Shares of Peloton took a nosedive following news that the company dropped the monthly price of its app-based subscription workouts, Bloomberg reported on Wednesday (Dec. 4). The monthly membership fee was slashed by $7.50 to bring the price down to $12.49 compared with $19.99 previously....
As digital and mobile technology changes the automotive market, vehicle subscription and online marketplace businesses are also growing, and undergoing changes. News has emerged, via Bloomberg, that Singapore-based automotive subscription operation Carro has gained the top automotive investment banker for HSBC in Asia as the...
Few industries have been disrupted by digital and mobile technology as has the music industry over the past two decades. The economic model has shifted as consumers increasingly consume music via bite-sized chunks of steaming content, forcing changes not only in how musicians craft their...
Netflix isn’t suffering and has not lost subscribers following the launch of the new Disney+ streaming competition, CNBC reported on Tuesday (Nov. 19), citing investment firm Credit Suisse. “Our Sensor Tower App downloads and Google search data analysis showed little to no impact from the...
Shares in Walt Disney surged on Wednesday (Nov. 13) amid news of 10 million signups for its Disney+ streaming service, according to a report by Reuters. The company cited “extraordinary customer demand,” and shares were up 3.5 percent. The results put Disney in league with...
Popular publishing platform WordPress.com has teamed up with payments company Stripe to add a subscription or recurring payments option, enabling users to generate regularly scheduled payments from customers or fans, according to a report. The feature is available to all WordPress.com sites that are on...
In non-iPhone Apple news, last month the tech company introduced a “grace period” for lapses in app store subscriptions. Apple’s grace period can last for six or 16 days, depending on whether the subscription duration is weekly, monthly or longer. To the benefit of merchants,...
A new survey suggests that Netflix users won’t jettison the service when new offerings from Apple and Disney launch in the next few weeks, and if anything, users may add multiple services and spend less on traditional TV. CNBC is reporting on a survey by...
Despite the popularity of subscription commerce, it can be a volatile market. In any given week, some companies fizzle out while others forge ahead. Last week, MoviePass announced the curtains would be closing on the subscription service. MoviePass had millions of subscribers and a much-beloved...
