Spotify adds paid subscribers, beating estimates
Swedish music streaming giant Spotify said Tuesday that it added seven million paid subscribers in the second quarter, beating forecasts after it raised prices.
Jul 23, 2024
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Business
Swedish music streaming giant Spotify said Tuesday that it added seven million paid subscribers in the second quarter, beating forecasts after it raised prices.
Jul 23, 2024
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Business
Music and podcast streaming giant Spotify reported Tuesday an increase in the number of paying subscribers and a rare but lower-than-expected operating profit for the first quarter.
Apr 23, 2024
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Business
Netflix gained another 9.3 million subscribers to start the year while its profit soared with the help of a still-emerging expansion into advertising, but caught investors off guard with a change that will make it more difficult ...
Apr 19, 2024
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Business
Netflix registered its third-consecutive quarter of accelerating subscriber growth in the final three months of 2023, closing out a comeback year that included a crackdown on viewers freeloading on the video-streaming service ...
Jan 24, 2024
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Business
If you are an Amazon Prime Video user, get ready to see ads on movies and TV shows starting next month.
Dec 28, 2023
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Business
The Walt Disney Company on Wednesday announced it will buy Comcast's $8.6 billion stake in Hulu, completing its takeover of the streaming service.
Nov 2, 2023
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Business
DoorDash powered past sales and earnings expectations in the third quarter, saying a growing mix of stores and faster service is drawing customers in the U.S. and abroad.
Nov 1, 2023
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Business
Music streaming giant Spotify on Tuesday said it registered 26 percent growth in active users for the third quarter as it reported a rare quarterly profit.
Oct 24, 2023
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Business
Netflix on Wednesday disclosed summertime subscriber gains that surpassed industry analysts' projections, signaling the video streaming service's crackdown on password sharing is converting former freeloaders into paying ...
Oct 18, 2023
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Internet
Users on the social media platform X, formerly known as Twitter, will now be allowed to hide their once-prized blue check marks, the company says.
Aug 3, 2023
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The subscription business model is a business model where a customer must pay a subscription price to have access to the product/service. The model was pioneered by magazines and newspapers, but is now used by many businesses and websites. Rather than selling products individually, a subscription sells periodic (monthly or yearly or seasonal) use or access to a product or service, or, in the case of such non-profit organizations as opera companies or symphony orchestras, it sells tickets to the entire run of five to fifteen scheduled performances for an entire season. Thus, a one-time sale of a product can become a recurring sale and can build brand loyalty. It is used for anything where a user is tracked in both a subscribed, and an unsubscribed status. Membership fees to some types of organizations, such as trade unions, are also known as subscriptions.
Industries that use this model include book clubs, record clubs, telephone companies, cable television providers, cell phone companies, internet providers, pay-TV channels, software providers, business solutions providers, financial services firms, fitness clubs, and pharmaceuticals, as well as the traditional newspapers and magazines.
Renewal of a subscription may be periodic and activated automatically, so that the cost of a new period is automatically paid for by a pre-authorized charge to a credit card or a checking account.
A common model on web sites, colloquially becoming known as the freemium model, is to provide content for free, but restrict access to premium features (for example, archives) to paying subscribers. In this case, the subscriber-only content is said to be behind a paywall. The razor and blades business model (also called the bait and hook model) is an attempt to approximate the subscription model, but with a formal agreement by both parties.
This text uses material from Wikipedia, licensed under CC BY-SA