Revenue and Sales
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Nestlé is acquiring meal subscription service Freshly for $950 M with the potential for an additional payout of $550 M based on growth.
Streaming video subscription service Netflix is raising prices $1 to $2 per month for U.S. subscribers, just weeks after halting free trials.
Last week, Amazon posted its third quarter financial results, including net sales of $96.1 billion, a 37% increase year-over-year.
Salt Lake Trib to move to weekly print paper, GoCardless partners with Brompton’s bike service for payments, ESPN puts more content behind paywall.
E-bike subscription service DANCE announced that it had raised $17.8 million in series A funding less than three months after its launch.
The FCC officially repeals net neutrality, YouTube launches “Shorts,” a rival to TikTok, and Netflix is testing an audio-only mode.
In its Q1 FY21 earnings release, Microsoft reported total revenue of $37.2B, a 12% increase and net income of $15.9B, a 25% increase.
Just four months after its launch, HBO Max has attracted 8.6 million U.S. subscribers, ahead of WarnerMedia’s goal for the SVOD service.
After reporting its third quarter results, streaming audio subscription service Sirius XM increases its guidance for the full year 2020.
Apple gives new iPhone buyers free subscriptions, hotels use subscriptions to lure back guests, and Morning Brew wants Business Insider to buy it.
