Weekly Subscription News: Rides, Revenue and Red Hat
Featuring FabFitFun, Disney, Digital First Media and Spotify
In this week’s subscription news, Digital First Media lays off 107 at its service center, FabFitFun surpasses $200 million in revenue and hits the 1-million-subscriber milestone, and Ubers tries to compete with Lyft with its own subscription service. Also this week, CNBC reports that ESPN+ will cost Disney big bucks this year as part of a long-term strategy, AMC Theatres beats Wall Street estimates, and IBM agrees to buy Red Hat.
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