Apple may launch its new subscription services next month

Apple may launch its new subscription services next month The subscription industry is eagerly awaiting Apple’s new subscription services and it looks like the wait is about to come to an end. In our subscription roundup this week, our top story is the possibility of Apple launching its new video streaming and news subscription service next month. Will Apple take the subscription world by storm? Apple is also making it easy for users to manage their iOS app subscriptions in its latest update. In other news, T-Mobile is now planning to get into the subscription game with its own à la carte video streaming service. Then, we look at a market report which believes that Netflix will more than double its subscribers in the next decade. We also look closely at Spotify’s latest acquisitions – Gimlet and Anchor. And finally, we examine an industry report that shows that video subscriptions are rising in China.

Is Apple going to show off its subscription services at its next mega event?

Tech giant Apple is reportedly planning a mega event, which includes some of the biggest Hollywood stars, to unveil its new video and news subscription services. The event is likely to take place on the 25thMarch. If Apple indeed takes the plunge, it will be the company’s first big pivot towards services. However, the final details have not been worked out and the plan may still change.
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Apple’s new iOS update will make it easier to manage subscriptions

For a company that makes $10 billion in revenue from services, which includes app subscriptions, it issurprising that Apple hasnot delivered a good subscription management experience for users so far. However, Apple is all set to correct this through a new iOS update that makes it easier for users to manage their app subscriptions and cancel them, if needed.
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T-Mobile plans its own video streaming service

Telecommunications company, T-Mobile, wants to enter the SVOD space but it seems to be avoiding head on competition with the likes of Netflix and Hulu. Instead, it intendsto give subscribers the option of purchasing single channel options from a common platform. From that perspective, the service looks similar to Amazon Channels.
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Netflix can more than double its subscribers in the next decade: Report

In a report to Wall Street, Credit Suisse said that streaming giant Netflix is all set to grow its subscriber base to more than double the current number in the next ten years. According to estimates, Netflix will have 335 million subscribers by 2028 compared with the 148 million it has currently. Recently, Netflix enthused Wall Street by raising its subscription prices again.
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Spotify acquires two podcasting companies to diversify its content

Music streaming giant Spotify, which just saw its first profitable quarter, made a big announcement recently. The company has acquired two podcasting companies – Gimlet Media and Anchor – to expand its footprint in the non-music space. The company believes that 20% of all Spotify listening will be non-music content in the future. In such a scenario, the acquisition of two major podcasting companies will provide diversity and originality in its content offerings.
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Paid video subscriptions in China to exceed 300 million

Last year, we reported that China is one of the hottest emerging markets for subscriptions. A new report has now revealed that subscriptions to video streaming services in China are set to exceed 300 million by the end of 2019. This would be a jump from 230 million at the end of last year. High quality content is paving the wayfor a shift from hybrid and ad-supported platforms to more paid subscription offerings.
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Also read: Can IKEA start a new wave of furniture subscriptions?