Cornerstone OnDemand (NASDAQ: CSOD), a cloud-based learning and human capital management software company, announced that its new subscription product, Cornerstone Content Anytime, will be available to all Cornerstone OnDemand clients in the U.S., Europe, the Middle East and Africa, collectively known as EMEA later this month. In addition, the company has added some new partnerships with content providers to help global companies that need training and education in English, French, German and Spanish.
If you believe the adage "there is no such thing as bad publicity," YouTube is in luck. It is has had a busy few weeks with both positive and negative news reports. Among the news stories are CBS signing on to join 'Unplugged,' YouTube's pending over-the-top TV service; YouTube's supposed payout of $1 billion to the music industry; and big decreases in video views for some of YouTube's top content creators.
Global ecommerce platform Shopify saw record revenue growth of 97% during the second quarter of 2020 due to the coronavirus pandemic.
Are you familiar with the recent bill, the Unsubscribe Act of 2017? You should be. This bill focuses on negative option contracts offered on the internet and includes a number of potentially problematic requirements. There is also a host of state legislative initiatives also focused on negative option or auto-renew that can and will impact your subscription or membership business if you are not careful. Lisa B. Dubrow, Esq., Subscription Insider Guide to Regulation and Compliance, explains this flurry of legislative activity around negative option plans.
The first day of spring was a bright one for Chargebee, a SaaS-based subscription management and recurring billing solution provider, who announced they had raised $18 million in Series C funding. Led by Insight Venture Partners, the funding round also included investments from past investors Accel Partners and Tiger Global Management. Total funding raised to date is now $24.7 million. The new capital will be used for product R&D, sales, marketing and aggressive expansion into newer markets and segments.
Last week, McClatchy (NYSE: MNI) reported growth in digital-only subscribers for the 11th consecutive quarter. The 162-year-old company now has 155,000 digital-only subscribers, a 51.1 percent increase year-over-year. The company also saw a 10.1 percent increase in digital-only advertising revenue compared to Q4 2017, but the news wasn't all good. Perhaps the most significant item to come out of the company's fourth quarter financial report was a fourth quarter net loss of $27.5 million, or $3.52 per share. In Q4 2017, the company had net income of $61.1 million, or $7.91 per share.
For this week's Subscription Site Insider Case Study we interviewed David Foster, CEO of Business Valuation Resources, for a in-depth look at how the company has tripled revenues by diversifying its product mix and target audiences. One of the secrets of BVR's growth strategy: Licensing other people's content. Foster explained that licensed content now accounts for 35% of annual revenues. Although he was initially wary of content licensing, he's come to see the practice as a low-cost, low-risk way to…
One key dynamic of the data business is that the strongest businesses serve single, tightly-defined markets, typically a single vertical market. The problem for data publishers attempting to build products with horizontal coverage across multiple markets, or who want to play in large consumer markets, comes down to a very simple reality: its hard to be everything to everybody. Russell Perkins, Subscription Insider Guide to Data Publishing Strategy and Managing Director of InfoCommerce Group, explains.
In this weeks subscription headlines, rumor has it that Microsoft is working on Xbox Game Pass Ultimate that will merge its subscription gaming services, Rent the Runway adds childrens clothing to its monthly subscriptions, and Financial Times hits 1 million paying readers. Also this week, Discovery launches new non-fiction video streaming, MoviePass faces competition, and Facebook considers paying publishers for their news content.
CreditRiskMonitor, an information service for corporate credit professionals, just reported a 9% year-over-year increase in online subscription revenues, when comparing 3rd quarter 2011 to 2010. Interestingly, this increase was *despite* a major shift in their marketplace which would normally lead to decreased revenues.It seems that during the depths of the recession in 2008-2009, the company's information service was most often an "impulse buy" for credit pros who desperately needed to figure out credit-worthiness in a shifting…