Before we head into the three-day weekend, we want to take a moment to honor our nations veterans and thank them for serving our country. It is because of them that we remain free. Please thank a veteran this week. Now onto Five on Friday. This week Digital tells us that subscription tools offered by Facebook and Google are improvements for publishers, but they have a long way to go. Also, subscription gaming is heating up, thanks to Google and Microsoft, Forbes shares ways to minimize churn, Fast Company gets a new look, and Dice says that the subscription app model isnt beneficial to developers.
MoviePass parent company Helios & Matheson Analytics Inc. admitted in a Securities and Exchange Commission filing last week that they erroneously reported subscription revenue in their third quarter of 2018, for the period ended September 30, 2018. MoviePass reported $5.9 million in revenue from suspended subscriptions from subscribers who had not yet re-upped, as well as $700,000 in subscription revenue that Costco refunded to subscribers who had terminated their MoviePass movie subscriptions.
In yet another change to its subscription program, MoviePass (NASDAQ: HMNY) has launched surge pricing for popular movies during peak show times, reports Variety. MoviePass says its 'new dynamic pricing system' will take into consideration the demand for certain movies at peak days and times and add a 'small additional fee' based on that demand. Movie ticket surcharges will range in price from $2 to $6 based on demand.
This has been a difficult week in America, no matter which side of the aisle youre on. Setting aside unfortunate tragedies and politics for a few minutes, we bring you five short reads to start your weekend. In this weeks Five on Friday, Julian Hayes II suggests four morning habits that will start your day out right, PYMNTS talks about the growing popularity of subscription boxes, Janet Driscoll Miller shares SEO tips for SaaS companies for Search Engine Land, Tribute Media tells us what four things our websites must do to capture the attention of readers, and Hubspot tells us about the five hottest message apps to use for marketing.
High school sports fans will cheer on PlayOn! Sports new infusion of cash. Just before the holidays, PlayOn announced it has raised $25 million in Series B funding led by venture investment firm BIP Capital. New investors who also participated in the funding round include Jeff Vinik, Teall Capital and Crossover. The Atlanta-based PlayOn will use the capital grow the company by deploying new technology and making additional investments in products and automated marketing infrastructure.
Last week publisher Tronc, formerly Tribune Publishing, (NASDAQ: TRNC) published its first quarter results for the quarter ended March 26, 2017. The company reported a net loss of $3 million, or $(0.08) per fully diluted share, compared to a $6 million net loss, or $(0.22) per fully diluted share, year-over-year. Tronc also reported total revenue of $366 million, down 8.1 percent for the same period last year. Tronc publishes more than 150 titles and estimates its monthly audience at 59 million.
Apple is now valued at $2 trillion, TIME reports strong digital growth in Q2, and ESPN+ raises its price and adds more content.
Time Warner buys a 10 percent stake in Hulu for $583 million, becoming a part owner along with Disney, Comcast NBCUniversal and Fox. The investment will help Hulu to finance and support its new live-streaming TV service set to launch next year. The deal does not, however, give Time Warner at seat at the Hulu board of directors' table.
Last week YouTube canceled PewDiePie's show because of anti-Semitic jokes and Nazi imagery from videos dating back to August 2016, reports Digital Trends. In a January 11th video, PewDiePie paid two Indian men he met through freelance site Fiverr to hold a sign that said "Death to All Jews." The men were initially banned from Fiverr, says Digital Trends. The men later made a video apology, claiming they didn't know what the sign meant, and PewDiePie helped to get them reinstated. PewDiePie has removed several of the videos on YouTube already.
This week's subscription news headlines include online video surges, automation, ad blockers, subscription box marketplaces, big banks, executive metrics that matter and mobile payments along with news from Amazon-owned Audible, Barracuda, Stand's Fair Ad Blocker and News Corp.