Variety Drops Daily Publishing, Opts for New Weekly Edition

Entertainment trade publication Variety has announced it will end its long-running daily publication schedule after March 19 and launch a new weekly Tuesday edition. The five-days-a-week newspaper and Sunday magazine will both shutter this month. Under new owner Penske Media, the publication’s digital Variety.com edition will also drop its paid-subscription plan and will be offered for free. Continue reading Variety Drops Daily Publishing, Opts for New Weekly Edition

Music Industry Sees Worldwide Growth, Led by Streaming

Due in part to growing demand in developing markets, digital music and streaming services are driving renewed health for the music industry, according to a report from global music trade body, the International Federation of the Phonographic Industry (IFPI). Digital revenues climbed $500 million worldwide in 2012 for a total of $5.6 billion, representing a nine percent increase over 2011. Continue reading Music Industry Sees Worldwide Growth, Led by Streaming

Will Google Soon Expand to Offer Streaming Music Service?

Google is reportedly in talks with major music labels about the possibility of starting a music streaming service. It is expected that such a service would offer a subscription-based model along with free unlimited access to songs supported by ads, much the same as models already provided by streaming services such as Spotify and Deezer. Google started a music download store in 2011. Continue reading Will Google Soon Expand to Offer Streaming Music Service?

Positive Review for Radically Changed Microsoft Office 365

Microsoft released its newest version of Office this week with radical changes including a new subscription-based pricing model, automatic year-round updates and close tie-ins to the cloud. Documents can be saved to Microsoft’s SkyDrive, an effort to compete with products like Google Drive, giving users the chance to store and share with remote access. Continue reading Positive Review for Radically Changed Microsoft Office 365

YouTube to Test Paid Subscription Channels on Limited Scale

While online video continues to grow, one challenge has involved effective revenue models. YouTube is addressing that hurdle with its decision to launch paid subscriptions for individual channels on its video platform. It is the Google-owned company’s “latest attempt to lure content producers, eyeballs, and advertiser dollars away from traditional TV, according to multiple people familiar with the plans,” writes Ad Age. Continue reading YouTube to Test Paid Subscription Channels on Limited Scale

Damage Control: Will Netflix Bounce Back from Reaction to Price Increase?

  • Wedbush analyst Michael Pachter believes Netflix cannot repair itself from the damage inflicted earlier this year after the streaming company raised prices on subscribers.
  • CNET reports that, “according to Pachter, by year’s end, Netflix will show a loss of 11 million ‘hybrid’ customers that previously rented DVDs and streamed video content. He said he believes that 7 million of those customers will have traded down to the streaming-only option, while another 4 million will have ‘quit the Netflix service altogether.’”
  • Shareholders also seem uncertain if Netflix can bounce back. “Over the past six months, the company’s stock is down 75 percent,” indicates the article.
  • Netflix has not given up, and believes things can be turned around. However, the company offered this honest evaluation: “If we are unable to repair the damage to our brand and reverse negative subscriber growth, our business, results of operations, including cash flows, and financial condition will continue to be adversely affected.”
  • In the wake of a devastating couple of months, the company is looking to rebound “brick by brick” with a strong rebranding, suggests a related Home Media Magazine article.
  • In addition to ongoing damage control, Netflix is working to increase its content selection, update its interface and improve user algorithms. These changes, the company hopes, will restore credibility after its recent 60 percent price increase led 800,000 people to unsubscribe.

Rhapsody is Betting on Napster Purchase to Grow Subscriber Base

  • Subscription-based music service Rhapsody has acquired Napster from Best Buy in a deal expected to be finalized the end of November.
  • “There’s substantial value in bringing Napster’s subscribers and robust IP portfolio to Rhapsody as we execute on our strategy to expand our business via direct acquisition of members and distribution deals,” said Rhapsody president Jon Irwin.
  • Rhapsody and Napster have the two largest music service subscriber bases and the acquisition could impact other music services such as Rdio, Spotify and MOG.
  • Irwin emphasized the importance of a strong subscription base: “This is a ‘go big or go home’ business, so our focus is on sustainably growing the company.”
  • “Apparently it takes more than Facebook sharing to win the subscription war,” comments Gizmodo. “Too bad I haven’t seen a Rhapsody or Napster song actually shared on Facebook.”

MOG Offers More than 11 Million Streaming Songs for Boxee Users

  • Subscription online music service MOG has announced the availability of its new app for the Boxee Box by D-Link.
  • According to the press release: “MOG is the first on-demand music service providing unlimited music in high quality, 320 kbps, to be offered as a native app for Boxee. Listeners can now enjoy MOG’s HQ audio through this new living room offering, featuring a wireless remote keypad for quick searches of MOG’s 11.5-million song catalog on a user’s connected TV.”
  • You can test drive MOG free for 14 days, reports Engadget. After the trial period, you have a choice of the $4.99/month basic account or $9.99/month Primo account.
  • The Boxee Box costs $199.