Last Tuesday, a group of textbook authors filed a new lawsuit against Cengage in the Southern District of New York, reports Publishers Weekly. Authors Douglas Bernstein, Elaine Ingulli, Terry Halbert, Edward Roy, Louis Penner and Ross Parke are seeking class action status in Bernstein et al v. Cengage Learning, Inc. They allege the publisher is not paying them according to their contracts, but instead, is choosing how to pay royalties and from what pool of money. The group of authors is asking the court for damages and restitution for unpaid royalties for Cengages digital product
In this week's subscription news headlines, Google wins publishers over, LinkedIn gets closer to becoming a CRM, and Discors wants people to pay for one low-priced subscription that crosses multiple publishers. We're also reading about Apple Music's saturation, or lack thereof, Netflix's global growth and The Boston Globe's use of Facebook for breaking news notifications.
TGIF. We've survived this week's impeachment hearings and can now head into the pre-Thanksgiving weekend with Black Friday shopping on our minds. Before you go, check out this week's Five on Friday features. Book by Cadillac car subscription is making a comeback, Meredith expands Coastal Living magazine using a new subscription model, and Patreon creators have been paid $1 billion by more than 4 million patrons. Also this week, Google Stadia suffers through a lackluster launch due to latency problems, and thousands of Disney+ accounts have been hacked and sold online.
Subscription revenue management platform Chargebee pledged $5 billion in free subscription processing to early stage startups.
Surfline is a B2C site for surfing enthusiasts that offers a 15-day free trial to prospects. By splitting its trial conversion process into four steps, the site is able to market to trial prospects who abandon the cart by asking for an email address in the first step. .
Launches, layoffs, love connections and Lena Dunham are all in the subscription news headlines this week. Get those headlines as well as SaaS news, acquisitions, programmatic advertising, Disney's digital subscription launch and more right here on Subscription Insider.
Last Thursday Amazon (NASDAQ: AMZN) added two more premium channels - HBO and Cinemax - to Amazon Channels, bringing the total number of video subscriptions to over 80 available to Amazon Prime members. For $14.99 a month, Prime members can subscribe to HBO. For $9.99 a month, they can subscribe to Cinemax. These new additions to Amazon's channel line-up make one-stop OTT shopping easier for cord cutting consumers, while creating recurring revenue for subscription companies.
In this week's subscription headlines, The Drum suggests seven ways publishers can survive in the world of ad blocking, the Washington Post enters the ad tech business with Fuse ads, and Sauk City, Minnesota considers a 25-year subscription to solar gardens. Get those headlines and more on cloud computing, vinyl record curation, SaaS and new media versus old media.
Five on Friday, Mar. 13, 2020: publishers bring down paywalls for coronavirus, Seattle Magazine returns to local ownership and five ways to use lead magnets.
Last week Microsoft Corp. (NASDAQ: MSFT), the third largest publicly-traded company in the world, reported financials for the period ended December 31, 2016, the company's second quarter of fiscal year 2017. The company reported revenue of $24.1 billion (GAAP), a slight increase over revenue of $23.8 billion reported for the same period last year. Other highlights for Q2 of fiscal year 2017 include operating income of $6.2 billion (GAAP), net income of $5.2 billion (GAAP) and diluted earnings per share of $0.66 (GAAP).