"[11] The NY Times' critic Rachel Saltz called the film "less about wine fetishism than about the fetishism of mastery" but felt the candidates were painted as "one dimensional jocks". While still small, B2B sales grew strongly in the double digits in China last year despite difficult conditions out there, and we look for another strong year in 2023. We expect the tax rate to remain elevated for the near future. 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. OK. And then can you just maybe give a little more color on the North American decline? Third parties use cookies for their purposes of displaying and measuring personalized ads, generating audience insights, and developing and improving products. And I told him, and I said, 'This has to be us,'" she said. Thank you for taking the questions. [4] The chapters include The Winemaker, The Vintage, The History, The Wars, The New World, The Cost, The Barrels, The Point Scores, The Sommelier, and The Memory. [1] Directed by Jason Wise, it premiered at the Napa Valley Film Festival[2] and featured the main cast from the original SOMM film as well as additional notable people from the wine world.[3]. So basically, that is a friendly proposition for our consumer but not a friendly proposition for a person who is starting a business because, obviously, everyone has access to that 25% discount, so I don't have the space to make money. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Sales in the U.S. were down 19% in 2022, and Mexico was down 7%. And then is it gonna get better? In the Ruinart Champagne cellar with chef de cave, Frdric Panaotis. A number of them participate and not all of them have the same opinions. We also use these cookies to understand how customers use our services (for example, by measuring site visits) so we can make improvements. Jean-Louis Chave on Hermitage opening a bottle made by his grandfather in 1969. Then we meet Harvard Professor Steven Shapin, a historian who goes into detail about what wine was like in Roman times, including the so-called Golden Wine. Paul Grieco chimes in about how wine was designed to be drunk and enjoyed in ancient times. And just kind of staying in the vein of inventory and cash management, and as it relates to the updated credit agreement. Check on our side. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. Digital rental or purchase allows you to instantly stream and download to watch anywhere and anytime on your favorite devices. Somm: Into the Bottle is much more explicitly about wine and its wonders. News 8 was there for the reunion. Must Read Watch on Netflix or buy on itunes for $9.99. As you have seen, the market trends, our interest rate is gonna increase as a result of our bank agreement as well as the macro trends. Ultimately, wine is something of a time capsule, especially when you age it for a long time. Just wanted to confirm if that's still the case. How should we think about that? With the trend in Argentina and the momentum in Brazil, coming out of the fourth quarter, we are optimistic about this region in 2023. We made meaningful leadership changes midyear. The Motley Fool has no position in any of the stocks mentioned. 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. They recognized the family's address and their own handwriting. [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. [6], The film received mostly positive reviews. It might have been probably back luck. We successfully launched national distribution in 1,900 Target stores in the U.S. in early October. But yeah, I mean things are going well, really well for us in Target. Advertisement. 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. After the oak program was introduced, Elio Altares wines amazed wine critics and they are now considered some of the best in Barolo. In total, we added 50 retail chain customers around the world. Despite the difficult external environment we faced throughout 2022, we did not allow those unexpected challenges to derail us from our most important growth initiatives. Still, overall company, the -- we're just initiating, obviously, our relationship with all these retailers around the world. 2022 proved to be a much more challenging year than we could ever expected. The movie, whose tagline is "Wine is simple. 