Discover how to manage conflict between your sales channels to grow revenue. Learn best practices for managing between sales channels such as online, in-store, or partner sales to avoid lost revenue.
In a memo to staff last week, Time Inc. (NASDAQ: TIME) announced it would cut 300 jobs through layoffs and buyouts, reports USA Today. The jobs to be eliminated represent about 4 percent of the company's global workforce. More than half of the jobs to be cut are based in the U.S., and 40 percent will come from employees who accepted voluntary buyouts. Time Inc. owns more than 100 magazine brands including Time magazine, Sports Illustrated, Fortune, Life, Cooking Light, Food & Wine and Golf Magazine.
What's black and white and 'read' all over? A newspaper! That may be an old joke, but that's still true today, even for newspapers like The New York Times that are more focused on their digital footprint than their print one. In an interesting move, The New York Times is offering same-day digital access to customers who buy a single-copy newspaper. According to Politico, this is a new promotion without a set end date, and the…
On Wednesday, Apple announced it will sweeten the deal for developers and subscription companies by changing its fee structure, reports The Verge. The announcement comes less than a week before Apple's 2016 Worldwide Developers Conference (WWDC) in San Francisco where such news is typically revealed. App developers and subscription companies will still have to pay Apple 30 percent of monthly fees received from subscribers for in-app purchases for the first year, but after that, the fee drops to 15 percent.
In another expansion of the traditional movie theatre business model, AMC Theatres launches AMC Theatres on Demand, a digital movie service for the home. Starting this fall, AMC Stubs members can rent or buy from a selection of about 2,000 digital movies from major studios to watch at home or on the go on mobile devices, connected devices and SmartTV applications. Movies can be rented or purchased through the AMC Theatres mobile app, Roku and Smart TVs at launch, with other services and devices added soon. AMC Theatres is the first theatre chain to offer such a service.
The Thanksgiving holiday weekend was record-breaking for Amazon (NASDAQ: AMZN) with Cyber Monday being the biggest shopping day in company history with more products being ordered globally than on any other day. Over the five-day holiday shopping weekend or "Turkey 5," Thanksgiving through Cyber Monday, customers around the world purchased more than 18 million toys. On Black Friday and Cyber Monday, Amazon customers bought more than 13 million fashion items.
WWE (NYSE: WWE) reported mixed results when it released its second quarter financials on July 25, 2019, for the period ended June 30, 2019. Revenues dropped 5% to $268.9 million, compared to $281.6 million in Q2 2018. Revenue declined in WWEs Media, Live Events and Consumer Products business segments. Operating income was $17.1 million, compared to $21.2 billion for the same period last year. WWEs operating margin dropped from 8% to 6%.
Time Inc. (NYSE: TIME) is the latest publisher to add paid membership programs to its offerings in the hopes of generating additional revenue. On September 27, the company announced the launch of People Perks, a membership program for People magazine readers, for $60 a year or $5.99 a month after a 30-day free trial. Members who pay annually also receive a free welcome kit, and all members receive exclusive discounts on entertainment, style, food, beauty, pets, home and shopping products and access to unique celebrity and red carpet experiences.
The House Judiciary Committee released the findings of its investigation into antitrust behavior of Amazon, Apple, Facebook and Google.
Regal Cinemas is working on an unlimited movie ticket subscription service, says Deadline in an exclusive report. The service is tentatively set to launch at the end of July. Regal Cinemas has not issued a news release on the service, but Deadline revealed relevant details including pricing. The service will offer three pricing tiers: $18, $21 and $24 per month. It is possible that these prices are based on an annual purchase at $216, $252 and $288, respectively. According to Deadline, the movie ticket subscription service is based on parent company Cineworlds unlimited subscription service in the U.K. which has been around for more than a decade.