Media, Entertainment & Tech Archives - Bloomberg Second Measure

Spotify’s new Duo plan has the highest customer retention among U.S. paid subscriptions

Over the past few years, Spotify (NYSE: SPOT) has rolled out new options for its listeners. Most recently, in July 2020, Spotify introduced its Premium Duo plan, which is designed for two-person households and offers two premium accounts for one discounted price. While the Premium Duo plan currently represents only about 2 percent of Spotify’s … Continued

Janine Perri — 16 Dec 2021

Consumers swipe right on online dating subscriptions during the pandemic

Dating app industry growth has been a hot topic throughout the COVID-19 pandemic, as social distancing drove many U.S. consumers to virtual platforms to find love and make new friends. As in-person meetups are resuming, a number of dating apps have also rolled out features to help users filter potential matches by vaccination status. An … Continued

Janine Perri — 26 Oct 2021

Sales spikes for TV streaming services correspond with the start of football season

TV streaming platforms such as FuboTV (NYSE: FUBO), Sling TV, and YouTube TV have been on the rise for the past few years, bolstered by a combination of price increases and new subscribers. While OTT streaming platforms such as Netflix (NASDAQ: NFLX) and Hulu experienced a spike in sales and customers at the start of … Continued

Janine Perri — 18 Oct 2021

Movie theater sales grow amid reopenings

Throughout the COVID-19 pandemic, consumers turned to streaming services as movie theaters, sports stadiums, concert halls, and other live event venues shut down. The gradual reopenings of brick and mortar businesses has boosted movie theater attendance and sales as the summer blockbuster season gets underway. Additionally, some companies such as AMC Theatres have seen increasing … Continued

Janine Perri — 02 Aug 2021

Event ticketing platforms see growth, as some metro areas rebound quickly

As the travel industry recovers and in-person events—such as Broadway shows, sports games, and live concerts—restart in some parts of the U.S, the major event ticketing platforms have seen rising sales. During the height of shelter-in-place orders in April 2020, overall sales among a select set of ticket marketplaces (Ticketmaster, Vivid Seats, StubHub, and SeatGeek) … Continued

Janine Perri — 22 Jul 2021

COVID-19 Industry Tracker

U.S. consumer spending has been altered by the coronavirus pandemic. Our data reveals that consumers are changing the way they pay for goods and services, with some industries seeing spending shift toward online purchases. Additionally, the pandemic has changed the types of purchases consumers are making, with stimulus recipients increasing their spending on big-ticket items. … Continued

Liyin Yeo — 22 Jul 2021