The Economics of LEGO

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  • เผยแพร่เมื่อ 3 ธ.ค. 2020
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ความคิดเห็น • 1.1K

  • @WaywardEnding
    @WaywardEnding 3 ปีที่แล้ว +4286

    Like a wise man said: Steal a man's wallet and he'll be poor for a month. Introduce him to LEGO and he'll be poor for the rest of his life..

    • @LuvzToLol21
      @LuvzToLol21 3 ปีที่แล้ว +252

      Lego: crack is cheaper

    • @speedy01247
      @speedy01247 3 ปีที่แล้ว +85

      jokes on you I am poor regardless of where my wallet is.

    • @mahdihajdahmen5793
      @mahdihajdahmen5793 3 ปีที่แล้ว +56

      Can't wait to get a job to start buying LEGO

    • @business_central
      @business_central 3 ปีที่แล้ว +26

      I double checked. This quote is 100% accurate.

    • @erikrungemadsen2081
      @erikrungemadsen2081 3 ปีที่แล้ว +36

      "No honey it is not as expensive as you think!"

  • @rj5848
    @rj5848 3 ปีที่แล้ว +4788

    You mean economy of Denmark

    • @liam-man7265
      @liam-man7265 3 ปีที่แล้ว +163

      You mean the economy of Bricksburg.

    • @AxxLAfriku
      @AxxLAfriku 3 ปีที่แล้ว +12

      HELLO!!! I want to spend time with celebrities. Just kidding. GAGAGAGAGA! I only want to spend time with my two girlfriends and record TH-cam videos for with the 3 of us. OH YEAH. Don't hate me for living the best life, dear rj

    • @Tartar
      @Tartar 3 ปีที่แล้ว +90

      LEGO is a large company, earning 6 billion $ in revenue every year. But still it's not even in the top 10 largest companies nationally. In fact, it's number 13.

    • @liam-man7265
      @liam-man7265 3 ปีที่แล้ว +18

      @@Tartar What Company is larger than LEGO? Playmobil? K’nex? Mega Bloks?

    • @ananthkutuva3748
      @ananthkutuva3748 3 ปีที่แล้ว +68

      @@AxxLAfriku bruh why even exist anymore as a channel if ur like this

  • @Zeffary20
    @Zeffary20 3 ปีที่แล้ว +551

    As a child that grew up in the early 2000’s, hearing that LEGO almost went bankrupt in 2003 is horrifying thought. Bionicle and various other LEGO brands were such a large part of that. Great video!

    • @citrusquest623
      @citrusquest623 3 ปีที่แล้ว +30

      I made my first and longest friendship at age 5 because one of us said "do you like bionicle?"
      it was a pretty good time to be a kid.

    • @TheDragonfriday
      @TheDragonfriday 3 ปีที่แล้ว +7

      They treated bionicle horrible

    • @jimpanrooney
      @jimpanrooney 3 ปีที่แล้ว +8

      @@citrusquest623 Still have my bionicles from 2004-2005 up in my room. Crazy they are over 15 years, like them a lot

    • @jacksauce
      @jacksauce 3 ปีที่แล้ว +3

      Yeah. I was born in early 2002 and got introduced to Lego when I was 6. Lego Bionicle, Star Wars, and eventually Batman were a huge part of my childhood. Scary to think that the company almost failed right after I was born.

    • @RaiJolt2
      @RaiJolt2 3 ปีที่แล้ว

      @@TheDragonfriday Yeah, Bionicle's parts from 2006-2010 were terrible quality-wise if only the parts didn't shatter. Yet the parts from 2001-2005 are still in good condition, though friction has been lost.

  • @79ompatil26
    @79ompatil26 3 ปีที่แล้ว +476

    They just gotta stop building full rescue helicopters each time a man falls into a river in lego City

    • @elliotw4606
      @elliotw4606 3 ปีที่แล้ว +16

      HEY!
      Finally somebody referenced the meme in the comment section. The internet made me proud today. 😁

    • @joshuabrown7815
      @joshuabrown7815 2 ปีที่แล้ว +4

      LEGO city is crippled by debt

  • @Marco_Onyxheart
    @Marco_Onyxheart 3 ปีที่แล้ว +2029

    I'm always amazed at how tight the tolerances are. I've used Lego in engineering projects, because they're way more accurately manufactured than I could ever dream to do myself. Lego bricks and parts are an engineer's wet dream.

    • @erikrungemadsen2081
      @erikrungemadsen2081 3 ปีที่แล้ว +170

      Lego technic does that so well, it is a joy to play with.

    • @anartapoashan5714
      @anartapoashan5714 3 ปีที่แล้ว +63

      Mindstorms!

    • @GyroCannon
      @GyroCannon 3 ปีที่แล้ว +69

      Agreed. I have a 3d printer that wishes that it could create things that are as consistent as Lego bricks

    • @erikrungemadsen2081
      @erikrungemadsen2081 3 ปีที่แล้ว +69

      Every time 3D printers become more accurate, a toy company board member gets a heart attack!

    • @uwu_senpai
      @uwu_senpai 3 ปีที่แล้ว +53

      @@GyroCannon That's because of the manufacturing process. And that's exactly why we don't use 3d printing for a lot of projects. As a mechanical engineer for mass production of metal part we mostly use stamping, forging and molding.

  • @liam-man7265
    @liam-man7265 3 ปีที่แล้ว +1407

    Cells: “We are the building blocks of life.”
    LEGO Bricks: *”Allow us to introduce ourselves.”*

  • @siddhayak
    @siddhayak 3 ปีที่แล้ว +1592

    Lego, or as it's known to toddlers, food.

