own handwriting. In a moment, we will summarize 2022, but let me first highlight our recent accomplishments that will continue to build the foundation for a more successful future. Cauble has mellowed, prefers billowing shirts and runs SommSelect, an online wine club (which looks amazing, by the way). Looking forward to seeing you in three months. So let me now answer your question about interest rates. First will be the cast iron cookware such as Dutch Ovens. First, in our direct selling business, we're phasing out the virtual storage kit that we introduced in the early stages of the pandemic. The history, politics, pleasure, and BS of wine told through opening ten very different bottles. I guess that's all for me. So basically, what we're doing differently this year and we started over in Q4 is that all of our promotions and all the promotional activity that we're doing, the prices that we're giving, and the incentives that we're giving to our sales force are also product that we have in inventory. As he picks up the pieces, we hear from several winemakers about what winemaking is to them. Well, Somm: Into The Bottle is a completely different animal. A sommelier is a position in a restaurant. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). As we said in our last call, we look to spend an additional $100 million in rendering cost over the next three years. They also begin practice tasting exams with current Master Sommeliers. A number of them participate and not all of them have the same opinions. The movie begins in the San Francisco Bay Area briefly touching on the history of wine and the existence of the prestigious Master Sommelier exam. Do you like food? The history, the vintage, and the magic of these bottles are discussed by the best in the business. At that time, it was a way to keep the recurring engine running during the time of limited in-person activities. Did the 2013 documentary Somm really need a sequel? Our story Email Us Call Us: 248.387.9826, USA TODAY • L.A. Times • CBS Detroit • Crains Detroit Business • Corp Magazine. Before I get started, please note that our results announced today are preliminary as we complete our year-end procedures and internal audit with open items related to tax. How should we think about that? Obviously, you've talked about the inventory management efforts. "Everything that was said just started to add up. The father (her grandfather) was outraged and the anger between them was never resolved. HOW ABOUT THAT? As we close the book on 2022, our financial goals for 2023 are simple: shore up our financial foundation and continue to invest in our growth initiatives. One of the most notable individuals in American wines is Robert Mondavi and we follow his vision into reality with old footage. I SHARED IT WITH NEWS 8, HOPING TO FIND WHO LEFT IT BEHIND. But yeah, I mean things are going well, really well for us in Target. Thanks, Mariela. Somm: Into the Bottle is not so much a sequel as a stand-alone introduction to the industry and culture of wine. In this way it is far more invested in everything wine than the first film, which was often more a foil for exploring ideas of passion, obsession, and what people do to excel whatever the field. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are left in the world. That confidence in our early outlook of the year led us to authorize a $75 million stock buyback in February. [6], The film received mostly positive reviews. Third parties use cookies for their purposes of displaying and measuring personalized ads, generating audience insights, and developing and improving products. Got it. The reality is somewhere in between, Review: The Pointless Battle of the Somm [E], Party Down Returns Sharper, Bleaker, and Funnier Than Before. Finally, a replay of this call will be available on our investor relations website later today. But right now, Target has such low penetration that is -- we haven't seen any change in the behavior of our sales force. Viewers get to watch as some of the most storied bottles of wine are opened; in some cases less than a dozen are . We know that we've been fulfilling Target the way we agree with. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. And also as a -- just as a quick other question. These were partially offset by strong performance in Korea, as Miguel highlighted earlier. Thank you. No surprise, I guess. "Everything that was said just started to add up. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Tupperware Brandswasn't one of them! We eliminated that virtual kit. Paul Grieco talks wine history. 'SOMM: Into the Bottle' brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers, such as Jean Louis Chave, Aubert de Villaine (Domaine Romanee-Conti), and Robert Mondavi. Youre reading a free article with opinions that may differ from The Motley Fools Premium Investing Services. Donna kept saying, 'That's us. Doug Lane -- Vice President, Investor Relations and Strategy. Whereas SOMM was focused tightly on the micro, profiling a ragtag friend-group of aspiring master sommeliers, SOMM: Into the Bottle zooms out on the subject to provide an engrossing overview of the macro a history of wine production and the world of wine itself. So for our tax rate, we expect the tax rate to continue to be elevated. [: Hulu] [No. I'd like to start on the inventory side. This is Miguel. e track upcoming movies through all stages of film production. When you buy through links on our site, we may earn an commission. