The Economics of LEGO

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  • Опубліковано 25 гру 2024

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  • @WaywardEnding
    @WaywardEnding 4 роки тому +4292

    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 4 роки тому +253

      Lego: crack is cheaper

    • @speedy01247
      @speedy01247 4 роки тому +85

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

    • @mahdihajdahmen5793
      @mahdihajdahmen5793 4 роки тому +56

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

    • @business_central
      @business_central 4 роки тому +26

      I double checked. This quote is 100% accurate.

    • @erikrungemadsen2081
      @erikrungemadsen2081 4 роки тому +36

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

  • @Zeffary20
    @Zeffary20 4 роки тому +556

    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!

    • @TheDragonfriday
      @TheDragonfriday 3 роки тому +7

      They treated bionicle horrible

    • @jimpanrooney
      @jimpanrooney 3 роки тому +8

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

    • @jacksauce
      @jacksauce 3 роки тому +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 роки тому

      @@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.

    • @TheDragonfriday
      @TheDragonfriday 3 роки тому +2

      @@jacksauce I never like the bricks lego but bionicle is different. Allowed me to make either humanoid shape or whatever my imagination takes me. I'm just not interested in blocks, that is why I have minecraft for haha

  • @Marco_Onyxheart
    @Marco_Onyxheart 4 роки тому +2032

    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 4 роки тому +172

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

    • @anartapoashan5714
      @anartapoashan5714 4 роки тому +63

      Mindstorms!

    • @GyroCannon
      @GyroCannon 4 роки тому +69

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

    • @erikrungemadsen2081
      @erikrungemadsen2081 4 роки тому +70

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

    • @uwu_senpai
      @uwu_senpai 4 роки тому +54

      @@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.

  • @79ompatil26
    @79ompatil26 4 роки тому +480

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

    • @elliotw4606
      @elliotw4606 4 роки тому +18

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

    • @joshuabrown7815
      @joshuabrown7815 3 роки тому +5

      LEGO city is crippled by debt

  • @liam-man7265
    @liam-man7265 4 роки тому +1409

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

  • @GeorgeMartinus
    @GeorgeMartinus 4 роки тому +401

    Toddlers: "Food"
    Grown ups: "Landmines"

  • @rj5848
    @rj5848 4 роки тому +4791

    You mean economy of Denmark

    • @liam-man7265
      @liam-man7265 4 роки тому +165

      You mean the economy of Bricksburg.

    • @AxxLAfriku
      @AxxLAfriku 4 роки тому +12

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

    • @Tartar
      @Tartar 4 роки тому +91

      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 4 роки тому +19

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

    • @ananthkutuva3748
      @ananthkutuva3748 4 роки тому +68

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

  • @noahi.1381
    @noahi.1381 4 роки тому +678

    “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 4 роки тому +18

      Me with my 1969 part lego saturn V

    • @gameseeker6307
      @gameseeker6307 4 роки тому +14

      Gotta flex that cash
      With legos

    • @ЙунгСангРа
      @ЙунгСангРа 4 роки тому +3

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

    • @gameseeker6307
      @gameseeker6307 4 роки тому +1

      @@ЙунгСангРа good question

    • @ThaBoss3006
      @ThaBoss3006 4 роки тому

      Rightio trump, no need to lie

  • @siddhayak
    @siddhayak 4 роки тому +1592

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

    • @grahamturner2640
      @grahamturner2640 4 роки тому +1

      🤣

    • @jaymeVos
      @jaymeVos 4 роки тому

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

    • @imrannajmi12
      @imrannajmi12 4 роки тому +13

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

    • @budakbaongsiah
      @budakbaongsiah 4 роки тому +1

      @@imrannajmi12
      Lego Restaurant, though.

