In this week’s subscription news, Digital First Media lays off 107 at its service center, FabFitFun surpasses $200 million in revenue and hits the 1-million-subscriber milestone, and Ubers tries to compete with Lyft with its own subscription service. Also this week, CNBC reports that ESPN+ will cost Disney big bucks this year as part of a long-term strategy, AMC Networks beat Wall Street estimates, and IBM agrees to buy Red Hat.
FabFitFun Surpasses $200 Million in Revenue as it Hits Million-Subscriber Milestone
TechCrunch
ESPN+ Will Cost Disney Several Hundred Million Dollars This Year in Strategic Bet
CNBC
Digital First Media Lays off 107 at Service Center, Shifts to Outsourcing Contractor
Media Post
Investors See Trouble Through Spotify’s Profitability Blip
Quartz
Uber Offers up Ride Pass Monthly Subscription Service for Flat Rates on Rides
USA Today
AMC Networks Beat Wall Street Estimates for Q3 Earnings and Revenue
Deadline Hollywood
Adblock Plus Update Reduces Memory Usage by 50 Percent
Venture Beat
IBM’s $34 Billion Deal for Red Hat is a Calculated Swing for the Fences
TheStreet