Miles Teller Cashes Out on Canned Cocktail Company in $325M Sale — But “I’m Not Retiring From Acting”

$325 MM is for the whole company. He’s a minority shareholder.

I’m sure he enjoys acting though

I would also like him to be out of the public eye for good too

Most people in public eye only wanted to be there. Shaq isn’t on tnt five night a week and all over your tv on other channels because he’s hurting for money. The feel of celebrity is what many people crave. It’s easy to play that game like they hate it after it becomes a long standing norm, but they craved it, they fought for that attention, and now it becomes their reality they’ve achieved and the cool thing to do is act like it’s a burden.

I assume his minority stake was likely 10% so roughly the same as he'd make from 2 movie roles probably

It's wild. I'm drinking one rn.

I went to a 10th anniversary showing of Whiplash with a live 18 piece jazz band performing all the music, conducted by the composer for the movie. Was pretty incredible. Anyways… they had a table giving away from cans of Long Drink and tshirts. My wife and I really liked it. Never seen it anywhere else though, or at least I haven’t noticed it.

Meanwhile Kyle Cooke from Bravo can't make money off lover boy even amidst the biggest scandal since scandoval

It says it was only sold in Finland until Mark Anthony's company acquired it. So it makes sense that the price tag would be that big if it was a company that big.

They are pretty good. Of the canned cocktails, I think Monaco is the best but Long Drink is one of the better ones.

They’re pretty big in my area! I like them, the black one is really strong but good

Me either. I bounce between the UK, NYC and Florida, never heard of it

It’s a brand of seltzer alcohol that I think was brought out from the same company that does white claw. Or at least that’s what I read. So he cashed out on that.

They’re f****** delicious

It's not so much a case of him being influential due to fame and more just the fact that the film work enabled him to have the money to buy into the business, expand it and now cash out. Once you have real money, it's not all that hard to multiply it if you're smart.

He's pretty big in Philly.   But he didn't make 325 million.  He prob had around a 10% stake.  Which equals 32.5 mil.  Then you lose almost 50% in taxes.  He prob made around 18 mil, which would be like his best movie role pay...but thats prob like 1 movie for Tom Cruise.  But he does local interviews a lot, whatever he's doing always reported on here, and hes not too "big" to go and meet people at smaller venues which is perfect way to raise brand awareness and get new customers.  Dude hustles.  

The work itself is still there for all of these people in Hollywood. Once you get to a certain point you have so many things to say yes to but…to your point…why do another bad movie or tv show when you can hop on a podcast 5-6 times a year and take home a similar thing

I’m sure he was a fine actor

The company he held a minority stake in sold for 325million. He does not get all 325.

Love the cranberry.

....Say that again.

Long Drink is surprisingly good.

I’m curious what you watched him in to think that? Recently he was pretty great in Eternity opposite Elizabeth Olsen and I felt that he was good in Top Gun 2 as well. And then of course his performance in Whiplash earlier in his career.

I’m not wealthy but I’ve been in a job that required zero output (thanks acquisition) and I was traveling a lot. Just picking a city, flying out to concerts, bar hopping, living it up. Got boring as shit real quick. Then talking to my friends and constituents hearing about all the advancements they’re making projects they’re working on and I’m just out traveling and partying and getting developmentally left behind. I lasted a year before I had to get back in the fold.