    • @hrijulchauhan4701
      @hrijulchauhan4701 4 роки тому +1

      LMFAO SIDDHAYAK HI HELLO

  • @THEREALVITO
    @THEREALVITO 4 роки тому +333

    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 4 роки тому +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 UA-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 4 роки тому +29

      @@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 4 роки тому +21

      @@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 4 роки тому +29

      @@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 4 роки тому +16

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

  • @skenzyme81
    @skenzyme81 4 роки тому +721

    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 4 роки тому +24

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

    • @cjjuszczak
      @cjjuszczak 4 роки тому +80

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

    • @roguechlnchllla6564
      @roguechlnchllla6564 4 роки тому +8

      Who design sets for them

    • @lunaurum3515
      @lunaurum3515 4 роки тому +12

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

    • @leandrocasas90
      @leandrocasas90 4 роки тому +2

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

  • @SlayCC
    @SlayCC 4 роки тому +2351

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

    • @IthorBricks
      @IthorBricks 4 роки тому +8

      I wish.

    • @Splinter-ge9pf
      @Splinter-ge9pf 4 роки тому +71

      @@IthorBricks wdym, Lego is sooo expensive dude

    • @STAR7827
      @STAR7827 4 роки тому +3

      @@Splinter-ge9pf what lego is not expensive

    • @Splinter-ge9pf
      @Splinter-ge9pf 4 роки тому +43

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

    • @IthorBricks
      @IthorBricks 4 роки тому +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.

  • @cokezzz8249
    @cokezzz8249 4 роки тому +203

    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 роки тому +4

      That's pretty damn crazy actually

    • @Elenrai
      @Elenrai 3 роки тому +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 3 роки тому +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.

  • @GoodSoup
    @GoodSoup 4 роки тому +221

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

  • @isaacdestura7495
    @isaacdestura7495 4 роки тому +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 4 роки тому +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 4 роки тому +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 4 роки тому +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 4 роки тому +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 роки тому

      @@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)

  • @PGF444
    @PGF444 4 роки тому +357

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

    • @rremo
      @rremo 4 роки тому +26

      hallo bruder

    • @b.b.4879
      @b.b.4879 4 роки тому +17

      75201 hust hust

    • @legendarynoodle2438
      @legendarynoodle2438 4 роки тому +21

      Erstmal disliken und melden wegen Verbreitung von falschen Informationen.

    • @rremo
      @rremo 4 роки тому +9

      @@legendarynoodle2438 was?

    • @Arcaryon
      @Arcaryon 4 роки тому +9

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

  • @KaitiansCountryballs
    @KaitiansCountryballs 4 роки тому +490

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

    • @SophiaAstatine
      @SophiaAstatine 3 роки тому +1

      Just wait for our viking 2: Electric Plunder and loot

  • @gauravpallod4768
    @gauravpallod4768 4 роки тому +73

    "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 4 роки тому +8

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

    • @thomaszinser8714
      @thomaszinser8714 4 роки тому +5

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

    • @gregdabrat
      @gregdabrat 4 роки тому

      Yes

    • @typehere6689
      @typehere6689 4 роки тому +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

    • @GreenLeafUponTheSky
      @GreenLeafUponTheSky 4 роки тому +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.

  • @MonkeyDBuild
    @MonkeyDBuild 4 роки тому +325

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

    • @abhinav5847
      @abhinav5847 4 роки тому +34

      I feel ya.

    • @stunnasaad
      @stunnasaad 4 роки тому +26

      you can find fake legos at the dollar store lmao

    • @nsk370
      @nsk370 4 роки тому +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 4 роки тому +58

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

    • @mahdihajdahmen5793
      @mahdihajdahmen5793 4 роки тому +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!

  • @SolidBrixStudios
    @SolidBrixStudios 4 роки тому +548

    Awesome video!

    • @yg6484
      @yg6484 4 роки тому

      Hey David!

    • @masterwill8973
      @masterwill8973 4 роки тому +2

      Your channel’s great!