    • @grahamturner2640
      @grahamturner2640 3 ปีที่แล้ว +1

      🤣

    • @jaymevosburgh3660
      @jaymevosburgh3660 3 ปีที่แล้ว

      Yeah but babies put anything & all things into their mouth ;)

    • @imrannajmi12
      @imrannajmi12 3 ปีที่แล้ว +13

      @Scott then the kids would think any lego is edible...

    • @budakbaongsiah
      @budakbaongsiah 3 ปีที่แล้ว +1

      @@imrannajmi12
      Lego Restaurant, though.

    • @hrijulchauhan4701
      @hrijulchauhan4701 3 ปีที่แล้ว +1

      LMFAO SIDDHAYAK HI HELLO

  • @noahi.1381
    @noahi.1381 3 ปีที่แล้ว +677

    “An average of 80 Lego brick per person...”
    Me with my collection of over 100k bricks that I used to build a fourteen-story tower with an elevator: **nervously sweating**

    • @legolandlord88
      @legolandlord88 3 ปีที่แล้ว +18

      Me with my 1969 part lego saturn V

    • @gameseeker6307
      @gameseeker6307 3 ปีที่แล้ว +14

      Gotta flex that cash
      With legos

    • @user-hq3lh4qo1l
      @user-hq3lh4qo1l 3 ปีที่แล้ว +3

      Any videos of that ? Would love to see how it looks like & works

    • @gameseeker6307
      @gameseeker6307 3 ปีที่แล้ว +1

      @@user-hq3lh4qo1l good question

    • @ThaBoss3006
      @ThaBoss3006 3 ปีที่แล้ว

      Rightio trump, no need to lie

  • @GeorgeMartinus
    @GeorgeMartinus 3 ปีที่แล้ว +400

    Toddlers: "Food"
    Grown ups: "Landmines"

    • @gregdabrat
      @gregdabrat 3 ปีที่แล้ว +2

      Lol

    • @Antphoneigh
      @Antphoneigh 2 ปีที่แล้ว +2

      well engineered landmines

  • @THEREALVITO
    @THEREALVITO 3 ปีที่แล้ว +331

    It's also important to note Bionicle, along with being unique and appealing to older kids, was more affordable than most lego sets. One character was usually 10$ USD, some 5$, with later on a few crazier complex ones, including ones with traditional legos. Probably became overwhelming for parents as some kids lost interest in Bionicles.

    • @JohnDlugosz
      @JohnDlugosz 3 ปีที่แล้ว +3

      If you see a price tag that reads "10$" it must be a (probably Chinese) knockoff, so don't buy it. What is it with TH-cam and Reddit comments that has people writing the dollar sign after the number, which even if you didn't learn it properly in school, is not what you see around you on every pricetag, invoice, bank statement, and even the money itself. So how did this infuriating meme come to be?

    • @bobbirdsong6825
      @bobbirdsong6825 3 ปีที่แล้ว +30

      @@JohnDlugosz
      when you say $10, it comes out as "ten dollars (10 $)". so really I just think people are typing fast and decide to put the dollar sign as they think it, after the 10. additionally, some people might have been used to it depending on where they grew up.

    • @Splinter-ge9pf
      @Splinter-ge9pf 3 ปีที่แล้ว +22

      @@JohnDlugosz Well, I'm from Poland and didn't even know you write $ first. Also it sounds wrong when you read it (at least to me)
      10$ - ten dollars
      $10 - dollar ten

    • @MrTurbomaexx
      @MrTurbomaexx 3 ปีที่แล้ว +30

      @@JohnDlugosz it must be interesting to live in a world, where everybody lives in the USA and pays their bills in dollars.... For many other countries, you write the sign after the number, "10€" etc

    • @THEREALVITO
      @THEREALVITO 3 ปีที่แล้ว +16

      @@JohnDlugosz What can I say, I don't think it matters all that much, but that's just my cents two

  • @cokezzz8249
    @cokezzz8249 3 ปีที่แล้ว +201

    Forgot to mention that Lego literally built an entire airport next to its headquarter and factory, which is now the 2nd largest International airport in Denmark.

    • @jimpanrooney
      @jimpanrooney 3 ปีที่แล้ว +4

      That's pretty damn crazy actually

    • @Elenrai
      @Elenrai 3 ปีที่แล้ว +18

      @@jimpanrooney eeeh, honestly it made sense to put an airport there, its in the central part of the Jutland Pennisula, close to major highways and motorways, the biggest one is literally in the other end of the country on an island, that you're easily a 5-6 hour drive away from it!

    • @jespoketheepic
      @jespoketheepic 2 ปีที่แล้ว +2

      @@Elenrai Putting it in that general part of the country was to be expected, but Lego is definitely the reason it is in Billund instead of somewhere along the E45.

  • @SlayCC
    @SlayCC 3 ปีที่แล้ว +2357

    PC Building is Like Lego Building, Costs about the same too.

    • @IthorBricks
      @IthorBricks 3 ปีที่แล้ว +8

      I wish.

    • @Splinter-ge9pf
      @Splinter-ge9pf 3 ปีที่แล้ว +71

      @@IthorBricks wdym, Lego is sooo expensive dude

    • @STAR7827
      @STAR7827 3 ปีที่แล้ว +3

      @@Splinter-ge9pf what lego is not expensive

    • @Splinter-ge9pf
      @Splinter-ge9pf 3 ปีที่แล้ว +43

      @@STAR7827 yes it is, in Poland we have these small sets with like 60 bricks for 80 pln (~20$)

    • @IthorBricks
      @IthorBricks 3 ปีที่แล้ว +27

      @@STAR7827 Lego is expensive, but not remotely as PC parts. Also, some sets are much worse value kinda like buying a 2080 super for 800 dollars right now.

