Author: Dana E. Neuts - Page 236 - Subscription Insider

Etsy Realigns Internal Resources, Announces Staff Cuts of 15 Percent

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, FInance, Industry Announcements, News, Product Development, Revenue and Sales, SaaS and Cloud Services / Dana E. Neuts

Yesterday Etsy, Inc. (NASDAQ: ETSY), an online marketplace for creative entrepreneurs, announced that it is making some big changes, including a sharpened focus on key growth initiatives and realigning its internal resources to maximize value to stakeholders. Under the direction of new CEO Josh Silverman, the company plans to prioritize specific areas including search and discovery, improving the customer experience, driving frequency, maximizing their marketing spending, and providing world-class marketing tools to Etsy sellers.

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Time Inc. Cuts 300 Jobs as Part of Its Restructuring

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, FInance, Industry Announcements, Magazines, Mergers and Acquisitions, News, Product Development, Revenue and Sales / Dana E. Neuts

In a memo to staff last week, Time Inc. (NASDAQ: TIME) announced it would cut 300 jobs through layoffs and buyouts, reports USA Today. The jobs to be eliminated represent about 4 percent of the company’s global workforce. More than half of the jobs to be cut are based in the U.S., and 40 percent will come from employees who accepted voluntary buyouts. Time Inc. owns more than 100 magazine brands including Time magazine, Sports Illustrated, Fortune, Life, Cooking Light, Food & Wine and Golf Magazine.

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Amazon to Acquire Whole Foods Market for $13.7 Billion in Cash

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, FInance, Industry Announcements, Mergers and Acquisitions, News, Product Development, Regulation and Compliance, Revenue and Sales, SaaS and Cloud Services, Subscription Apps / Dana E. Neuts

Last Friday Amazon (NASDAQ: AMZN) got one step closer to its retail dominance over competitor Walmart when it announced that it would acquire Whole Foods Market, Inc. (NASDAQ: WFM) for $42 per share, or approximately $13.7 billion, in an all-cash transaction. Headquartered in Austin, Texas, Whole Foods Market will continue to operate under the Whole Foods brand, and John Mackey will stay on as CEO. This deal has the potential to dramatically increase Amazon’s footprint in the retail grocery industry.

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Bloomberg Relaunches Businessweek with Two-Tiered Membership Model

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, Free Subscription, Industry Announcements, Memberships, News, Product Development, Revenue and Sales, Subscriber Acquisition, Subscription Apps, Subscription Business Marketing / Dana E. Neuts

Last Thursday Bloomberg announced the official relaunch of the 88-year-old Bloomberg Businessweek which includes a host of changes, redesigns, new digital products and, most notably, the shift to a two-tiered membership model. Bloomberg said the relaunch was developed to better meet the needs of its global business and finance audience by reaching out to them through multiple daily, weekly and quarterly touch points and its award-winning journalism from 2,700 journalists and analysts across 120 countries.

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This Week’s Subscription News: Apple, Amazon, Atlassian and ABC

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, Customer Service, Entertainment and Streaming, News, Product Development, Revenue and Sales, SaaS and Cloud Services, Subscription Apps, Subscription Gaming / Dana E. Neuts

In this week’s subscription news, we learn that Facebook may want to help publishers to find subscribers, Atlassian launches a new subscription bundle that includes all of its developer tools, and Apple and Amazon may be ready to play nice, or are they? Also this week, Sony PlayStation 4 Sales are hot, the Netflix/ABC hacker promises more leaks in Hollywood, and Scalable Software doubles its recurring revenue and increases adoption by 80 percent. Here’s what else we’re reading this week.

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Organic Baby Food Startup Yumi Secures $4.1 Million in Seed Funding

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With $4.1 million in seed funding from Brand Foundry, August Capital and NEA and others under its belt, organic baby food startup Yumi launched in California earlier this week, reports Forbes. The company was founded by Angela Sutherland and Evelyn Rusli who want to provide prepared organic baby food to busy parents who want healthier meals for their children. As a new parent, Sutherland compared baby foods and discovered that many – including organic brands – contained high amounts of fructose, and she wasn’t satisfied with the options available.

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Five on Friday: Content Promo, Revenue Recognition and Reducing Churn

Business Operations, Business Services, Business Strategy, Consumer Services, Industry Announcements, Mergers and Acquisitions, News, Product Development, Revenue and Sales, SaaS and Cloud Services, Subscriber Acquisition, Subscriber Only, Subscriber Retention, Subscription Business Marketing / Dana E. Neuts

In this weeks Five on Friday, Kissmetrics shares seven simple but powerful ways to lower SaaS customer churn, Digiday offers a marketer’s guide to the new EU global data protection regulations, CFO tells us more about the revenue recognition “doomsday clock,” which is just six months away, BlogNotions gives us seven ways to improve content promotion, and CEO Marissa Mayer is out as Verizons $4.48 billion acquisition of Yahoo is finalized, but she walks away with a $23 million golden parachute.

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SiriusXM Invests in Pandora, Pandora Sells Ticketfly to Eventbrite

Auto-renew Subscription, Business Operations, Business Services, Business Strategy, Consumer Services, Entertainment and Streaming, FInance, Freemium, Industry Announcements, Mergers and Acquisitions, News, Product Development, Revenue and Sales, Subscriber Acquisition, Subscription Apps / Dana E. Neuts

Last Friday SiriusXM (NASDAQ: SIRI) announced it was making a $480 million “strategic cash investment” in Pandora (NYSE: P), the struggling internet radio station. According to a press release, a subsidiary of SiriusXM would purchase a total of $480 million in newly-issued Series A convertible preferred stock, with $172.5 million to be purchased at signing and the balance at a second closing. This represents a 19 percent stake of currently outstanding common stock and a 16 percent stake on an as-converted basis. The Series A preferred stock can be converted to common stock at $10.50 per share.

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Defendant in Subscription Fraud Lawsuit Sues Former Business Partner

Auto-renew Subscription, Business Operations, Consumer Services, Customer Service, Magazines, News, Payment Processing, Regulation and Compliance, Revenue and Sales / Dana E. Neuts

In May 2016, the Federal Trade Commission (FTC) filed a complaint in U.S. District Court in southern Oregon against dozens of third-party subscription companies who allegedly defrauded consumers of more than 375 publications nationwide by charging inflated renewal rates. Dennis Simpson, now living in San Diego, was named in that lawsuit along with business partner Jeffrey Hoyal and dozens of individuals and companies. Simpson has filed a $5 million lawsuit in Jackson County Civil Court against Hoyal, alleging he embezzled millions from Simpson and another partner, reports the Mail Tribune.

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Last Phase of Canadas Anti-Spam Legislation (CASL) Rolls Out July 1

Auto-renew Subscription, Best Practice and How To, Business Operations, Business Services, Consumer Services, Customer Service, News, Regulation and Compliance, SaaS and Cloud Services, Subscriber Only, Subscription Business Marketing / Dana E. Neuts

In February 2016, Subscription Insider wrote a best practice report on Canadas Anti-Spam legislation (CASL) designed to protect Canadians from electronic spam and to work toward a safer, more secure online marketplace. The majority of that legislation went into effect on July 1, 2014, section 8 of the CASL Act went into effect on January 15, 2017, and the remaining portion – sections 47 to 51 and 55 of the Act – come into force on July 1, 2017. Learn more about the new regulations at Subscription Insider.

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Insight to drive subscription growth

Dana E. Neuts