    • @johnlemon7817
      @johnlemon7817 4 роки тому +2

      I was hoping to see a LEGO youtuber here

    • @cqb1494
      @cqb1494 4 роки тому +2

      Best Lego youtuber 👍

    • @NowThatsMusiQ
      @NowThatsMusiQ 4 роки тому +1

      You're the one who's awesome

  • @erikeriks
    @erikeriks 4 роки тому +409

    Lego walked so Minecraft could run

    • @GreenBlueWalkthrough
      @GreenBlueWalkthrough 4 роки тому +88

      And now they run together.

    • @jttg
      @jttg 4 роки тому +8

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

    • @GreenBlueWalkthrough
      @GreenBlueWalkthrough 4 роки тому +39

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

    • @samuvisser
      @samuvisser 4 роки тому +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 4 роки тому +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..

  • @_MrMoney
    @_MrMoney 4 роки тому +41

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

  • @Voxelize
    @Voxelize 4 роки тому +49

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

    • @sirexilon49
      @sirexilon49 4 роки тому +7

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

    • @Voxelize
      @Voxelize 4 роки тому

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

    • @sirexilon49
      @sirexilon49 4 роки тому +1

      @@Voxelize something, something lime joints

    • @Voxelize
      @Voxelize 4 роки тому

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

    • @sirexilon49
      @sirexilon49 4 роки тому +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)

  • @hylox
    @hylox 4 роки тому +30

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

  • @thatocelot879
    @thatocelot879 4 роки тому +145

    The economics of "Ow! That hurts!"

  • @acertainredpanda1115
    @acertainredpanda1115 4 роки тому +88

    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 4 роки тому +1

      Hey, please reply to me!

    • @TheDragonfriday
      @TheDragonfriday 3 роки тому +1

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

  • @lausannecommercial
    @lausannecommercial 4 роки тому +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!

  • @danriddick914
    @danriddick914 4 роки тому +161

    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 ;)

    •  4 роки тому +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.

    • @rbbacus
      @rbbacus 4 роки тому +19

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

    • @dragatus
      @dragatus 4 роки тому

      Give it 4 years and it'll be accurate.

    • @joppedegroen6918
      @joppedegroen6918 4 роки тому +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)

  • @metamorphosis_77
    @metamorphosis_77 4 роки тому +29

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

    • @paynepersons6147
      @paynepersons6147 4 роки тому

      It also means "I put together" in Latin.

    • @anthalasdaelith
      @anthalasdaelith 4 роки тому

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

  • @FlyingMozzarella
    @FlyingMozzarella 4 роки тому +29

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

  • @FayeHunter
    @FayeHunter 4 роки тому +82

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

  • @patricko9479
    @patricko9479 4 роки тому +28

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

    • @schadowizationproductions6205
      @schadowizationproductions6205 3 роки тому +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.

  • @glitch3141
    @glitch3141 4 роки тому +25

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

  • @ranwo9270
    @ranwo9270 3 роки тому +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

  • @JohnSmith-kj2od
    @JohnSmith-kj2od 4 роки тому +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

  • @Obi-Wan_Kenobi
    @Obi-Wan_Kenobi 4 роки тому +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.

  • @Bussiness_account
    @Bussiness_account 4 роки тому +14

    I must admit that the thumbnail was pristine.

  • @Obi-Wan_Kenobi
    @Obi-Wan_Kenobi 2 роки тому +2

    This was a really good video but it's missing a key point, the crucial success of Lego's original IPs. As you said, licensed themes like Star Wars, Harry Potter, Marvel etc sell extremely well but they are very much dependent on the release and success of films outside of Lego's control. Also, Lego does not earn 100% of profit from these themes.
    So Lego solved this problem by creating their own original IPs. You mentioned Bionicle saving Lego in the early 2000's and that success was proof that Lego could create their own theme based on their own story and keep it profitable all the time so long as Lego kept pumping out new content.
    Because of this, Lego has produced dozens of successful original themes that keep it profitable and tribute to the companies growth as much if not more than the license themes.
    These include behemoths like Ninjago and Lego Friend which were so successful that they have been part of Lego's portfolio for ever 10 years and are still going strong. Even non-evergreen themes like Chima, Hero Factory, Eco-Force and more were super successful to Lego. Such themes may have only lasted 1-3 years but they were a very profitable 1-3 years and when they ended new original themes were introduced to fill the vacuum.
    This was a great video, but it cannot be ignored how critical these original Lego IPs are to the success of the company. Lego is not just license deals with popular movies, they have an astoundingly vibrant and profitable collection of original themes in their portfolio that are entirely Lego's original ideas. These themes are numerous just as important as the licensed themes in Lego's continued success.

