Weekly Subscription News: Renting, Spending and Responding

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While subscription companies start rolling our their first quarter financials, others are focusing on operations. In this week’s subscription news roundup, popular B2B business Intercom dumps Twitter over Musk’s API price hike, Snapchat+ grows to 3 million subscribers, and ClimateTrade acquires TeamClimate to offer a consumer subscription. Also this week, Warner Bros. Discovery says new premium content will reduce churn, Rent the Runway gives customers extra clothes for free, and ChatGPT is allegedly making up fake Guardian articles, and Guardian is pushing back.

Snapchat+ Subscription Now Has More Than 3 Million Users
TechCrunch

ClimateTrade Acquires TeamClimate to Offer Consumer Subscription
Phocus Wire

New Subscriber Content Will Bring Churn Down, Says Warner Bros. Discovery CEO
CNBC

Rent the Runway Gives Customers Extra Clothes for No Extra Charge; It’s Boosting Business
Business Insider

Consumer Spending Growth on Subscriptions Like PS Plus Is Slowing
Push Square

ChatGPT Is Making Up Fake Guardian Articles. Here is How The Guardian is Responding.
The Guardian

Retail Subscription Features Help Woo Consumer Engagement
PYMNTS

Filed in Business Operations, Consumer Media and Publishing, Entertainment and Streaming, News, Subscription Apps

Dana E. Neuts

Dana Neuts is Subscription Insider's Editorial Director, covering our daily subscription news as well as member features, case studies, premium content, and reports. Dana is also a writer, editor, marketer and communications professional. Her work has appeared in AARP Bulletin, The Seattle Times, Seattle Business, 425 Business, 425 Magazine, South Sound Magazine, Northwest Travel and more. Her specialties include business writing, community news, senior issues, travel and, of course, subscriptions!