Cyber Monday 2019 yielded record sales of $9.4 billion, a 19% increase over 2018, says Forbes. Amazon did its fair share of sales, making Cyber Monday 2019 the single biggest shopping day in company history. Though the company didnt share specific sales totals, they noted that customers worldwide purchased hundreds of millions of products between Thanksgiving Day and Cyber Monday. Among the top purchased items were Amazon devices, including the Echo Dot, Fire TV Stick 4K with Alexa voice remote, Kindle devices and Fire tablets, also breaking company records.
Amazon is not content to have higher-than-average sales from Black Friday through Cyber Monday. It wants to cash in on the eagerness of holiday shoppers by offering thousands of deals. Starting this Friday, November 22, Amazons Black Friday deals week begins with more deals of the day and bigger discounts on including everything from kids toys and electronics to fashion and kitchen products. The deals will continue through Black Friday, November 29.
This has been an amazing week as we held our first three-day Subscription Show. That didnt stop the subscription news world though. Here are some of the latest subscription headlines: Sprout Social files to go public, Apple hinted at a subscription-based iPhone, and Zuoras stock is lacking. Also in the news, EA games are returning to stream, NBC might offer Peacock free, and Netflix is getting into the podcasting business.
Amazon isnt the only subscription company hoping to reach a new generation of potential customers. Spotify just launched Spotify Kids, a standalone premium app designed specifically for kids ages 3 and older and their families. The new app includes a family-friendly curated group of playlists with music and stories from favorite TV shows, movies and plays - think Disney, Nickelodeon, Discovery Kids, Universal Pictures and BookBeat.
Satellite radio company SiriusXM saw serious revenue growth in the third quarter with total revenue of $2.0 billion, a 37% increase year-over-year. The revenue boost was driven by the acquisition of Pandora in February of this year for $3.5 billion. The company reported net income of $246 million, down from $343 million during the same period last year. Net income per diluted common share was $0.05 for the third quarter of 2019, compared to $0.07 for the third quarter of 2018. SiriusXM attributed the net income decrease to refinancing expenses.
Happy first of November! It is hard to believe the year is almost over. Where did it go? As the year draws to a close, subscription companies are making deals, tough decisions and launching new products. This week, an exclusive Reuters report says Alphabet is trying to buy Fitbit, Sony may be selling off PlayStation Vue, and The Financial Times is launching subscriber-only podcasts. Also this week, Amazon rolls out a new, ad-supported News video app, AT&T is offering free HBO Max, and Citrix is facing challenges as it shifts to a subscription-based licensing model.
CNN to Create Digital News Subscription Service CNN is stepping into the subscription game by adding another app to their portfolio. The AT&T-backed company currently has CNNgo, which allows you to log in through your cable provider to access the 24-hour cable news network on the go. Their stories are also available on voice-controlled devices, Samsung and Apple devices. Their newest venture? Adding a subscription news platform to allow users access to CNN stories at their
In its third quarter financials, streaming audio service Spotify reports growth in monthly active users (MAUs), subscribers, gross margin and operating profit. For the eighth quarter in a row, the company had positive free cash flow, for the period ended September 30, 2019. In addition, Spotify said that podcasts are increasing overall engagement and it has significantly increased conversion of free users to paid users.
In this weeks subscription news, The Athletic submits podcasts to Apple and Spotify, Visa and Mastercard say no to Facebooks Libra digital currency project, and Crain Communications ends its print magazine. Also this week, Harry Potter fans can spend $75 a year on a new subscription service, former Denver City Council candidates launch a newspaper, and the Washington Posts TV app is not about watching - its about reading.
In this weeks subscription headlines, weve got everything from operational failures to technology wins for publishers. Here are few of the weeks highlights: Rent the Runway stopped accepting new subscribers because of warehouse issues and delayed orders, YouTube Music replaces Google Play Music on Android devices, and GateHouse and Gannett passed a key regulatory hurdle. Also this week, Uber is adding more services, AT&T vows to hang onto DirecTV despite subscriber losses, and Rachael Ray Everyday is going to a quarterly, newsstand-only magazine.