This has not been a good month for streaming video-on-demand subscription services. First, Comic-Con HQ, now Fullscreen. On November 3, we reported that Lionsgate was bailing on the Comic-Con HQ SVOD app, just 18 months in. On Monday, Fullscreen founder and CEO George Strompolos announced he would shut down the subscription service in January. The service launched in April 2016, reported Tubefilter. Their launch date was just a month before Comic-Con HQ’s beta test.
Dana Neuts is Subscription Insider's Senior Staff Writer, covering our daily subscription news as well as member features, case studies, and reports.
Dana is also a writer, editor, marketing professional, speaker and the publisher of iLoveKent.net. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. She is the immediate past president of the Society of Professional Journalists. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!
Media company Tronc, formerly Tribune Publishing, (NASDAQ: TRNC) had some big news to report for its third quarter ended September 24, 2017. In addition to acquiring the New York Daily News, Tronc noted digital-only subscribers of 265,000, a 95 percent increase year-over-year, not including additional subscribers from the acquisition. Tronc also reported total revenue of $353.1 million, a 6.6 percent decrease compared to the same period last year. Despite that drop, Tronc had net income of $2.1 million, or $0.06 per share, compared to a net loss of $10.5 million, or $0.29 per share, for the same period last year.
When you get tired of playing Super Mario Odyssey, Zelda or FIFA 18 on your Nintendo Switch gaming console, you can now ‘switch’ over to Hulu to watch streaming video instead, reports Fortune. Last Thursday Hulu announced the news, becoming the first streaming video app to be made available on the gaming console. Switch owners can download the streaming video app from the eShop for free, but they must subscribe to Hulu to be able to use the service.
In the company’s third quarter financials, CBS (NYSE: CBS.A and CBS.B) reports revenue of $3.17 billion, a 3 percent increase over $3.08 billion for the same period last year. Affiliate and subscription fee revenues were up 52 percent, and included revenue from the Mayweather-McGregor pay-per-view boxing match and streaming subscription services like CBS All Access and its exclusive, new program Star Trek: Discovery which premiered on September 25.
In this week’s subscription news, Ann Taylor becomes the latest retailer to jump on the subscription clothing bandwagon, EZBlocker blocks ads on Spotify, and Netflix terminates House of Cards after allegations of Kevin Spacey are made. Also this week, Apple makes billions, Amazon shuts down Fresh delivery in at least nine states, and Meredith and Direct Wines team up to bring wine lovers a new wine club.
In this week’s Five on Friday, Tech.co shares three tips for launching a SaaS business, Media Post's Oded Napchi says poor ad quality and ad fraud are responsible for the growth of ad blocking, Conversocial explains how bad it is for company's not to respond to customer requests on social media, Fosina Marketing announces a merger, and Meredith experiments with new products and services including a wine club and a membership program.
Pandora’s subscription products, including Pandora Premium, and other changes, such as 250+ new featured playlists, are helping the company grow its subscriber base and revenue. In fact, in its third quarter financial report, Pandora reported that its new Pandora Premium product had crossed the 1 million subscriber milestone, and its total subscribers have grown to 5.19 million, a 29 percent increase year-over-year. In addition, ad RPMs hit an all-time high of $70.27, a 21 percent increase, and daily active users on consumer electronics and automotive platforms are up 36 percent year-over-year.
Last week Seattle-based Tableau Software (NYSE: DATA) reported its third quarter financials for the period ended September 30, 2017. While the company cited strong subscription demand and annual recurring revenue growth for the quarter, it missed analyst expectations for revenue and profit, due to the shift from a licensing model to a subscription model, according to Barron’s. The Q3 results caused Tableau stock to drop from $82.17 per share last Thursday to $70.27, as of 4:40 p.m. Eastern on Tuesday.
In the next five years, CNN plans to generate $1 billion in online revenue, reports the Wall Street Journal. Part of its plan includes digital subscriptions for live events and exclusive content on specific topics such as features on CNN Money and CNN Politics. Using a tiered model, Time Warner-owned CNN will still offer some content for free, but it is trying to leverage exclusive content to compete with other media organizations and publishers. Variety reports that CNN will be experimenting with several business models.
The New York Times Company (NYSE: NYT) credits growth in digital subscriptions, digital advertising, subscription revenue and overall profitability for a solid third quarter. These strong results made it possible for the company to declare diluted earnings per share of $0.20, compared to $0.00 for the same period last year. Total revenue for the third quarter of 2017 was $385.6 million, a 6.1 percent increase over Q3 2016 revenue of $363.5 million. Subscription revenue was $246.6 million, a 13.6 percent increase over subscription revenue of $217.1 million for the same period last year.