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Disney announced they would cut 7,000 jobs and cut expenses by $5.5B as part of a companywide strategic restructuring.
Vox Media gets $100M from Penske Media, Twitter Blue only has 180K subscribers, Apple has 935M paid subscriptions.
Last week, Marquee Brands announced that it has acquired a majority stake in America’s Test Kitchen.
Snapchat gains 12M members; Herd & Grace to launch premium steak subscription; ChatGPT testing subscription tier.
In last week’s financials, Meta reported a rough Q4 and full-year 2022 with big declines year-over-year.
Eighteen months after its relaunch, Gawker is being shuttered again. Parent company Bustle Digital Group is also laying off 8% of staff companywide.
Diane Pierson of Innovate on Purpose explains black swans and how subscription businesses can prepare and respond to them.
In its Q4 and full-year 2022 earnings report, Amazon reports a net loss of $2.7B for the year, though the company still experienced revenue gains.
Connected fitness company Peloton is making significant improvements in subscription revenue and other categories.
Lifetime subscriptions are available for Dollar Flight Club, Amdocs launches subscription marketplace, Dotdash Meredith to lay off 7% of staff.
