OPW – Mar 29 – The GDI Conference in NYC was a success, with ~60 attendees. Sadly, naturally, because of coronavirus the Singapore (12th May) and Los Angeles (11th June) conferences are postponed. However, Dominic and Simon are confident the London GDI show will still go ahead on 1st October. Google, Spectrum Labs, and Besedo are kindly sponsoring the GDI London show.
IDEA SUMMIT in Singapore and L.A. were in the works for the day before the GDI conferences and are similarly postponed.
In the mean time, we just uploaded these segments from my ‚state-of-the-industry‘ from the last GDI London show. Top Dating Sites (1 min 6), User Growth (1 min 23), Gender Distribution (1 min), The Rise of Match Group (41s), Facebook Dating Threat (2 mins 44), Full Presentation (14 mins).
NEWSWEEK – Mar 27 – Weddings, along with concerts, parades and other events, are postponed because of coronavirus. AdultFriendFinder is offering to stream weddings for free on its website and gives engaged couples the opportunity to exchange nuptials in front of their family, friends and loved ones while still social distancing. CEO Jon Buckheit said „There’s been a big increase in video chat and video streaming, and that’s something that we’ve always offered on the site. So we have the technology to do it, and we thought that we should offer [to stream weddings] at no charge to people who want to use our site for that purpose at this time“ in private, password-protected channels, or with the world in a public channel.
by James Crowley
See full article at Newsweek
REUTERS – Mar 27 – Shares in ProSiebenSat.1 Media rallied by 9% on Friday after the departure of CEO Max Conze. ProSieben announced that Conze was leaving with immediate effect and CFO Rainer Beaujean would assume his responsibilities. Conze had sought to accelerate a pivot to digital commerce and advertising to offset a relentless decline in ProSieben’s core commercial TV franchise, but while this preserved top-line growth it squeezed profitability and pushed up debt. The recent announcement of the $500M takeover of The Meet Group incurred the disapproval of Italian broadcaster Mediaset, which took advantage of a precipitous decline in ProSieben’s share price to up its stake to 20%. Mediaset wanted ProSieben to change course and concentrate on its core media business. Analysts at Citi said it was possible that Mediaset could partner with Czech investor Daniel Kretinsky, who owns a 10% stake in ProSieben, to make a takeover bid.
See full article at New York Times
See the top news on The Meet Group
MARKETING MAGAZINE – Mar 27 – Singapore-based dating agency Paktor Group has seen a 28% increase in its installation rates in Singapore as compared to the previous year. There was also a 17% increase in app engagement during this period, with users logging into the app more frequently throughout the day. Meanwhile, Tinder has also seen an increase in its app engagement since mid-March. Its in-app conversation length saw an increase of 10% to 30% in Southeast Asia and Europe markets, as compared to February. Globally it has also seen daily messages increase by 10% to 15% in the United States, and an increase of up to 25% in daily conversation in Italy and Spain. On the other hand, Coffee Meets Bagel’s founder and CEO, Dawoon Kang, said it saw an initial dip in its new user signups from mid to end February in Singapore, which recovered in March.
by Grace Ong
See full article at Marketing Magazine
See the top news on Tinder
See the top news on Coffee Meets Bagel
See the top news on Paktor
APPLE INSIDER – Mar 26 – iPhone owners increased their App Store spending to an average of $100 per person in 2019, up 27% from 2018. This number comes from premium app purchases and in-app purchases, not including sales of goods like products from Amazon, or Uber rides. Subscriptions made up $3.6B of revenue from the top 100 subscription apps alone.
by Wesley Hilliard
See full article at Apple Insider