The New York Times subscription revenue crossed $1 billion in 2017

The New York Times subscription revenue crossed $1 billion in 2017 It looks like subscription business models are increasingly becoming the default for successful media companies. In this week’s subscription roundup, we turn the spotlight on The New York Times which has made a staggering $1 billion through subscription revenues last year. In other interesting updates, we explore Facebook’s new subscription tool on iOS and MoviePass’ new pricing plan. So, read on…
 

Subscription revenue accounts for more than 60% of The New York Times’ total revenue

At a time when many media companies are struggling to stay profitable, The New York Times is actually bucking the trend. The positive effect can be attributed, in a large part, to the company’s subscription revenues which topped $1 billion last year. The newspaper reported 2.6 million digital-only subscriptions at the end of 2017. Last year, we reported that The New York Times is thriving in this digital landscape by focusing on the quality of its content and adding new services and features such as NYT Cooking.

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Facebook to roll out a new subscription tool for publishers on iOS

Starting next month, Facebook will allow publishers to put paywalls for certain content on its platform. Already available on Android, the new feature will be made available on iOS from 1st March onwards. It will be interesting to see how the finer details will be worked out between Facebook and Apple – Apple charges a 30 percent fee for subscriptions sold on iOS, whereas Facebook does not charge anything for it.

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MoviePass cuts subscription price to $7.95 per month

Subscription movie ticketing service MoviePass has teamed up with streaming service Fandor to offer a new bundled subscription pricing plan for less than $116 per year. This brings the effective pricing plan down to $7.95 per month from its usual $9.95 per month. The total price also includes a $19.95 one-time activation fee. But this is only applicable when the price is paid upfront annually. Notably, MoviePass subscriptions reached an all-time high when it reduced its subscription prices last year. Will the new pricing plan yield similar results?
 
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Also read: Disney’s ESPN to launch subscription service


 
(Image Credit: Joe Shlabotnik on Flickr)