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<p>Hot Ones, the wildly popular YouTube interview show where celebrities tackle spicy chicken wings, has a new home. BuzzFeed recently sold the production company behind the hit series, First We Feast, to a group of investors led by an affiliate of George Soros’s fund.</p>
<p> Skip Montreux and Samantha Vega examine the financial pressures that led BuzzFeed to sell Hot Ones. They explore BuzzFeed’s rise as a digital media pioneer, its decision to go public through a SPAC, and the acquisition of Complex Networks in 2021. They also explain how these moves impacted BuzzFeed’s finances and led to the eventual sale of First We Feast.</p>
<p>Their conversation is a great learning resource if you want to build your English listening comprehension skills and expand your business vocabulary. Key points of their discussion include:</p>
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<li>Learn the differences between a SPAC and an IPO, and why BuzzFeed opted for a SPAC in 2021.</li>
<li>A breakdown of BuzzFeed’s $300 million purchase of Complex Networks.</li>
<li>How selling Hot Ones has helped BuzzFeed reduce its debt and pivot toward new revenue streams.</li>
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<h2>Do you like what you hear?</h2>
<p>Become a D2B Member today for to access to our -- NEW!!!-- interactive audio scripts, PDF Audio Script Library, Bonus Vocabulary episodes, and D2B Member-only episodes.</p>
<p>Visit <a href="d2benglish.com/membership">d2benglish.com/membership</a> for more information.</p>
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<p>Follow <a href="https://itunes.apple.com/jp/podcast/down-to-business-english-business/id366265697?l=en&mt=2">Down to Business English</a> on Apple podcasts, rate the show, and leave a comment.</p>
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<p>Contact Skip, Dez, and Samantha at</p>
<p><a href="mailto:[email protected]">[email protected]</a></p>
<p>Follow Skip & Dez</p>
<p><a href="https://www.linkedin.com/in/smontreux/">Skip Montreux on Linkedin<a></p>
<p><a href="https://www.instagram.com/smontreux/">Skip Montreux on Instagram<a></p>
<p><a href="http://www.twitter.com/skipmontreux">Skip Montreux on Twitter</a></p>
<p><a href="https://www.facebook.com/Skip-Montreux-225326491180046/">Skip Montreux on Facebook</a></p>
<p><a href="http://www.twitter.com/dezmorgan">Dez Morgan on Twitter</a></p>
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