  • @michaelcutler5538
    @michaelcutler5538 4 роки тому +7

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

  • @litboi185
    @litboi185 3 роки тому +79

    In Germany we say: Welt seid mir gegrüßt

    • @alittlebitintellectual7361
      @alittlebitintellectual7361 3 роки тому +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 роки тому +4

      Danke! 😁

  • @debated8358
    @debated8358 4 роки тому +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 4 роки тому +3

      Noice channel!

    • @debated8358
      @debated8358 4 роки тому +3

      @@mrtek8095 thanks!

    • @johnnypham2850
      @johnnypham2850 4 роки тому +1

      IKEA currently has a release of LEGO BOXES

    • @savagenovelist2983
      @savagenovelist2983 4 роки тому

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

    • @debated8358
      @debated8358 4 роки тому

      @@savagenovelist2983 Thanks!

  • @benplutafilms
    @benplutafilms 3 роки тому +2

    Lepin is a bad example because they DO copy things Lego created such as Ninjago. Not just the bricks.

  • @myfolder5388
    @myfolder5388 4 роки тому +19

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

  • @joshuahodge1181
    @joshuahodge1181 4 роки тому +9

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

  • @schoggimah2142
    @schoggimah2142 4 роки тому +7

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

  • @fastfiddler1625
    @fastfiddler1625 4 роки тому +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.

  • @dejanjakobovic9803
    @dejanjakobovic9803 4 роки тому +21

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

  • @BenPotts
    @BenPotts 4 роки тому +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

  • @filipzietek5146
    @filipzietek5146 4 роки тому +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 4 роки тому

      You've got a point.

    • @Nimroc
      @Nimroc 4 роки тому +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.

  • @rj5848
    @rj5848 4 роки тому +94

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

  • @michaelz.7140
    @michaelz.7140 3 роки тому +9

    9:02 laughs in Held der Steine

  • @fakshen1973
    @fakshen1973 4 роки тому

    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.

  • @miroslavhoudek7085
    @miroslavhoudek7085 4 роки тому +3

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

  • @w0mblemania
    @w0mblemania 3 роки тому +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.

  • @cim888
    @cim888 3 роки тому +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 3 роки тому

      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.

  • @kikivoorburg
    @kikivoorburg 4 роки тому +1

    As an avid fan of Lego, I don’t agree that they focus too much on play. This is a perfectly valid criticism of Lego’s standard product ranges, but they have also dedicated to providing sets that adult fans can enjoy. These sets fall under the “creator expert” brand and use far more complex building techniques than any of their other lines.
    Sure, it still doesn’t compare to the insane builds the community can create, but it definitely caters to the adult audience. The crocodile locomotive, Millennium Falcon, and most recently Colosseum are very well designed, and their range of “modular buildings” have been a staple amongst older fans for years now. The lego building system is also intuitive enough that a young child with enough excitement and initiative could quite easily complete one of the “adult” models, so it’s not like any bright minds are being held back either.
    Hence, I can’t really see why anyone would criticise Lego for their choices. Kids are able to enjoy the themed, simpler sets, and keep the company afloat whilst older fans are able to enjoy their more complex models - it’s a win-win.

  • @ZMCFERON
    @ZMCFERON 4 роки тому +24

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

    • @glyrr
      @glyrr 4 роки тому +3

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

    • @cqb1494
      @cqb1494 4 роки тому +5

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

    • @scottthewaterwarrior
      @scottthewaterwarrior 4 роки тому +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 роки тому +1

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

  • @danculea7865
    @danculea7865 4 роки тому

    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.