2022, as it turned out, was a real test of our results to turn around this iconic company, and expanding to new channels, and make the company as big as a brand. At that time, it was a way to keep the recurring engine running during the time of limited in-person activities. Mr. Lane, you may begin. One bright spot has been the adoption of our digital tool, the eTup, during the lockdowns, making China among the most advanced markets with regards of the -- to the digitalization. [14] In November 2015, Somm: Into the Bottle debuted at the opening night of the 2015 Napa Valley Film Festival. In 2022, Korea surpassed Indonesia, our third-largest market in the Asia Pacific region, behind China and Malaysia. Second, we will introduce a unique releasable silicone bags that are designed to replace the single-use plastic bags. Well, Somm: Into The Bottle is a completely different animal. And clearly, with the amendment, you've got a little bit more breathing room over the coming years. No surprise, I guess. [13], In January 2015, distributor Samuel Goldwyn Films announced they had acquired exclusive rights to a sequel entitled Somm: Into the Bottle, with a theatrical release planned for later in the year. Looking forward to seeing you in three months. "[10] Great Northwest Wine said, "Somm: Into the Bottle is a marvelous film that lovingly reveals so much about the history and romance of vines and wines. In our new amended credit agreement announced this week, our maximum leverage ratios increased. Somm: Into the Bottle is a 2015 wine documentary and a sequel to SOMM (2013). SOMM: Into the Bottle raises the curtain into the seldom seen world that surrounds the wine we drink. If you could just help us think about the tax rate here going forward. The regular bottle goes for about $12K. McClintic, who is most heavily featured in the film, has lost his baby fat and now looks like a slightly beefier Adam Levine, so, you know, he's handsome. [Operator instructions] Your first question comes from the line of Anthony Lebiedzinski with Sidoti. Fifty years ago. It seeks to render these men retroactively sane by showcasing the manifold wonders of wine. Jean, whose family has been making Trimbach wines for 13 generations, opens a very rare bottle of 1962 Clos Sainte Hune and shares it with his son. Something went wrong. So it's going really well. Nice to hear you. And this is the way we wanna operate because it brings brand relevance. It's our goal to continue to move into new product categories, where we believe iconic Tupperware brand may resonate with consumers. And if I can complement with the numbers, we ended the quarter with $250 million of inventory, which was down for about $230 million a year ago, and the trend continues to repeat. Director Jason Wise Writers Christina Tucker Jason Wise Stars Silvia Altare Brian Carmody Ian Cauble In these locations, consumer into our location is run by a member of our sales force to purchase our products. Every year, over 500 billion single-use plastic bags are used worldwide, which is over 1 million bags every unit. [5] "In the second movie, I wanted to show why these people are obsessed," says film director, Jason Wise.[6]. And as we do that, it would take some time to match our tax structure to our countries where we are rapidly growing. OK. 50 YEARS AGO, I WAS 13. [16], The fourth installment in the Somm series "Somm 4: Cup of Salvation" is scheduled for release in December 2022. Due to its success, we expanded its launch to Philippines, India, Japan, EMEA, showing similar success. This is Miguel. That's us,'" Leonard Moore said.One thing didn't add up. Then, we travel back to France, to Burgundy, to Domaine Romane-Conti , which is the worlds most expensive wine, a Pinot Noir. 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. YEAH. The candidates' emotions are mixed with hope and fear as their mentors give them one last impossibly hard round of situational testing in service and tasting, including an exercise in just how fast one can get a bottle of wine cold. Therefore, we will expect meaningfully higher interest expenses in 2023 than what we reported in 2022. 53 /// 2020] I mean some of them obviously grow more than other ones. Too short to portraits, too long to be soundbites, there but glimpses of greatness and, of course, bottles full of it, too. Please enter a valid email and try again. Unfortunately, just as Wise's interrogation of the sommeliers in the first film rang dead, so too do these. We're in a good space. The history, the vintage, and the magic of these bottles are discussed by the best in the business. Its 2014 and an earthquake just rocked Napa Valley. 