Five on Friday: Purchases, Podcasts and Permanent Shut Downs
A judge shuts down Locast, YouTube tries podcasting, and Zoom reveals new features at Zoomtopia 2021.
Substack Acquires Subscription-Based Social App Cocoon
Substack is acquiring Cocoon, a subscription-based social app. Cocoon will remain independent.
Disney Reports Nearly 174 Million Subscribers in D2C Streaming Services
Disney's direct-to-consumer streaming subscriber services have grown to nearly 174 million subscribers worldwide.
Netflix Plans to Add Video Games Next Year
Netflix plans to add video games to its streaming platform in 2022, helping the company expand reach and diversify revenue.
What’s the Next Chapter in the Story of D2C?
D2C has taken on a complete life and infrastructure of its own. It’s not just the “mom and pop” stores that are selling directly to consumers, like in the early eBay days. Now, even the biggest brands with global retail distribution networks are trying out the direct-to-consumer route.
HBO Max Announces June Launch of Ad-Supported Tier
In the first week of June, HBO Max will launch its ad-supported tier at $9.99 a month, a 33% savings over the ad-free tier.
AT&T to Spin Off WarnerMedia and Merge with Discovery in $43B Deal
In a $43 billion dollar deal, AT&T will spin off WarnerMedia and merge with Discovery to create a standalone global entertainment company.
Member Alert: FTC “Digital Dark Patterns” Workshop April 29th
The Federal Trade Commission is hosting a virtual workshop on April 29th to examine digital “dark patterns” to examine what dark patterns are and how they impact or trick consumers and the marketplace into making unwanted or extra purchases online.
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Patreon Valuation Jumps to $4B After $155M Funding Round
After raising $155M in Series F funding, Patreon announced a valuation of $4B, three times the company's valuation six months ago.
Chip and Joanna Gaines Launch Magnolia Candle Subscriptions
Chip and Joanna Gaines are expanding their popular Magnolia brand to include two new candle subscriptions, which launched last week.
