Fritz Lanman, CEO of ClassPass discusses the company's announcement of 'ClassPass Live,' which will launch in the first quarter of 2018. The new live subscription classes are proprietary to ClassPass, and were created for the consumer that does not have time to go to fitness studios.
The subscription service will cost $15 per month for non-existing ClassPass users, and $10 per month for those that already have a membership. The classes will focus on high-intensity workouts for the consumer looking to get in a "quick sweat" from home.
We speak with Lanman about the company's profitability. He notes that from the launch of "Live" in the first quarter of 2018, he expects the company to make money off of the product. When it comes to picking instructors, the company held an audition process, hiring instructors that would get people as motivated to exercise from their living rooms as they would be in a class.
Stephen Kates, Financial Analyst at Bankrate, joins to discuss the Fed’s 25-basis-point rate cut, inflation risks, and what it all means for consumers and marke
Big tech earnings take center stage as investors digest results from Alphabet, Meta, Microsoft, Amazon, and Apple, with insights from Gil Luria of D.A. Davidson
Disney content has gone dark on YouTube TV, leaving subscribers of the Google-owned live streaming platform without access to major networks like ESPN and ABC. That’s because the companies have failed to reach a new licensing deal to keep Disney channels on YouTube TV. Depending on how long it lasts, the dispute could particularly impact coverage of U.S. college football matchups over the weekend — on top of other news and entertainment disruptions that have already arrived. In the meantime, YouTube TV subscribers who want to watch Disney channels could have little choice other than turning to the company’s own platforms, which come with their own price tags.
President Donald Trump said he has decided to lower his combined tariff rates on imports of Chinese goods to 47% after talks with Chinese leader Xi Jinping on curbing fentanyl trafficking.
Universal Music Group and AI platform Udio have settled a copyright lawsuit and will collaborate on a new music creation and streaming platform. The companies announced on Wednesday that they reached a compensatory legal settlement and new licensing agreements. These agreements aim to provide more revenue opportunities for Universal's artists and songwriters. The rise of AI song generation tools like Udio has disrupted the music streaming industry, leading to accusations from record labels. This deal marks the first since Universal and others sued Udio and Suno last year. Financial terms of the settlement weren't disclosed.
