All articles tagged with #subscription economy
Originally Published 3 months ago — by WIRED
Xbox Game Pass in the US is increasing prices by up to 50%, prompting users to reconsider their subscription tiers and whether the service is still worth it, especially with new features and the broader trend of a subscription-based economy in gaming.
Originally Published 2 years ago — by USA TODAY
The subscription economy has grown significantly over the past decade, with consumers subscribing to various services and often forgetting about them. Research shows that the average consumer spends $219 on subscriptions every month, $133 more than they realize. Businesses take advantage of this forgetfulness, boosting revenues by making it difficult to cancel subscriptions. The Federal Trade Commission (FTC) has proposed a "click to cancel" rule that would make it as easy to cancel a subscription as it is to start one. However, trade groups argue that multi-step cancellation processes protect consumers and offer better deals. Some consumer advocacy groups believe the FTC's proposed rule doesn't go far enough and are urging for stronger regulations to protect consumers from unwanted charges.
Originally Published 2 years ago — by TechCrunch
The subscription economy, particularly in the software-as-a-service (SaaS) sector, has seen significant growth, but there is a growing imbalance between providers' profits and customers' outcomes. Software is becoming more expensive for customers, with recent price hikes from major companies. To improve the health and sustainability of the subscription economy, software providers should focus on adding value to customers by encouraging flexibility, offering longer and more comprehensive trials, and allowing customers to build trust before making purchasing decisions. This approach will drive growth and benefit both providers and customers.