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. With that, we will open the line for questions. And then just switching over as far as the new credit agreement. So have you done so well at Target that you're having trouble actually keeping the supply replenished? We launched air fryer late 2021 in China. We expect that the improving economic profile we began to see in Q4 will sustain in 2023. Thank you very much. StarringSilvia Altare Ian Cauble Fred Dame Aubert De Villaine Geoff Kruth Directed byJason Wise North America sales decreased 16%, primarily due to lower recruiting and overall sales force relativity, longer-than-anticipated adoption of compensation plan changes in the United States and Canada, and negative impact from price increases. Earlier this month, he followed it up with a sequel: Somm: Into the Bottle. Theyjust revealed what they believe are thetenbest stocksfor investors to buy right now and Tupperware Brandswasn't one of them! His reality is very different, his wine is no longer easy. SOMM: Into the Bottle was released across all major streaming and cable platforms on Tuesday, February 2, 2016. A young woman sommelier by the name of Kelli White (an expert on historical California wines) opens a bottle of 1966 Mondavi. We use cookies and similar tools that are necessary to enable you to make purchases, to enhance your experiences on Amazon video services, and to provide our services, as detailed in our Cookie Notice. An echo resonates in a dingy cellar after a bottle of 1969 Dom Ruinart champagneone of only 19 bottles in the worldis popped. Selling, general, and administrative expenses, SG&A, as a percentage of sales was 57% in 2022, compared with 52% in 2021, and contributing about 500 basis points increase at incremental investments in our growth initiatives, such as B2B expansion in the U.S. on the assumption of fixed cost on the lower sales and higher selling costs with a return to in-person events and meetings for the sales force. Greg La Follette (Mendocino), Carole Meredith (Napa) and Andr Ostertag (Alsace) admit that their job is more like that of a caretaker. So we continue to prioritize our investments and balancing our decisions with our desire to delever this company and reduce debt over time. She did note that the film was "an entree into a little-known world. SOMM: Into the Bottle brings viewers a rare and never before seen glimpse inside the private world of both famed and cult winemakers. Thank you, Miguel. We follow Aubert de Villaine, the current winemaker/co-owner of DRC down a stone stairway into a dark room. So that is one of the big headwinds that we're gonna have in 2023. And again, this is one of our top priorities, to lower the inventory so we can untrap that cash. So it's one of the bright spots of 2022. Into the Bottle is more heavily informative, but thankfully never feels like a quagmire of exposition."[12]. 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. And fifth, new leadership. Thank you That's helpful. This year, we're moving into new product categories. So we expect to continue to generate cash as a company, and then the bank agreement will now allow us to continue the turnaround plan for the year 2023. Thank you very much. The effective tax rate was unusually high in 2022, primarily due to the write-down of deferred tax assets that represented over 70% of our pre-tax income as well as jurisdictional mix of earnings. Invest better with The Motley Fool. Change your choices anytime by going to Cookie Preferences, as described in the Cookie Notice. Thanks for that, Miguel. So it's not material yet. Ian Cauble sniffs his glass of Elio Altare 1985. Well, thank you very much for being with us this morning. [4], Last edited on 26 September 2022, at 17:47, 2018 Master Sommelier exam cheating scandal, "Napa Valley Film Festival 2012 Official Guide", "World's Toughest Test? By region, Asia Pacific declined 19% in local currency mainly related to lower recruiting and overall sports activity. James Beard Award-winning author and Wine Communicator of the Year. 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. And like can you just give some color on why that was so disruptive? He is almost speechless. This is a sommeliers wine. [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. So we think retention and productivity will improve. Viewers are taken beyond the exam and down the wine (bottle) rabbit hole. Our entry into small appliances was highlighted with air fryer. 