Yesterday Scribd announced it is adding new premium content for subscribers, including free access to music, movies, documentaries, comics and more.
Textbook Publishers McGraw-Hill and Cengage Call Off Merger After Failing to Overcome Regulatory Hurdles
A year after embarking on a merger, textbook publishers McGraw-Hill and Cengage have called off the deal because they couldn't overcome regulatory hurdles.
Earlier this week, The New York Times Company announced it will acquire Audm, a subscription-based app that turns long-form journalism into professionally...
As the coronavirus pandemic continues, more subscription companies are hopping on the bandwagon to make working from home and social distancing a bit easier....
Phishing scams, new focuses and fury dominate the subscription headlines this week: phishing hackers are targeting PayPal accounts, Politico has a new FDA-focused subscription that will cost as much as $75,000 a year, and angry HP customers take to Twitter to rant about HP demanding people sign up for monthly ink subscriptions. Also, Apple is looking at acquiring MGM, BBC will be making cuts as it shifts its focus to digital news, and Penguin Random House pulls certain titles from their unlimited-reading subscription service.
Tracks, tiers and textbooks top the subscription news headlines this week. Cengage launches a $69.99-per-semester subscription tier for students who cant afford or dont need Cengage Unlimited; SoundCloud, now boasting more than 200 million tracks, hits revenue over $200 million; and The Daily Telegraph ditches circulation audits to focus on subscribers first. Also this week, Chase offers DoorDashs DashPass as an incentive to credit card customers, Noom quadruples revenue (again), and Luminary drops its price to lure more content and subscribers.
We are just 10 days into the New Year, and the international headlines are grabbing everyone's attention. Check out today's Five on Friday for a pleasant distraction. In this week's edition, the Boardroom Salon for Men has made unlimited haircuts possible with a barber shop membership in select markets; Zuora discusses its thoughts on how subscriptions might be the future of banking; Apple's App Store made more than $50 billion last year, but can it keep up the pace; Forbes thinks the 2020s are finally the right time for ebooks; and LinkedIn shares top subscription jobs.
Scribd has much to be thankful for this Thanksgiving. The 12-year-old eBook company announced on Monday it has raised $58 million in equity financing in a funding round led by Spectrum Equity. Scribd will use the investment to further its growth and product innovation, enhance operations and support the companys mission to change how the world reads. Were excited to partner with Spectrum Equity, a firm with deep expertise in high growth subscription businesses..."
London-based Perlego, a textbook subscription service serving 28 countries in the European Union, has raised $9 million (7 million) in Series A funding. Charlie Songhurst, Dedicated VC and Thomas Leysen participated in the funding round, along with existing investors ADV, Simon Franks and Alex Chesterman. To date, the three-year-old textbook provider has raised about $15 million, reports EdSurge. The company says it will use the new capital to expand into new European markets and improve its non-English content.
Amazon is trying to appeal to kids and families with the release of new built-for-kids Kindle Kids Edition and Fire HD 10 Kids Edition tablets. Along with these new products, Amazon is expanding its Amazon FreeTime app and FreeTime Unlimited subscriptions. The new Kindle Kids edition is a tablet designed just for kids, including a long-lasting battery, a two-year guarantee, access to over 1,000 eBooks with FreeTime Unlimited and a kid-friendly case for $109.99.