As 1NTX said, this model is becoming more common. I believe someone had made mention of this earlier, but Adobe software moved all their graphics products from "single or suite" purchase with minimal upgrade costs for latest versions to a subscription based model about a year or two ago. I run a branding agency and all our work is on Mac's and most of all of our graphics software is Adobe. We now license the products annually to get the latest versions which sucks, but we have to have it!
'Transition to a subscription based business' is something i don't like the sound of at all- well since that was announced in a RNS in march you should have been aware of it, most are on here and the rest obviosly don't do research.
RE: Leadership change Monitise Amer..
Lisa Stanton not put anything on twitter for over a month now - very unusual.
transition to subs
The subscription model is only about 5 months old. That's why they are saying they are in "transition." It isn't nearly complete after such a short time.
Stum - revenue has to come from somewhere ! It seems to have come, in the past ,from one off lump sums . Now it is to be by annual or other subscription,which will obviously be for a lesser amount ,but will last for as long as the subscriber considers the contract worthwhile ; not uncommon these days where businesses utilise software products . The vendors believe they will make more from this type of business arrangement in the long term ! Monitise is clearly of the same opinion. So , less revenue in the short term ,but more revenue in the medium / long term ££££££
This is very interesting, the board changes, the ties ups with Visa and retail expertise, the Apple announcement etc but in the news release the expression, 'Transition to a subscription based business' is used which I don't like the sound of at all. any thoughts?
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