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. Ian Cauble comes prepared with a suitcase full of 16 pounds of wine for review. YOURE OUT HERE READING INTO? As was the case for the first movie, the film is visually breathtaking. Did they think the exam was worth it in the end? Nothing seems longer and more impressive than a bottle of 1870 Lafite , which is one of the 4 original estates to receive Bordeaux 1st growth classification in 1855 (just 15 short years before). We plan to file our 10-K before the deadline of March 16. While it's still early days, these initiatives help validate that our growth strategy to expand the consumer access to our products beyond the direction of distribution channel. For the full year 2022, dollar-reported sales declined 18% to $1.3 billion. Additional foreign currency was at $0.81 per share hit to EPS for the year. OK. And then just in terms of the tax rate also, if you could just -- obviously, this was an unusually high tax expense that you had in the fourth quarter. I'll pass it. Do you like movies about food? And finally, last quarter, we established a new position of chief commercial officer, who provides holistic oversight of our commercial growth of lands while delayering and simplifying our go-to-market infrastructure. New products accounted for 14% of sales last year. Well, as it turned out, our initial positive outlook for 2022 changed quickly. Gross margins were up year on year in the fourth quarter for the first time in six quarters as the benefits from our pricing actions throughout the year began to be realized. But market conditions there remain uncertain. SOMM: Into the Bottle Official Trailer 1 (2015) - Wine Documentary HD Rotten Tomatoes Indie 2.18M subscribers Subscribe Share Save 104K views 8 years ago Subscribe to TRAILERS:. SOMM: Into the Bottle 2015 1 h 30 m IMDb RATING 7.3 /10 1.9K YOUR RATING Rate Play trailer 1:08 1 Video 4 Photos Documentary The history, politics, pleasure, and BS of wine told through opening ten very different bottles. And in fairness, each chapter contains some really interesting stories. As an Amazon Associate, we earn from qualifying purchases. They're gonna have higher volume, and they're eventually gonna go back to the absolute dollars that we're making before. He shares with us a very rare bottle of 1969 Ermitage which was made by his grandfather. Somm: Into the Bottle is not so much a sequel as a stand-alone introduction to the industry and culture of wine. 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. The Motley Fool has a disclosure policy. These events, coupled with ongoing inflationary pressures, strengthening dollar, and rising interest rates, had a major impact on consumers globally and also in our financial performance throughout 2022. Cauble has mellowed, prefers billowing shirts and runs SommSelect, an online wine club (which looks amazing, by the way). Good morning. Best of luck, and I'll pass it on to the next caller. The history, politics, pleasure, and BS of wine told through opening ten very different bottles.The history, politics, pleasure, and BS of wine told through opening ten very different bottles.The history, politics, pleasure, and BS of wine told through opening ten very different bottles. Rent 5.49. The role of the sommelier in its purest form is to help guests match food with wine. Directors Jason Wise Starring Ian Cauble, Fred Dame, Geoff Kruth Genres Documentary First, increase financial flexibility. Got it. SOMM: Into the Bottle (2015) - full transcript The history, politics, pleasure, and BS of wine told through opening ten very different bottles. By Brian D. Renner Jan. 25, 2016. So let me now answer your question about interest rates. So, hi. And then the next time I went to see, it was all gone off the shelf, and then I didn't see it replenished very quickly. Can you tell us what inventories were at the end of the quarter? Donna kept saying, 'That's us. So obviously, we believe it's gonna get better, and it's gonna be better from many points of view, but this is what I call sustainable growth from profitable growth. Somm: Into the Bottle is now available via streaming and VOD. (Wise and his DP, however, liberally partook.). In this year, we have a series of one-time items related to the valuation of our deferred tax assets. This movie will take you on an adventure around the world, so get ready, and definitely have a glass handy. As we said in our last call, we look to spend an additional $100 million in rendering cost over the next three years. "Oh, yeah, that's my handwriting," Donna Moore said. So every time the POs come in, we're being -- obviously, it's a big priority. 