  • @skenzyme81
    @skenzyme81 3 ปีที่แล้ว +720

    Well done, but failing to mention the Lego “Ideas” concept was a serious miss. Lego brilliantly invests in the Lego community, developing superfans that purchase 10x more Lego than their typical customer.
    It’s like a license to print money

    • @skenzyme81
      @skenzyme81 3 ปีที่แล้ว +23

      I just finished the Voltron set so I’m pretty biased 😅

    • @cjjuszczak
      @cjjuszczak 3 ปีที่แล้ว +80

      Not to mention Lego Mindstorms/Robotics, an entirely brand new way to use Lego, with electricals, compute modules, sensors, etc.

    • @roguechlnchllla6564
      @roguechlnchllla6564 3 ปีที่แล้ว +8

      Who design sets for them

    • @lunaurum3515
      @lunaurum3515 3 ปีที่แล้ว +12

      I'm a fan of that concept, maybe because the Saturn V is my favorite set that I've built

    • @leandrocasas90
      @leandrocasas90 3 ปีที่แล้ว +2

      This is an interesting point actually. But I guess that maybe they are not a significant part of their revenue

  • @isaacdestura7495
    @isaacdestura7495 3 ปีที่แล้ว +122

    I think this vid kinda overstates how important licensed movie themes are, and glosses over ninjago, City, Modular, or Creator Expert, which are all amazing themes in their own right.

    • @Nphen
      @Nphen 3 ปีที่แล้ว +11

      I remember in the 1990's there were generic pirate and castle sets. I loved Town and had a lot of those, but also had times where I wished we had gotten the really big castle. Those castle/pirate sets could easily go together, with their hand weapons and stone-and-wood buildings. There were a few different space sets, too, which was cool to have different space factions with different ships and tech.

    • @sirexilon49
      @sirexilon49 3 ปีที่แล้ว +14

      And also understates the importance of Bionicle. (It played a much bigger part in saving Lego from bankrupcy than licensed themes did around 2003)

    • @Obi-Wan_Kenobi
      @Obi-Wan_Kenobi 3 ปีที่แล้ว +11

      Agreed. They also glossed over how Lego's gotten really good with multimedia products. They aren't just selling toys, they have successful movies, tv shows, video games, and books. And they use this media to promote their physical toy produces. It creates an awesome financial synergy!

    • @unspeakablyawesomebros3392
      @unspeakablyawesomebros3392 3 ปีที่แล้ว +12

      Definitely understated the importance of Ninjago.Its probably the 2nd or 3rd most profitable theme for the Lego company and the best thing is that they don’t have to pay a licensing fee for it.

    • @lopoa126
      @lopoa126 3 ปีที่แล้ว

      @@unspeakablyawesomebros3392 and they don't have to create sets based on previews that don't end up in the actual movie (Star Wars and Marvel)

  • @GoodSoup
    @GoodSoup 3 ปีที่แล้ว +221

    Goodyear: We make a lot of tires.
    Michelin: We make a LOT of tires
    Lego: *Allow us to introduce ourselves*

  • @MonkeyDBuild
    @MonkeyDBuild 3 ปีที่แล้ว +323

    Sucks that I never got into Legos. They were too expensive for my fam.

    • @abhinav5847
      @abhinav5847 3 ปีที่แล้ว +34

      I feel ya.

    • @stunnasaad
      @stunnasaad 3 ปีที่แล้ว +26

      you can find fake legos at the dollar store lmao

    • @nsk370
      @nsk370 3 ปีที่แล้ว +44

      I got them only on my birthdays as a kid because they were very expensive for us too, yet it was still always my favourite toy

    • @speedy01247
      @speedy01247 3 ปีที่แล้ว +58

      @@griffinfoster3098 today I learned there is an acronym for adults who play with lego.

    • @mahdihajdahmen5793
      @mahdihajdahmen5793 3 ปีที่แล้ว +8

      When i was a kid i had to spam my parents for two years to get a new set and now i understand why
      THEY ARE TOO EXPENSIVE!

  • @gauravpallod4768
    @gauravpallod4768 3 ปีที่แล้ว +72

    "If anything, the premium-feel of the humble LEGO brick has only grown - as you discover
    those from your childhood still smoothly, satisfyingly, click-in-place after decades
    of waiting." - Golden Words

    • @jimmalybob4829
      @jimmalybob4829 3 ปีที่แล้ว +8

      The pale and translucent prints on some minifigures:
      Am I a joke to you?

    • @thomaszinser8714
      @thomaszinser8714 3 ปีที่แล้ว +5

      @@jimmalybob4829 ball joints (especially in light blue): Am I a joke to you?

    • @gregdabrat
      @gregdabrat 3 ปีที่แล้ว

      Yes

    • @typehere6689
      @typehere6689 3 ปีที่แล้ว +1

      Sorta. Not all LEGO connections click. Some do, but others don't. Among the silent ones are those in between the iconic bricks.
      Apart from this minor thing, the line is good

    • @Shvetsario
      @Shvetsario 3 ปีที่แล้ว +1

      Lol not mine. I left them out in the heat, and even recently our home gets very hot and I’ve noticed cracks on some of my minifigures.

  • @PGF444
    @PGF444 3 ปีที่แล้ว +357

    "Customers choose Lego simply because they're better."
    Held der Steine would like to know your location.

    • @rremo
      @rremo 3 ปีที่แล้ว +26

      hallo bruder

    • @b.b.4879
      @b.b.4879 3 ปีที่แล้ว +17

      75201 hust hust

    • @legendarynoodle2438
      @legendarynoodle2438 3 ปีที่แล้ว +21

      Erstmal disliken und melden wegen Verbreitung von falschen Informationen.

    • @rremo
      @rremo 3 ปีที่แล้ว +9

      @@legendarynoodle2438 was?

    • @Arcaryon
      @Arcaryon 3 ปีที่แล้ว +9

      This. It's so amusing to watch videos like this contrasted to one of his rants.

