Entertainment subscription site Patreon will be cutting around 17% of its staff and closing two offices in Europe, a Bloomberg report said. This will affect 80 employees in operations and finance departments, along with others, according to a statement from CEO Jack Conte. And the...
From a payments perspective, the continued rise of the subscription-based revenue model has been one of the most interesting developments in post-pandemic global commerce. Once reserved for utilities and bills, the concept of monthly recurring payments has gained traction in the digital services market, as...
Walmart-owned wholesale retailer Sam’s Club is raising its yearly membership price for the first time in nearly a decade. According to multiple media reports Wednesday (Aug. 31), the price increase goes into effect Oct. 17, with club members paying $50 per year, a $5 increase...
Though it’s taking knocks and seeking a new level in the current environment, streaming subscriptions remain a favorite for millions, though the question remains as to whether a similar model can work for America’s beleaguered movie theaters. MoviePass, a subscription service for movie theater tickets,...
Just six weeks after Grubhub announced its commercial agreement with eCommerce giant Amazon, the Chicago-based food delivery company revealed Thursday (Aug. 18) that it has partnered with multinational financial services company Bank of America to offer a year of free Grubhub+ membership to Bank of...
The August edition of the PYMNTS Subscription Commerce Tracker, published in collaboration with Vindicia, highlights that while the subscription commerce model continues to gain ground, it is not without its drawbacks, and pain points are starting to frustrate some consumers. Read the report: The Subscription...
As electric vehicles (EVs) become a more popular option, Autonomy, a California startup focused on EVs, is adding services to let people access the vehicles through subscriptions. The subscription model would come with a starting fee of $5,900 start, Bloomberg reported Saturday (Aug. 13), followed...
Borrowing a popular tactic from another sector — telecom — Walmart is reportedly in talks to bundle streaming subscriptions into Walmart+ memberships to level the field with archrival Amazon, whose Prime Video service is a key draw for the eCommerce leader. Despite ‘the great unsubscribe’...
Subscriptions have become a source of both promise and peril for consumers. The increase in subscription-based goods and services presents people with more choice and flexibility, and they are signing up in record numbers. One survey found that half of all consumers now subscribe to video...