  • @tkc1129
    @tkc1129 3 роки тому +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.

  • @thefirmamentalist9922
    @thefirmamentalist9922 2 роки тому

    @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!

  • @kumbaya69421
    @kumbaya69421 4 роки тому +3

    Economics of lego: expensive plastic marketing

  • @officerbeenadd
    @officerbeenadd 4 роки тому +2

    Thank you lego for a great childhood

  • @TheOtherNeutrino
    @TheOtherNeutrino 4 роки тому +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.

  • @Shiyulerche
    @Shiyulerche 3 роки тому +1

    I think it is wrong to state that the quality of Lego ist generally above the competition. I'm not so sure if the quality standards of Lego have declined significantly (though many people state that). But for sure Lego's competitors have vastly improved over the years. And I think this achievement should be acknowledged.

  • @interestedyt
    @interestedyt 4 роки тому +8

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

  • @Kisuke323
    @Kisuke323 4 роки тому

    Your UA-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.

  • @delilas2398
    @delilas2398 3 роки тому +5

    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 3 роки тому +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.

  • @bummers
    @bummers 4 роки тому

    The quality and longevity of LEGO bricks can be attested by their ability to send searing pain up grown man's feet on his way to the toilet in the middle of the night even after 30 years.
    Thank you LEGO.

  • @alpacalyps1464
    @alpacalyps1464 4 роки тому +6

    I thought that minifigs had outnumbered humans by now.

  • @audixd1274
    @audixd1274 3 роки тому +1

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

  • @MeisterYodarkus
    @MeisterYodarkus 4 роки тому +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 4 роки тому +7

      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 4 роки тому

      ?

    • @dylan9382
      @dylan9382 4 роки тому

      I disagree

  • @T-MANS-MAN
    @T-MANS-MAN 4 роки тому +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.

  • @vanadium0728
    @vanadium0728 4 роки тому +3

    lego: exists
    toddlers: finally, some good fking food

  • @jfwfreo
    @jfwfreo 4 роки тому

    As a huge LEGO fan who saw what LEGO did in the late 90s and early 00s I think they made a few big mistakes over the years:
    1.Having far too many individual parts. As mentioned in the videos, they allowed designers to go crazy and develop expensive new molds for all sorts of parts, they needed (and IMO still need in some cases) to make sure any new molds (except where needed for a special case like a licensed figure or something) get used in multiple sets to help offset the high cost.
    2.Too many product lines for sale at once which made it hard for any one product line to actually succeed.
    3.Taking licenses for properties that made no sense or aren't/weren't popular enough to make the needed money. Galidor is the most infamous example but they also made mistakes with themes like Price of Persia and The Lone Ranger and even this years Trolls sets (which IMO would still have been a failure even if the movie had come out as originally intended).
    4.Dumbing down many sets and making them too simple with too many large parts. Jack Stone was the perfect example of this but themes like Insectoids and even more staple themes like Trains went down this route. These days they have solved this problem by having 4+ sets that still have larger easier-to-build-with parts but that fit a lot more "in system" with all the other parts (and the 4+ sets still contain traditional figures instead of the ugly crap from Jack Stone). Plus the 4+ sets are just part of the theme rather than pushing out the more detailed sets.
    5.Having too many themes that just didn't fit with the core brick. Galidor. Belville. Scala. Znap. Jack Stone (with its oversized figs and specialty pieces).

  • @Tockrellman
    @Tockrellman 4 роки тому +15

    This video made me want to go buy legos.

