PYMNTS-MonitorEdge-May-2024

subscriptions

The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product. The model was pioneered by publishers of books and periodicals in the 17th century, and is now used by many businesses and websites.

Source: en.wikipedia.org

Peloton Picks Apple Fitness+ Vet Peter Stern as New CEO
Peloton Picks Apple Fitness+ Vet Peter Stern as New CEO
October 31, 2024  |  Personnel

Peloton appointed the co-founder of Apple Fitness+ to serve as its new leader. Peter Stern, who joins the digital fitness brand from a position at...

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X Doubles API Price and Adds Subscription Discounts
X Doubles API Price and Adds Subscription Discounts
October 30, 2024  |  Social Commerce

X is hiking its API pricing while introducing discounted annual subscription rates. The Elon Musk-owned social media platform has increased the cost of its basic API...

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Subscription Economy Veteran Sounds the Alarm on Hidden Cost of Churn
Subscription Economy Veteran Sounds the Alarm on Hidden Cost of Churn
October 29, 2024  |  Subscription Commerce

Subscription businesses live and die by customer loyalty — yet many don’t see the full price tag of customer churn until it’s too late. “Recurring...

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Consumer Subscriptions Account for 75% of OpenAI’s Revenue
Consumer Subscriptions Account for 75% of OpenAI’s Revenue
October 28, 2024  |  artificial intelligence

Seventy-five percent of OpenAI’s revenue reportedly comes from consumer subscriptions. OpenAI Chief Financial Officer Sarah Friar also told Bloomberg TV Monday (Oct. 28) that the...

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AI Pets Offer a Playful Peek Into the Future
AI Pets Offer a Playful Peek Into the Future
October 26, 2024  |  Artificial Intelligence

Meet the new breed of best friend: artificial intelligence pets that are padding into homes, no kibble required. These digital companions are bridging the gap...

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Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
Trade Associations Sue to Block FTC ‘Click-to-Cancel’ Rule
October 23, 2024  |  Legal

Three trade associations filed a lawsuit Wednesday (Oct. 23), aiming to block the Federal Trade Commission’s (FTC) “click-to-cancel” rule. The suit claims that the rule...

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Subscription Economy Faces New Consumer Expectations, Regulatory Demands
Subscription Economy Faces New Consumer Expectations, Regulatory Demands
October 18, 2024  |  Subscriptions

While Netflix raised membership prices in Japan, Italy, Spain, and parts of Europe, the Middle East and North Africa (EMEA), it faces an evolving subscription...

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Subscription Platform Zuora Goes Private in $1.7 Billion Silver Lake Deal
Subscription Platform Zuora Goes Private in $1.7 Billion Silver Lake Deal
October 17, 2024  |  Acquisitions

Subscription management platform Zuora is set to be acquired by tech investor Silver Lake. The $1.7 billion deal is happening in partnership with an affiliate...

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FTC Publishes Final Rule on Subscription and Membership Programs
FTC Publishes Final Rule on Subscription and Membership Programs
October 16, 2024  |  Regulation

The Federal Trade Commission (FTC) announced a final rule that will require sellers to make it as easy for consumers to cancel their subscriptions, memberships...

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