>>17204048The company that distributed their podcast had upfront/advance deals and quarterly deals. tl;dr, they stopped paying out quarterly to Corny/Brian and a bunch of other people because they blew all their capital on people who had negotiated better contracts than Corny/Brian. IE. "Mark" won't join the podcast network unless he gets $500,000 up front. Since Corny/Brian's deal allowed them to be paid later, they never got paid because the money never came in.
Brian is hardcore convinced the money actually existed and the CEO of the company personally embezzled it because he's the most financially ignorant person to ever make it through a Bar Mitzvah. In actuality, there never was any money. Both the CEO and individual podcasters like Brian and Corny MASSIVELY over-estimated how much money there is in selling podcast advertisements. Every single "podcast company" and "podcast studio" that isn't owned by someone like NPR went out of business around the same time. There's literally no money in podcasting unless you self-publish or are just doing a mainstream media radio show and pretending it's a podcast (what NPR does). The guy who invented podcasting has been telling people this for 15 years, but every couple of years investors lose their ass on this industry because it's a fad investment. CEO made some minimal attempt to make his podcasters whole by offering them stock (which DID have cash value, Brian seems to not understand this), and Brian responded by accusing him of embezzling the money again, at which point Brian and Corny stopped working with the podcasting company and breached their contract.
I expect the courts to just cancel the contract and make both sides pay their own court fees, because they both breached it. All Brian had to do was not run his mouth. Their deal let them upload to youtube too, and they profited off that directly with no involvement from the podcast company, so they could have waited and sued and won, but Brian is DUMB.