  • @KaitiansCountryballs
    @KaitiansCountryballs 3 ปีที่แล้ว +491

    The Danish gave up on global conquest after the end of the Viking Era
    They said

    • @SophiaAstatine
      @SophiaAstatine 2 ปีที่แล้ว +1

      Just wait for our viking 2: Electric Plunder and loot

  • @SolidBrixStudios
    @SolidBrixStudios 3 ปีที่แล้ว +548

    Awesome video!

    • @yg6484
      @yg6484 3 ปีที่แล้ว

      Hey David!

    • @masterwill8973
      @masterwill8973 3 ปีที่แล้ว +2

      Your channel’s great!

    • @johnlemon7817
      @johnlemon7817 3 ปีที่แล้ว +2

      I was hoping to see a LEGO youtuber here

    • @cqb1494
      @cqb1494 3 ปีที่แล้ว +2

      Best Lego youtuber 👍

    • @NowThatsMusiQ
      @NowThatsMusiQ 3 ปีที่แล้ว +1

      You're the one who's awesome

  • @_MrMoney
    @_MrMoney 3 ปีที่แล้ว +41

    I thought I would see an intricate description on the taxes payed by the people of *LEGO®City™* But this is acceptable

  • @patricko9479
    @patricko9479 3 ปีที่แล้ว +28

    8:50 i guess der Held der Steine would like to talk about that with you.

    • @schadowizationproductions6205
      @schadowizationproductions6205 3 ปีที่แล้ว +1

      Bezogen auf die Qualität der Steine würde er wahrscheinlich sogar zustimmen. Das Problem ist alles andere drum herum: Preise, Storytelling, Strategien, Set-Kombinationen etc. pepe.

  • @thatocelot879
    @thatocelot879 3 ปีที่แล้ว +145

    The economics of "Ow! That hurts!"

  • @Voxelize
    @Voxelize 3 ปีที่แล้ว +48

    "Let's talk about the success of LEGO"
    Bionicle fans: oh yeah, here we go!

    • @sirexilon49
      @sirexilon49 3 ปีที่แล้ว +7

      Bionicle fans after watching the video: "My disappointment is immeasurable and my day is ruined"

    • @Voxelize
      @Voxelize 3 ปีที่แล้ว

      @@sirexilon49 that’s just Bionicle fans after the mid/late 2000s anyway.

    • @sirexilon49
      @sirexilon49 3 ปีที่แล้ว +1

      @@Voxelize something, something lime joints

    • @Voxelize
      @Voxelize 3 ปีที่แล้ว

      @@sirexilon49 no idea what you mean. All my stuff if is blue and white.

    • @sirexilon49
      @sirexilon49 3 ปีที่แล้ว +1

      @@Voxelize Lime Joints are a sort of inside joke in the Bionicle community:
      beacuse in the 2007 Bionicle sets the lime colored parts were extremely fragile and brittle due to, if I remember correctly a cooling error during production.
      Though thankfully in 2008 Lego remodeled the ball and socket parts and made all of them just as fragile.(if nor more so, Though here it was so fragile because the balls were slightly too big)

  • @lausannecommercial
    @lausannecommercial 3 ปีที่แล้ว +31

    This story was featured in the 2003 bestseller book “The Halo Effect”. At the time, no one knew why LEGO was failing. What a turn around, just like Apple!

  • @erikeriks
    @erikeriks 3 ปีที่แล้ว +407

    Lego walked so Minecraft could run

    • @GreenBlueWalkthrough
      @GreenBlueWalkthrough 3 ปีที่แล้ว +87

      And now they run together.

    • @jttg
      @jttg 3 ปีที่แล้ว +8

      Minecraft was hugely popular before lego made branded sets...

    • @GreenBlueWalkthrough
      @GreenBlueWalkthrough 3 ปีที่แล้ว +39

      @@jttg He meant building blocks in general, not just the licensed sets.

    • @samuvisser
      @samuvisser 3 ปีที่แล้ว +26

      i never liked this comparison. Sure they both have blocks but that's about where the similarities end. The mining, crafting and fighting zombies is what makes this game

    • @GreenBlueWalkthrough
      @GreenBlueWalkthrough 3 ปีที่แล้ว +17

      @@samuvisser Take away survival and what's left is creativity something they both champion. And besides, the only good games like Minecraft at the time of the Minecraft alpha were the lego games and Roblox which it too was alot alike the old lego games too..

  • @hylox
    @hylox 3 ปีที่แล้ว +30

    8:57 I disagree! Sets like the Fiat 500 have massive color problems while being more expensive than ever before.

  • @danriddick914
    @danriddick914 3 ปีที่แล้ว +160

    Pretty sure you meant to say "those bricks from 1962" rather than "those 62 year old bricks" --- Bricks from 1962 are currently only 58 years old after all ;)

    •  3 ปีที่แล้ว +19

      It could be the other way around - he said in the narration it was in 1958 and that is indeed 62 years ago, only the text shown in the video incorrectly said 1962.

    • @robbybacus
      @robbybacus 3 ปีที่แล้ว +19

      Maybe the vid wasn't supposed to be released till 2024 lol

    • @dragatus
      @dragatus 3 ปีที่แล้ว

      Give it 4 years and it'll be accurate.

    • @joppedegroen6918
      @joppedegroen6918 3 ปีที่แล้ว +1

      @ yeah I'm pretty sure the illustrator was either sloppy or running out of time.
      Also take a look at the first seconds of the video, what is this animation? (Maybe I'm just plain stupid but it doesn't make sense to me)

  • @glitch3141
    @glitch3141 3 ปีที่แล้ว +25

    Bionicle: saves LEGO
    Lego: I don’t know this man

  • @FlyingMozzarella
    @FlyingMozzarella 3 ปีที่แล้ว +29

    PolyMatter, HAI, Wendover, Kurzgesagt, Life Noggin, Veritasium, Real Engineering, Real Science, Khanubis (among others) - things that make my quarantine (and life) better!