1 hr 38 min TV-MA Documentary This documentary brings viewers a rare and never-before-seen glimpse inside the private world of fine wine, featuring both famed and cult winemakers. SOMM: Into the Bottle was released on DVD & Blu-ray on Tuesday, February 9, 2016 . [18] The show, renamed Uncorked, debuted on November 10, 2015. Perhaps its because of the struggle. Great. And how do you think about managing the trade-off between the two? The follow up to writer/director Jason Wises 2013 cult-hit SOMM. And if so, can you kind of wrap some color around what the magnitude of those increases might be? '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. And I told him, and I said, 'This has to be us,'" she said. The film was distributed by Samuel Goldwyn Films. This is arguably Australias most important wine and wine producer. WHEN THEIR ANNE SHANNON WGAL NEWS 8. But the passage of time has rendered these characters much more interesting. Or kind of what's the situation there? [9] The LA Times' critic Kenneth Turan called the film "glib but ultimately engaging. [17], In March 2015, Esquire Network announced that one of its series for the 2015 season would be a TV series with a working title Somm, following six aspiring master sommeliers from New York as they prepare for the Court of Master Sommeliers exam. HEY, THE MORE SAY THAT THEY WILL PLACE THE GLASS BOTTLE RIGHT ON THE MANTLE OF THE FAMILY FIREPLACE, AND THATLL BE A GREAT TALKING POINT IN OUR. Yoon Ha thinks a basic hot dog is awesome with Beaujolais, and Madeline Puckette says Chili goes shockingly well with Spanish Cava. While he leads on, Brian McClintic (from Somm 1) explains how even top experts on Burgundy (Bourgogne) will never in their life enter the cellar at DRC. Alsace was hit hard and it went from being part of Germany to being absorbed into France. Yes. It was Bernard Moore," Christa Moore Wire said. ), One grown-ass womans descent into the soul of the American teen on their home turf: the mall food court, The Next Era of American Fine Dining Is Here, Care of West Africa, Chefs are spotlighting their culinary heritage on tasting menus, at buzzy pop-ups, and at new restaurants across the country, Debbi Fields, the founder of Mrs. Fields, has been called both a "feminist American dream" and a "good-looking front" for a multimillion-dollar brand. 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. "They were bouncing up and down on the chairs. Thanks for that. They all spend 6- to 10-hour days tasting, studying flashcards, and speculating on each others sanity. Pricing accounted for an 8% benefit, which was more than offset by a decline in unit volume of approximately 22%. [15], Somm 3 was released in the fall of 2018 by distributor Samuel Goldwyn Films. Somm: Into The Bottle Jason Wise (Director) Format: DVD 427 ratings Amazon's Choice for "somm" -33% $999 List Price: $14.99 Get Fast, Free Shipping with Amazon Prime & FREE Returns Prime Video $3.99 $14.99 DVD $9.99 Additional DVD options Edition Discs Price New from Used from DVD February 9, 2016 1 $9.99 $9.99 $3.49 Watch Instantly with Rent He shared it with News 8, hoping to find who left it behind.Donna Moore, of York County, was watching. The film is organized into 10 chapters, each with a focused story that shows a different side (and style) of wine. AND WERE TALKING ABOUT THEM HERE ON NEWS 8. Good morning, Anthony. Thank you, Anthony. Your next question comes from the line of Chasen Bender with Citigroup. In fact, the number of our markets reporting B2B activity in 2022 was 22 markets. //]]> 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? In fact, we're running slightly ahead of scale. SOMM begins a countdown leading to the exam at the end of the film. I do apologize. THATS US. Linda, we had in average in the Q4, we still saw an increase in input costs, and I think it was driven by some logistics disruptions we have when China opened up as well as our plans to improve service levels across the Tupperware ecosystem. So we are carrying good momentum into 2023. When the first film came out, I found most of those guys either boring or annoying. "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? '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. See production, box office & company info. So for our tax rate, we expect the tax rate to continue to be elevated. You will want a glass in your hand to watch this film.. Got it. e track upcoming movies through all stages of film production. The film's director Jason Wise last directed Somm. Common study techniques include tracing Internet maps for color-coding wine regions, making an absurd amount of flashcards, even Skyping with each other at 2:30AM for mock quizzes. [4] In 2019, SOMM TV was launched by creator Jason Wise with original shows.[5]. Excluding unfavorable currency exchange, sales declined 14%. Finally, a replay of this call will be available on our investor relations website later today. 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. Yoon Ha describes several food and wine pairings. //