Apple Reduces App Store Commission to 15% for Small Businesses
Apple announced that the company is reducing its App Store commission from 30% to 15% for small businesses earning less than $1M per year.
Amazon Opens Amazon Pharmacy for Home Delivery of Prescriptions
Ecommerce giant Amazon announced the launch of Amazon Pharmacy for home delivery of prescriptions as well as a prescription savings program.
Five on Friday: Podcasts, Publishers and Monetization
Zoom will remove time limits on Thanksgiving, TikTok gets a temporary reprieve, and Squarespace adds new monetization options.
Skift Adopts Subscription First Strategy
Skift, a business intelligence company for the travel industry, adopts a subscription-first strategy to get it through the pandemic and beyond.
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AMC Theatres’ Q3 Revenue Down 91% Due to Pandemic
AMC Theatres reported total revenue of $119.5M in the third quarter of 2020, a 91% decrease, due primarily to COVID-related theatre closures.
Disney Raises Price of Hulu + Live TV by $10 a Month
Disney-owned Hulu is raising rates for their Hulu + Live TV package by $10 a month bringing the cost to $64.99, an 18% increase.
Disney Reports 23% Revenue Drop in Q4 FY2020
In Disney's Q4 FY20 financials, direct-to-consumer streaming video subscription service Disney+ was the bright spot with 73.7M paid subscribers.
ESPN to Lay Off 300 as Disney Focuses on Direct-to-Consumer Streaming Video
ESPN is laying off 300 people, or 6% of workforce, as parent Disney focuses on its direct-to-consumer streaming video subscription services.
Five on Friday: WiFi Subscriptions, Credit Scores and Restructuring
Planet Fitness announces a digital-only subscription, Epic Games considers subscriptions, and Experian to include subscription payments in credit scores.
Spotify to Buy Podcast Hosting Company Megaphone for $235 Million
Spotify is acquiring podcast hosting company Megaphone for $235 million to better serve podcast advertisers and publishers.