  • @michaelz.7140
    @michaelz.7140 3 ปีที่แล้ว +9

    9:02 laughs in Held der Steine

  • @acertainredpanda1115
    @acertainredpanda1115 3 ปีที่แล้ว +86

    The quality of lego sets has gone up and up over the past 10 years, it even has become an awesome hobby for adults, which already is a gold mine for the company.

    • @generalgta3528
      @generalgta3528 3 ปีที่แล้ว +1

      Hey, please reply to me!

    • @TheDragonfriday
      @TheDragonfriday 3 ปีที่แล้ว +1

      I don't care, I want bionicle back, as I love the build system there instead of bricks.

  • @litboi185
    @litboi185 3 ปีที่แล้ว +79

    In Germany we say: Welt seid mir gegrüßt

    • @alittlebitintellectual7361
      @alittlebitintellectual7361 3 ปีที่แล้ว +16

      Ich bin der Held der Steine in Frankfurt am Main im Herzen von Europa in meinem wunderbaren kleinen Lädchen an einem fantastischen Tag und schaut mal was ich euch mitgebracht habe, eine Anklage der LEGO Juris AS!

    • @matthiaskritzinger5509
      @matthiaskritzinger5509 3 ปีที่แล้ว +4

      Danke! 😁

  • @Bussiness_account
    @Bussiness_account 3 ปีที่แล้ว +14

    I must admit that the thumbnail was pristine.

  • @michaelcutler5538
    @michaelcutler5538 3 ปีที่แล้ว +7

    Lego seriously did bionicle dirty by passing up the 20 year anniversary set from lego ideas

  • @metamorphosis_77
    @metamorphosis_77 3 ปีที่แล้ว +29

    The name 'LEGO' is an abbreviation of the two Danish words “leg godt”, meaning “play well”. Smart. I like it.

    • @paynepersons6147
      @paynepersons6147 3 ปีที่แล้ว

      It also means "I put together" in Latin.

    • @anthalasdaelith
      @anthalasdaelith 3 ปีที่แล้ว

      @@philip9830 the danish word is legetøj, which means play thing (although tøj also most commonly means clothes)

  • @ranwo9270
    @ranwo9270 2 ปีที่แล้ว +4

    Glad to see a mention of Bionicle.
    Most people out there always saying that star wars is the one saving Lego but they forgot the very first Messiah

  • @schoggimah2142
    @schoggimah2142 3 ปีที่แล้ว +7

    Already heard of the Lamborghini Siam containing a stunning amount of different shades of green? Thats just another level of detail!

    • @massimookissed1023
      @massimookissed1023 3 ปีที่แล้ว

      People refer to that set as
      *Fifty Shades Of Green.*

  • @FayeHunter
    @FayeHunter 3 ปีที่แล้ว +82

    On record John Lennon said "I would absolutely get my ass kicked by a Bionicle. Like it would kill me easily".

  • @JohnSmith-kj2od
    @JohnSmith-kj2od 3 ปีที่แล้ว +3

    When something is a huge
    1.kids toy
    2.adults pride
    3.meme
    4.super handy
    5.possible weapon
    It is bound to succeed

  • @dejanjakobovic9803
    @dejanjakobovic9803 3 ปีที่แล้ว +21

    When I was 6, I nearly swallowed a lego plate. Still haunts me.

    • @generalgta3528
      @generalgta3528 3 ปีที่แล้ว +1

      Yo, please reply to me!

    • @generalgta3528
      @generalgta3528 3 ปีที่แล้ว +1

      What's in your profile picture picture?!?!

  • @myfolder5388
    @myfolder5388 3 ปีที่แล้ว +19

    polymatter is one of my favorite youtube channels ever created. he always explains interesting things with beautiful visuals. never stop making videos

  • @debated8358
    @debated8358 3 ปีที่แล้ว +95

    Hm seems to me that IKEA borrowed a bit from lego’s business model...
    I love your videos though! They inspired me to start my own channel!

    • @mrtek8095
      @mrtek8095 3 ปีที่แล้ว +3

      Noice channel!

    • @debated8358
      @debated8358 3 ปีที่แล้ว +3

      @@mrtek8095 thanks!

    • @johnnypham2850
      @johnnypham2850 3 ปีที่แล้ว +1

      IKEA currently has a release of LEGO BOXES

    • @savagenovelist2983
      @savagenovelist2983 3 ปีที่แล้ว

      @@debated8358 OMG, Your channel is my heaven. Will definitely be subbing on my alt.

    • @debated8358
      @debated8358 3 ปีที่แล้ว

      @@savagenovelist2983 Thanks!

  • @Obi-Wan_Kenobi
    @Obi-Wan_Kenobi 3 ปีที่แล้ว +1

    Regarding Lego striking licensing deals with other IPs and their attempts to break out of dependency by creating their own IPs, I feel the need to mention that Lego has done this successfully a number of times, not just with the Lego Movies.
    The first massive success was obviously Bionicle (which you mentioned) but there were loads of others before even the Lego movie. Lego Ninjago, for example, was a breakout star and is probably the most popular original IP Lego currently has. It's essentially the new Bionicle in terms of popularity and it still going strong after 10 years.
    Other successes over the last 10 years include Lego Friends, Lego Elves, and Leo Chima. And Lego has also become really consistent with producing temporary IPs. They introduce a theme and plant for it to run for 3 years. It's not meant to be permanent, but in those 3 years they market it and develop it and it makes money.
    It's all a way to help balance licensed IPs and Lego's own IPs. And I think Lego's doing a pretty good job balancing their portfolio's most popular IPs (which are currently Marvel, Star Wars, Ninjago, Friends, and City). It's an excellent mix for licensing and originals and it leaves the floor wide open for experimentation to find the next big success. And if you want even more info, I'd encourage you to look at Lego's quarterly reports. You can find them online and they give a lot of info about what's really popular in terms of Lego Themes.

