Investor’s Business Daily Reduces Print Schedule, Shifts Focus to Digital

Effective May 2, Investor's Business Daily (IBD) will reduce its print schedule from five issues a week to just one. According to the March 3 announcement, the new and improved weekly edition will include "innovative and enhanced features to help investors prepare for the week ahead, while leveraging influential and powerful features like the IBD 50 and The Big Picture." This reduction will allow IBD to shift its resources from its print operation to the digital…

Uber Tests Subscription-Based Uber Plus in Six U.S. Cities

Uber is testing a new subscription-based service, Uber Plus, in six U.S. cities including Boston, San Diego, Miami, San Francisco, Seattle and Washington, D.C. The new service allows frequent riders to lock in flat rates in blocks of 20 or 40, depending on the city. Some restrictions apply, of course, and pricing varies by city. Why a subscription service? Customer loyalty and recurring revenue.

SiriusXM Hits Record-High 34.9 Million Subscribers in 2019

The numbers arent all in yet, but SiriusXMs preliminary results show the company did exceptionally well in 2019. In fact, their total subscriber base has reached a record-high 34.9 million, including the addition of 1.063 million net self-pay subscribers. This brings the total number of SiriusXM self-pay subscribers to 30 million, exceeding the companys initial guidance for subscribers. The company also expects to exceed its full year 2019 guidance for revenue, adjusted EBITDA and free cash flow. It will report its complete fourth quarter and full-year 2019 financial results on February 4, 2020.

SoundCloud One Step Closer to Subscription Service with Sony Deal

Rumors have been flying about SoundCloud's forthcoming subscription service since last summer, but a new deal with Sony Music Entertainment has cinched it. This latest agreement gives SoundCloud deals with all three major labels - Sony, Universal and Warner. According to Billboard, SoundCloud previously had an agreement with Sony, but in May 2015, Sony pulled music from SoundCloud pages because there was no way to monetize the content.

Disney Blames Technical Difficulties on Consumer Demand for Disney Plus

After much anticipation, Disney launched its own streaming service - Disney+ - on Tuesday, but the service was plagued with technical difficulties on its first day, reports Recode. Frustrated subscribers turned to social media (#DisneyPlusFail) to air their concerns with unable to connect messages, slower-than-anticipated speeds and other problems. Some subscribers were understanding, as big technology launches almost always have some bugs, while others felt like Disney should have anticipated the problem.

Salesforce Agrees to Buy MuleSoft for $6.5 Billion

In merger and acquisition news, last week Salesforce (NYSE: CRM), a cloud-based CRM provider, agreed to acquire MuleSoft (NYSE: MULE) for $6.5 billion. MuleSoft provides platforms for building application networks that connect enterprise apps, data and devices, both in the cloud and on site. The company has more than 1,200 customers including Coca-Cola, Audi, AT&T, Unilever, Netflix, Intuit, Amtrak and Anheuser Busch. MuleSoft will be used to power Salesforce's new Integration Cloud to offer and improve personalized, customer experiences.

Cisco to Acquire BroadSoft for $1.9 Billion

Cisco is having a good week. On Monday, Cisco (NASDAQ: CSCO) announced its intention to acquire BroadSoft (NASDAQ: BSFT), a cloud-based communications and collaboration solutions provider, for approximately $1.9 billion. Though the acquisition must jump through regulatory hoops first, both companies' boards have approved the sale, which is expected to close in the first quarter of 2018. Until then, the companies will operate separately. This announcement comes just four days after Cisco announced its intent to purchase Perspica, Cisco's 200th acquisition, making the BroadSoft acquisition number 201.

Pandora Gets Advertisers to Pay for ‘Trial Offer’ for Potential Subscribers

Pandora, the popular internet radio platform, is testing out an aggressive new ad model to boost revenue and improve conversion. Under the new model, registered users can listen to Pandora for an hour ad free after clicking on a Sponsored Listing, which is essentially an on-air commercial. Partnering with Fox and Sony PlayStation as sponsors, Pandora has rolled out a beta version of this new ad model to 20% of Pandora's non-paying listeners (about 14.6 million…

Thomson Reuters Reports Revenue Dip, Some Subscription Growth in Q2

Thomson Reuters has reported its second quarter results for 2016 which include an overall revenue dip of 1 percent, and 4 percent revenue growth in subscriptions in the Legal category. Despite volatile foreign currency markets and an ever-changing media marketplace, Thomson Reuters is holding its own, remaining relatively flat and reaffirming its position for the remainder of the year.

Netflix Revenue Grows 26 Percent But Membership Adds Miss Forecast

Netflixs second quarter financials for 2019 offered mixed results. In a letter to shareholders yesterday, Netflix revealed quarterly revenue of $4.9 billion, representing growth of 26% year-over-year. In the not-so-great-news category, Netflix only added 2.7 million new members during the quarter, compared to the 5.0 million new members forecast and the 5.5 million new members added in the second quarter of 2018.

What's New