The company believes it can turn its digital subscriptions into a nine-figure business by growing subscriptions from 250,000 to about 400,000 by the end of 2021. (And it looks like more games are on the way !) Overall, subscription revenue increased by 10% year-over-year, while advertising revenue decreased by 26%.Īxios ’s Sarah Fischer had a scoop that Bloomberg saw a 135% increase in its digital consumer subscription revenue in 2020. The Times ’s digital news subscription increased subscribers by nearly 50% while its Cooking and Games apps increased subscribers by 66% percent.
#Wordpress parse.lyfischeraxios series
Next up, we’ve got a series of earnings, diversity, and business reports from some major media entitiesįirst, the New York Times reported that it had “exceeded 7.5 million subscriptions for its digital products and print newspaper” per the company’s 2020 Q4 report. This comes after Google reached a similar deal in France during January, and as they continue to battle with the Australian government. publications who will receive “a few million dollars per year” from the company. Per CNBC’s report, Google signed a deal with 120 U.K. Publishers news, on Wednesday, Google announced that it had launched its News Showcase product in the United Kingdom, where it will now pay to use publisher content. By many accounts, Mills sounds like a person who actively harassed co-workers and colleagues and brought an antagonistic and toxic approach to the workplace. Over at the New York Times, last week the audio producer Andy Mills resigned via a not so contrite resignation letter. In somewhat related news, Substack has wholeheartedly welcomed Twitter and Facebook to the Peak Newsletter Age.
(Meanwhile, on Tuesday, Twitter reported its 2020 earnings.) This is obviously going to be a developing story to watch. Professor Scott Galloway agreed in his blog post from last week where he urged Twitter to move to a subscription model. Oh, so that’s why they acquired Revue and Breaker! Well, maybe not exactly why, but as the Bloomberg piece points out, any model should be based on some kind of premium content that only Twitter (or its power users) can offer. We start this week with a story out of Bloomberg on Monday reporting that Twitter is considering paid subscription options to diversify its revenue streams.
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