  • @joshuahodge1181
    @joshuahodge1181 3 ปีที่แล้ว +8

    Good job
    Lego: delighting children and striking terror in the hearts of bear footed parents for decades.

  • @rj5848
    @rj5848 3 ปีที่แล้ว +94

    The economy of lego went downhill because they didn’t use skillshare

  • @ebbeb9827
    @ebbeb9827 3 ปีที่แล้ว +9

    My mum used to work at Lego in Billund when I was a kid and I would get all kinds of experimental Lego sets and Lego media

    • @business_central
      @business_central 3 ปีที่แล้ว +3

      Waaw! That must great! Any experimental Lego set that stood out to you?

    • @ebbeb9827
      @ebbeb9827 3 ปีที่แล้ว

      @@business_central yea i was very spoiled haha. Don't remember any specific sets sorry I was a kid

    • @business_central
      @business_central 3 ปีที่แล้ว +3

      @@ebbeb9827 Oh it's alright! Just was genuinely curious about it. :D
      Good for you! Wish you more fun to come!

  • @filipzietek5146
    @filipzietek5146 3 ปีที่แล้ว +11

    07:15 aren't legs styles same mold and just differ with the print? Don't know if it's a good example.

    • @gangweed3244
      @gangweed3244 3 ปีที่แล้ว

      You've got a point.

    • @Nimroc
      @Nimroc 3 ปีที่แล้ว +1

      I found that part a bit confusing as well, unless it is just having multiple mold setups for different colors.
      Other than colors the only leg parts that was significantly different for the pirate sets as far as I know was for peg legs or skeletons.

  • @alpacalyps1464
    @alpacalyps1464 3 ปีที่แล้ว +6

    I thought that minifigs had outnumbered humans by now.

  • @jaumesol3480
    @jaumesol3480 3 ปีที่แล้ว +7

    Lego in the 90s be like:
    RANDOM BULlSHIT GO!!!

    • @007kingifrit
      @007kingifrit 2 ปีที่แล้ว

      i had the coolest lego inca temple set from that time

  • @BenPotts
    @BenPotts 3 ปีที่แล้ว +1

    as a kid, i could never really get into the "generic" LEGO blocks, however i was obsessed with star wars, and absolutely loved putting those early star wars sets together, for me the most fun part was following the instructions and slowly seeing it all come to life, not that i didnt enjoy being creative aswell. i loved the mini figures of darth vader, yoda, droids etc, and i always dreamed of one day getting the millenium falcon set. honestly i still do

  • @jerryfan8378
    @jerryfan8378 3 ปีที่แล้ว +7

    polymatter at the beginning of the video: legos not simple to sell
    polymatter at 6:10

  • @cim888
    @cim888 2 ปีที่แล้ว +4

    With the prices that Lego is charging now are down right ludicrous... $20-30 for a dozen or so blocks, $60 plus for small models, $80/$70 adult/kids ticket to Legoland just to play with Lego and see models. Wow just wow, truly gone are the days $20 bucks worth of lego would last a whole childhood. If you have ever pirated a game then you cannot laugh at those that use imitation Lego.

    • @SophiaAstatine
      @SophiaAstatine 2 ปีที่แล้ว

      Yeah, it's pretty crazy. Even in Denmark, where there's less of an issue with shipping, the prices are higher. But looking at toys in general, it just seems like toy companies over all can get away with it because kids aren't going to weigh the financial burden of it very thoroughly.

  • @Tockrellman
    @Tockrellman 3 ปีที่แล้ว +15

    This video made me want to go buy legos.

    • @nathanaeldufresne9467
      @nathanaeldufresne9467 3 ปีที่แล้ว

      I thought I was the only one

    • @TeraHammer
      @TeraHammer 3 ปีที่แล้ว +1

      oh man, the temptation

    • @007kingifrit
      @007kingifrit 2 ปีที่แล้ว

      it made me think of all the lego sets i loved as a kid. my deep sea sets with the bright green clear clear plastic hood on the under water vehicle......nobody is going to know which one im talking about but i remember it fondly

  • @matthalbig9805
    @matthalbig9805 3 ปีที่แล้ว

    great video as always

  • @thefirmamentalist9922
    @thefirmamentalist9922 2 ปีที่แล้ว

    @4:13 1994-98... I did not know I grew up in the golden age of Lego! I had a train set, civil war fort and the undersea base. I made all my own lego Starwars ships before they got a license deal, by the time Starwars Lego came out I gave up on LEGO and Starwars. But at 32 now and a father of two my love for Duplo, Lego and Starwars has been rekindled!

  • @miroslavhoudek7085
    @miroslavhoudek7085 3 ปีที่แล้ว +3

    Very educative, one would expect that once LEGO stole the idea from Kiddicraft, it would be just smooth sailing.

  • @kumbaya69421
    @kumbaya69421 3 ปีที่แล้ว +3

    Economics of lego: expensive plastic marketing

  • @johnyrocketch
    @johnyrocketch 3 ปีที่แล้ว +1

    Tho video we have all been waiting for

  • @shadekiller19
    @shadekiller19 3 ปีที่แล้ว +1

    This channel has the smoothest Ad transitions and placement on youtube.

  • @delilas2398
    @delilas2398 2 ปีที่แล้ว +4

    I wish this "premium" brand would print on their god damn pieces instead of including stickers. You'd also think a "premium" brand could make bricks in cohesive colors. The prices are very premium though, I'll give them that.

