Friday Five - November 4th
Welcome back to Friday Five! In this edition, we cover Apple’s new pricing for subscription offerings, Spotify’s third-quarter subscriber report, book prices rising due to production costs, Meta using AI for news tabs, and why trusted journalism is so important.
Streaming Costs Keep Rising
Apple has increased the rates of three of its streaming services: Apple Music, Apple TV+, and Apple One, a subscription package that offers access to multiple services for one monthly fee. Read the full article.
Spotify Hits 195-Million Paid Subscribers
The popular streaming service ended the third quarter with 7 million new paying subscribers, totaling 195 million, with plans to reach 200 million by the end of 2022. Even though Spotify’s gross profit margin is down by two points from the previous year. Read the full article.
Book Prices Set to Rise
Companies are attempting to limit price increases by using less expensive paper and increasing print runs as raw material and energy costs rise. Read the full article.
Trusted Journalism More Important Than Ever
InPublishing is staying on trend for Journalism Matters week and explains the critical role journalism plays in helping families navigate the cost-of-living crisis. Read the full article.
Meta Replacing Facebook News Tabs with AI
Meta intends to end human curation of the United Kingdom Facebook News tab and replace it with an entirely automated system. Claiming that news is no longer a priority for Facebook and its users. Read the full article.