The New York Times is using bundling better than any subscription product I can think of.
The reason their bundle is so powerful is because they minimize SuperFan overlap, and maximize CasualFan overlap.
Not sure what that means? Here's a breakdown on bundling strategy 🧵
A week ago, OnlyFans posted that they had paid out $700M to creators lifetime to date. Now the headline image says $725M. At a 20% take rate and with the approx timeline, thats ≈$800m-1.5B GMV run rate and $150-300M revenue run rate. This is a billion dollar media company.
Ugh, I can’t believe I had to live/work through the deaths of both print media AND online media and now possibly television and film too?? Can I just have a job?! Like, no offense to my beloved Butt News subscribers, but there’s no way that selling direct-to-consumer humorous movie reviews at a freelance tax rate and paying $600/month for my own in... See more
sigh - this is true. There’s no way that any of us can afford to pay $5/month to access the work of all the writers, chefs, cartoonists, podcasters, etc... whose output we occasionally enjoy.
BuzzFeed’s Jonah Peretti on why he bought HuffPost and why the New York Times can’t be "the paper of record"