    • @jackkayak
      @jackkayak 2 ปีที่แล้ว +1

      It’s not economical for them to do that. Similar to creating different molds, it’s harder(& more expensive) to create and individual stamp for a brick (especially if it’s curved or irregular) than it is to create a single stamp sheet. They do tend to print on flat, unproblematic pieces that the process has been proven on, such as 1 x 2 tiles.

  • @interestedyt
    @interestedyt 3 ปีที่แล้ว +8

    Am I the only one that felt like the 915 million combinations is gonna be our Homework for the break, gave me chills )

  • @aidanforcetwo3592
    @aidanforcetwo3592 3 ปีที่แล้ว +2

    Thank you lego for a great childhood

  • @Extremezotako
    @Extremezotako 3 ปีที่แล้ว +1

    Lego is my fav toy and still is today even tho I don't but sets anymore

  • @THEDeathWizard87
    @THEDeathWizard87 3 ปีที่แล้ว +3

    Never thought I’d see bionicle or galidor mentioned in a polymatter video

  • @tkc1129
    @tkc1129 3 ปีที่แล้ว +3

    Interesting viseo. I've always hated the trend Lego had "later on" (for me) to have a huge number of unique pieces per set. To me, it is obvious that not only is it less fun, but also less economically-viable. Glad they figured that out... eventually.

  • @AlejandroSol4rr
    @AlejandroSol4rr 3 ปีที่แล้ว

    I been waiting, but finally it's here.

  • @Kisuke323
    @Kisuke323 3 ปีที่แล้ว

    Your TH-cam thumbnails are awesome, tbh. I really like them. They introduced me to your channel like no other thumbnails ever did. Maybe only album covers are similiar in the perfection of design to your thumbnails.

  • @vanadium0728
    @vanadium0728 3 ปีที่แล้ว +3

    lego: exists
    toddlers: finally, some good fking food

  • @trollichu504
    @trollichu504 3 ปีที่แล้ว +5

    It's amazing how such a simple common toy has such a detailed economic backstory

  • @w0mblemania
    @w0mblemania 3 ปีที่แล้ว +1

    15 years ago, I went to the stores looking for a "bucket of lego" for my nephew.
    I couldn't find one. I could only buy very expensive themed kits, most of which had very few basic blocks. They were all just custom pieces that only fit that particular kit. There was no creation involved, only assembly of existing ideas.
    We stopped buying lego after that.

  • @fastfiddler1625
    @fastfiddler1625 3 ปีที่แล้ว +1

    The level of quality control is insane. I've gone through thousands of lego pieces in my lifetime and I don't think I've ever had a piece that didn't fit perfectly.

    • @SupersuMC
      @SupersuMC 3 ปีที่แล้ว

      I've had a few.

  • @kamil118
    @kamil118 3 ปีที่แล้ว +13

    We had an VHS of Jack Stone back in... Primary school nursery? This shit was hilarious.

  • @ZMCFERON
    @ZMCFERON 3 ปีที่แล้ว +24

    after 22+ years of buying legos, i've never received or found a defective part out of all those pieces.

    • @glyrr
      @glyrr 3 ปีที่แล้ว +3

      I am sorry for you. Those defective bricks could be worth serious money.

    • @cqb1494
      @cqb1494 3 ปีที่แล้ว +5

      That’s exactly why there is litterally a collectors market for misprinted Lego

    • @devof673
      @devof673 3 ปีที่แล้ว +1

      How much would a crushed mini window frame from the palace cinema be?

    • @scottthewaterwarrior
      @scottthewaterwarrior 3 ปีที่แล้ว +1

      I've gotten a lot of defective parts. Those 1x1 cheese slopes are especially bad, I have so many cracked ones.

    • @lopoa126
      @lopoa126 3 ปีที่แล้ว +1

      Certain blue plates are incredibly brittle...I have a container with a bunch of parts that came broken.

  • @lukasbroockmuller1807
    @lukasbroockmuller1807 3 ปีที่แล้ว

    Awesome video as always.

  • @DarthMakroth
    @DarthMakroth 3 ปีที่แล้ว +1

    I can't imagine Lego not being there, it feels so iconic

  • @christopherpreviti8488
    @christopherpreviti8488 3 ปีที่แล้ว +8

    Yeah...Quality, lately they have been having serious issues in that department. Particularly the colors in the most recent sets can be a bit off...

  • @joshkirkfield
    @joshkirkfield 3 ปีที่แล้ว +3

    It's my understanding that the LEGO system was actually created by Ole Kirk Christiansen's son, Godtfried.

  • @jetzeschaafsma1211
    @jetzeschaafsma1211 3 ปีที่แล้ว

    This was way more interesting than I imagined. Thanks.

  • @jamemadison6499
    @jamemadison6499 3 ปีที่แล้ว

    I'm addicted to this awesome content!

  • @remusgraecus9421
    @remusgraecus9421 3 ปีที่แล้ว +4

    Sonst noch jemand hier, nachdem Lego Held der Steine abgemahnt hat?

  • @TheOtherNeutrino
    @TheOtherNeutrino 3 ปีที่แล้ว +8

    Ah yes, LEGO: the analogue Minecraft.
    We had a bunch of LEGO from all sorts of sets and we just used it to make whatever our imagination thinks of.