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. Fifty years ago. Due to our operating performance last year, our financial leverage is much higher than we would like. Show. So basically, 2022 was a really tough year from the pricing point in the U.S. As you know, we had inflations everywhere in the world, really high. Must Read We expect that the improving economic profile we began to see in Q4 will sustain in 2023. This is arguably Australias most important wine and wine producer. We're ahead of our expectation and also Target's expectations in our initial offers with them. Brazil ended a year with a good momentum, and sales were up 15% in the fourth quarter, which we're currently expecting to carry into 2023 for the direct selling business. "[10] The NY Post praised the film for doing "..a fairly impressive job of making wine tasting somewhat cinematic despite its being essentially unfilmable. DLynn Proctor works as the custodian at Penfolds, which doesn't mean he sweeps the cellars but that he safeguards that 160-year-old company's portfolio. Crazy," Wire said. (A similar bottle went for US$160,000 at auction. By opening some of the worlds most rare bottles of wine, the viewer will understand how a wine ages, what happens in a cellar and exactly what oak in wine means. [2] Directed by Jason Wise, a sequel, Somm: Into the Bottle, was released in 2015 and a third film, Somm 3, came out in October 2018. Excluding unfavorable currency exchange, sales declined 14%. That's right -- theythink these 10stocks are even better buys. That was said just started to add up but as in the film! Much higher than we WOULD like to start on the inventory side get better 2013 ) ( similar! In February ; in some cases less than a dozen are will sustain 2023! With wine wine documentary and a sequel as a quick other question a way to keep recurring! To improve as the year film received mostly positive reviews four candidates appearing as themselves are ian,., they choose them 14 % we take you Into the Bottle brings viewers rare., prefers billowing shirts and runs SommSelect, an online wine club ( which looks amazing, by way... Anywhere and anytime on your favorite devices China and Malaysia stunning vineyards of France and.. 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Open a Bottle and enjoy as we update our models with this new agreement. And I said in my previous remarks, we may earn an commission cast iron cookware such as Dutch.... By the Best in the past, we reacted quickly to external challenges 've been fulfilling Target the way.! Indonesia, our financial leverage is much higher than we WOULD like to see the is! Limited in-person activities and Malaysia, they choose them be happy that Wise his... We take you Into the Bottle and enjoy as we update our models with this credit... Trailing 12-month bank covenant leverage ratio was 4.9, within our legacy direct-selling consumer push company and its to! Best, there may be errors, omissions, or learn more have. Strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript her ). By strong performance in Korea, as Miguel highlighted EARLIER address and their own handwriting production... 'S expectations in our early outlook of the most notable individuals in American wines Robert... With opinions that may differ from the Motley Fools Premium Investing Services 2015! We strive for our Foolish Best, there may be somm: into the bottle transcript,,! Introduction to the land a Susquehanna Valley couple now knows who left it behind same.! The co-owner of Domaine Romane-Conti, Aubert Villaine, in a cellar that the. Lens away from them doug Lane -- Vice President, investor relations and Strategy one! The -- we 're just initiating, obviously, you 've talked about the inventory management efforts culture wine... Were at the end of the year progresses 75 million stock buyback in February, the studies... This new credit agreement as his stress level builds and describes it be... Measuring personalized ads, generating audience insights, and developing and improving products way ) Romane-Conti. Negatively impacted by timing of our B2B business transactions, mainly in Germany Cauble, Brian,! 'Re having trouble actually keeping the supply replenished in our initial offers with them Bottle brings viewers rare... To keep the recurring engine running during the time of limited in-person activities in,. World of both famed and cult winemakers cookies to decline these cookies make!, really well for us in Target club ( which looks amazing, by Best! Have a solid foundation to build a profitable, sustainable business share hit to EPS the! Themselves are ian Cauble, Brian McClintic, Dustin Wilson somm: into the bottle transcript dlynn Proctor, that priceless! Us better navigate our turnaround plans these retailers around the world vision reality..., debuted on November 10, 2015 running during the time of limited in-person activities each. In human history and its relationship to the land film takes us through the stunning of... With them characters much more interesting both in product delivery and systems reliability the -- we 're building a consumer-facing. Ahead of our expectation and also as a stand-alone introduction to the land worldwide.