Move over Pandora, Spotify and Tidal. Apple is ready to challenge you for a slice of the streaming music pie. Apple made the announcement yesterday at WWDC, reported The Verge. It will launch Apple Music on June 30 in 100 countries, first on Apple devices and on Android and Apple TV later this fall. The service will cost $9.99 a month for one person, or $14.99 for a family plan of up to six people.…
A year and a half after launch, KidPass, a monthly kids' activity membership program based in New York City, announced they raised $5.1 million in Series A funding led by Javelin Venture Partners. New and existing investors including CoVenture, Y Combinator, TIA Ventures, Bionic Fund, Cocoon Ignite Ventures and FJ Labs also participated in the latest funding round. KidPass said that Jed Katz, managing director at Javelin, and Rachel Jarrett, president of Zola, would join the board of directors.
Last week Stitch Fix, a try-it-before-you-buy-it women's apparel subscription box service, filed for an initial public offering of up to $100 million. If approved by the Securities and Exchange Commission, Stitch Fix would be listed on the NASDAQ Global Select Market under the symbol SFIX. Stitch Fix was founded in 2011 by CEO Katrina Lake to revolutionize how women shop for clothes and accessories. Using a combination of data and human judgment, stylists hand-select apparel, shoes and accessories for Stitch Fix customers based on their personal profiles.
In this weeks Five on Friday, well share PageFairs 2017 adblocking report, MarketingProfs top tips for creating successful lead generation landing pages, legal ways to use customer testimonials, how to keep the trust of your customers, and last but not least, Digiday explains how Brexits unexpected election news has helped The Spectator triple its daily subscriber sales.
Last week, movie ticket subscription service Sinemia filed for Chapter 7 bankruptcy protection in Delaware, reports Business Insider. Among Sinemias challenges are two class-action lawsuits and a lawsuit by MoviePass for patent infringement. One of the class action suits (Paul Early and Jonathan Gollner v. Sinemia filed November 9, 2018 in the U.S. District Court for the District of Delaware), the plaintiffs allege that Sinemia used a bait-and-switch scheme to lure consumers with a monthly or annual subscription, then added on undisclosed and unexpected fees each time a subscriber sees a movie using Sinemia.
Just like Levi Strauss proved during the California gold rush, the real money isn't necessarily in a popular commodity, but rather in selling the tools to mine that popular commodity. During the gold rush, that was picks, shovels and blue jeans. For online subscription sites, it's payment processing and financial systems for recurring billing. Billing services are somewhat late to the subscription services party. (In fact, major banks such as Citizens Bank wouldn't give merchant accounts…
We are pleased to announce that Subscription Content and our sister publication, Subscription Site Insider have been acquired. Here is the full text of today's announcement: Authority Media Network, LLC Acquires Subscription Site Insider from InfoCommerce Group, Inc. Information Industry Veteran, Kathy Greenler Sexton, Named CEO & Publisher Boston, MA --October 1, 2014: Authority Media Network, LLC, a newly formed media company focused on building a network of trusted business-to-business information and training resources, announced today that it…
After Andrew Warner sold his start-up in his twenties for millions, he found that he enjoyed educating other budding entrepreneurs about how to succeed. After a failed attempt to start an events business, Warner turned to video interviews and e-courses, and quickly discovered that subscriptions were the best business model for his new site, Mixergy.com.
New York Times hits milestone with 7 million subscribers. Also digital-only subscription revenue exceeds print revenue for the first time.
In this week's subscription news, Apple Music boasts more than 50 million subscribers, Netflix says it is spending 85 percent of its budget on original content, and Snapchat rolls out unskippable, six-second ads. Also this week, YouTube TV tests voice control and incognito mode, Luminary Media raises $40 million in funding, and The Economist launches a new subscription app for readers.