  • @fakshen1973
    @fakshen1973 3 ปีที่แล้ว

    Being able to fashion Lego into your own toys was the driving factor for me as a kid. A toy car... was a toy car... it couldn't be anything else other than a blunt object to throw at a sibling. Lego allowed me to take the very few toys I had as a kid and turn them into something new. We didn't have much money, so I always wished for Lego as birthday and Christmas gifts. At the time Lego was fiercely positioned as a non-war toy. They wouldn't release any large amounts of bricks that were military colors. They didn't mold any weapon parts EXCEPT for the Medieval castle sets... which were swords, lances, and shields.
    But at the time (late 70's very early 80's) their set designers were looking to make the most out of the meager number of bricks that were available. What was really ace was their art department. The photographs for the sets were always in full color and well decorated. The packaging always included excellent shots of the toys on the packaging, in their catalogs, and anywhere the toy was featured (like their Builder Books). In fact the Builder Books were fantastic pieces of media.
    Finally, they were able to extend the life of the toy with their "Expert Builder" and "Technics" line of toys. As my tastes began to change from toys to models, the Technics line kept me engaged with the brand by adding some real engineering components, gears, motors, etc. It was an Erector Set/Mechano Set on steroids.
    When the brand began pairing up with Hollywood, it lost the magic for me. There were too many specialized pieces to make sets that looked more like a piece of Hollywood intellectual property rather than children using their imaginations to build a facsimile of the object.
    It is what it is. I'm glad that Lego is starting to see the profit in Adult Fans of Lego (AFOL). Lego selling large amounts of generic bricks was unheard of and when they did, they weren't that many bricks and they were just an assortment rather than specific pieces.

  • @joshhart379
    @joshhart379 3 ปีที่แล้ว

    Love these videos

  • @Locacola7
    @Locacola7 3 ปีที่แล้ว +4

    Friendly reminder to check on your Bionicle's when you go home for Christmas everybody!

  • @GoodSoup
    @GoodSoup 3 ปีที่แล้ว +6

    "An average of 80 Lego Bricks per person"
    *Me with like 9 big boxes that each can contain thousands of bricks each: nervous sweating intensifies*

  • @arupdeb45
    @arupdeb45 3 ปีที่แล้ว

    The transition into the ad was smooth!

  • @toamastar
    @toamastar 3 ปีที่แล้ว +2

    I hear Lego, I hear Bionicle, I smile, I like the video :)

  • @duo496
    @duo496 3 ปีที่แล้ว +12

    Pt 2: economics of stepping of one

    • @andrewfelsher7872
      @andrewfelsher7872 3 ปีที่แล้ว

      A video about Emergency Room economics? Sounds good.

    • @ocfos88
      @ocfos88 3 ปีที่แล้ว +1

      Not a problem for the country that created them, since Denmark has universal health care.
      Truly, it's a weapon aimed at the US.

    • @BlackTemplar618
      @BlackTemplar618 3 ปีที่แล้ว

      I failed my Spanish lesson 5 times in a row.

    • @andrewfelsher7872
      @andrewfelsher7872 3 ปีที่แล้ว

      @@BlackTemplar618 ...con
      ...gratulations?

    • @BlackTemplar618
      @BlackTemplar618 3 ปีที่แล้ว

      @@andrewfelsher7872 Duolingo is right there.

  • @pranavlimaye
    @pranavlimaye 3 ปีที่แล้ว +8

    1:38
    "1962"
    "62 year old bricks"
    Hmmm....

  • @audixd1274
    @audixd1274 2 ปีที่แล้ว +1

    I'm 30 years old and I still love Lego..

  • @joytekb
    @joytekb 2 ปีที่แล้ว

    Such a great document .

  • @wunder1385
    @wunder1385 3 ปีที่แล้ว +5

    Lego has had some quality issues lately with bad colors and gears breaking in sets

    • @MrJimheeren
      @MrJimheeren 3 ปีที่แล้ว +1

      I believe that has something to do with them testing new kinds of plastics that use less oil and are even plant based

    • @raifikarj6698
      @raifikarj6698 3 ปีที่แล้ว

      @@MrJimheeren hope if they cannot maintain quality or find the perfect rasio of new Brick in order to appease enviromentalist. They comeback to old recipe

  • @shivpatel7506
    @shivpatel7506 3 ปีที่แล้ว +6

    We all know that LEGO’s economy is based on how fast my LEGO military helicopter can fly!
    Right?

  • @markynio
    @markynio 3 ปีที่แล้ว

    That smooth Lego -> SkillShare transition hit me directly in my attention.

  • @thomassnaza7903
    @thomassnaza7903 3 ปีที่แล้ว +1

    I remember when I was younger, my parents wouldn't let me touch the presents under the Christmas tree because of how obvious Lego sets were with the shuffling they made when you moved them.

  • @MeisterYodarkus
    @MeisterYodarkus 3 ปีที่แล้ว +11

    8:50 "What no one can say is that LEGO hasn’t stayed focused on quality"
    That is just not true at all. The quality has really declined in the last couple of years. They have big problems with the quality control of the colours. Just look at the Fiat 500.

    • @anticlockwisepropeller7379
      @anticlockwisepropeller7379 3 ปีที่แล้ว +6

      I think it really depends on which factory the bricks are produced in. The bricks from Europe are still the same high quality they always have been, but as LEGO have opened up more factories around the world, maintaining the same level of quality control across all of them has become a challenge, to put it kindly.

    • @augustsiverskog2458
      @augustsiverskog2458 3 ปีที่แล้ว

      ?

    • @dylan9382
      @dylan9382 3 ปีที่แล้ว

      I disagree

  • @Raittarian
    @Raittarian 3 ปีที่แล้ว +3

    Yo yo, Piraka

  • @bolt5564
    @bolt5564 2 ปีที่แล้ว +1

    The car company Renault used Legos to develop one of their transmissions that they use in their cars today.

  • @danculea7865
    @danculea7865 3 ปีที่แล้ว

    As a kid I had a big box (about 70 x 70 x 150 cm) filled with LEGO-like bricks with they only difference that they were much larger in size. If I remember correctly they had only 3 types of pieces: 2x2 pin squares, 2x4 pin rectangles and 2x6 pin rectangles. The advantage was that I could build a lot of stuff, take it apart and build something new extremely fast. The disadvantage was that these things were only as good as your imagination as there were no humanoid figurines, no building suggestions and no online communities to get inspiration from.
    I hadn't played with LEGO until I was already studying at university.