    • @nathanaeldufresne9467
      @nathanaeldufresne9467 4 роки тому

      I thought I was the only one

    • @TeraHammer
      @TeraHammer 4 роки тому +1

      oh man, the temptation

    • @007kingifrit
      @007kingifrit 3 роки тому

      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

  • @toamastar
    @toamastar 4 роки тому +2

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

  • @jerryfan8378
    @jerryfan8378 4 роки тому +7

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

  • @shadekiller19
    @shadekiller19 4 роки тому +1

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

  • @jebbo-c1l
    @jebbo-c1l 4 роки тому +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 4 роки тому +3

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

    • @jebbo-c1l
      @jebbo-c1l 4 роки тому

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

    • @business_central
      @business_central 4 роки тому +3

      @@jebbo-c1l Oh it's alright! Just was genuinely curious about it. :D
      Good for you! Wish you more fun to come!

  • @noelio67
    @noelio67 3 роки тому

    I'm 43...... played with and loved Lego as a kid. Have got back into it lately......Star Wars..... love the Lego Games on PS4 and Nintendo Switch

  • @remusgraecus9421
    @remusgraecus9421 3 роки тому +4

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

  • @DarthMakroth
    @DarthMakroth 4 роки тому +1

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

  • @trollichu504
    @trollichu504 4 роки тому +5

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

  • @tommymaxey2665
    @tommymaxey2665 3 роки тому

    Lego Ninjago also helped Lego start to turn things around. Started in 2011 and it was Lego first really successful brick built theme that they owned so they didnt have to pay other company for there IP.

  • @jaumesol3480
    @jaumesol3480 4 роки тому +7

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

    • @007kingifrit
      @007kingifrit 3 роки тому

      i had the coolest lego inca temple set from that time

  • @edvaira6891
    @edvaira6891 4 роки тому

    One very unique fact about LEGO...as a Theme Park entity, they actually have the second largest number of worldwide park locations, only behind Disney’s 12 parks, with their NINTH worldwide park opening in New York next year

  • @billkeithchannel
    @billkeithchannel 4 роки тому

    When I first got into LEGOs in the early 1970's the mini figures had not been engineered yet. I still have the larger heads, hair, and movable arms from the sets that included them. The bodies used regular bricks to construct them.

  • @christopherpreviti8488
    @christopherpreviti8488 4 роки тому +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...

  • @SLcompany_watch
    @SLcompany_watch 4 роки тому +1

    What i always have loved about Lego is you can make anything with it. What you can make is just up to your creativity and your wallet.

  • @THEDeathWizard87
    @THEDeathWizard87 4 роки тому +3

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

  • @johnyrocketch
    @johnyrocketch 4 роки тому +1

    Tho video we have all been waiting for

  • @GoodSoup
    @GoodSoup 4 роки тому +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*

  • @bobd1805
    @bobd1805 Рік тому

    I worked in the Lego molding hall in Enfield CT. We spit out 7 tons of bricks per day from 42 machines. They are made out of ABS plastic which means they will be around for a very long time without deteriorating. An article published in the Hartford Courant noted the bricks must have been invented by an escaped Nazi war criminal after the writer got one of them jammed in her vacuum cleaner. She wasn't far off, Lego being a Danish company.

  • @joshkirkfield
    @joshkirkfield 4 роки тому +3

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

  • @valerkis8280
    @valerkis8280 3 роки тому

    8:54 there was an occasion in my life when I'd personally have doubted this. There was that small 1x1 slip piece in white and i got a few of them in 2014 built in a lego star wars mini set. A few months later they broke in half not like their older cousins which we bought in the early 2000s built in other sets and different themes. I would never say that I started hating Lego I was just a bit confused how could such a good and remembered company use such solutions to save money.

  • @kamil118
    @kamil118 4 роки тому +13

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

  • @Brandonian
    @Brandonian 4 роки тому

    I just built the Lego Star Wars Imperial Star Ship Destroyer. It was $699.99 USD. It was an absolute blast! I will buy more. Legos are therapy man. I have my eyes set on the new Lego Disney Castle and the Millennium Falcon. I was just in the Lego store in Chicago in October. Legos are beautiful.

  • @shivpatel7506
    @shivpatel7506 4 роки тому +6

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

  • @Extremezotako
    @Extremezotako 4 роки тому +1

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

  • @Locacola7
    @Locacola7 4 роки тому +4

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