Subscriptions never stop, especially in the Digital Media and Entertainment industry. This week, Twitch has unveiled its new standard revenue share agreement, and Prime Video breaks a new prime-time audience record with Thursday Night Football. The New York Times continues to scale in subscription revenue, and Apple struggles to create its ambitious connected environment.
Twitch standardizes revenue share with streamers
Twitch plans to reshape the revenue-sharing landscape for its creators, standardizing its terms for all users. As of June 2023, premium streamers keep 70% of their first $100,000, then default back to the non-premium 50/50. The company is also offering an alternative ad revenue program to boost earnings. Learn more on TechCrunch.
Amazon Prime Video scores with Thursday Night Football
Even though Prime Video has been streaming NFL games for four years, in 2021, they locked up national rights to NFL's Thursday Night Football games–a big win for the company. Last week’s game attracted a record prime-time audience, beating its records for Prime Day, Cyber Monday, and Black Friday. Read more on CNET.
The New York Times well poised on subscription revenue
The New York Times Company has been diversifying the business, adding revenue streams, realigning the cost structure, and streamlining operations to meet the rapid digitization and growing audience of online readers. The result? Subscription revenues increased 13.1% year over year. Learn more on Yahoo!
Subscription shortcomings frustrating Apple’s ambitions
The company’s services, including subscriptions, were up 12%, while overall firm revenue gains slowed to 2%. PYMNTS’ latest Subscription Commerce Conversion report offers data that may bedevil Apple’s efforts to build a connected ecosystem. However, the new iPhone and iWatch may be a way to connect healthcare and data to bring commerce and subscriptions to the forefront. Read more on PYMNTS.
From the Recurly agenda:
Processing payments in Croatia. Starting January 1st, 2023, all payments processed in Croatia must be in EU currency, not Croatian Kuna.
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