Zuora Unveils Z-Business for Media, Helping Media Companies Use Paywall 2.0 to Win in Today’s Digital Age

  Zuora Unveils Z-Business for Media, Helping Media Companies Use Paywall 2.0
  to Win in Today’s Digital Age

   News International, Fairfax Media, Pearson Continue to Lead the Industry

Changing Media Summit 2013

Business Wire

REDWOOD CITY, Calif. -- March 20, 2013

Zuora:

Summary

  *Zuora, the leader in subscription commerce, billing, and finance, today
    announces Z-Business for Media, a relationship business management (RBM)
    solution that enables publishers to implement Paywall 2.0: a shift from
    advertiser-centric to subscriber-centric business strategies that enable
    growth in the digital age.
  *Z-Business for Media and Paywall 2.0 enable media companies to reinvent
    themselves in today’s digital age through strategies such as broadening
    their geographical reach, offering cross content bundling, delivering
    multi-device experiences, and providing creative pricing. The result is
    more predictable, growing revenue streams built on long lasting subscriber
    relationships.

Reinvention of the Media Industry Will Be Driven by Paywall 2.0

  *A few years ago, the media industry was on the brink of extinction. In the
    shift to digital, advertising spend was diverted to the Googles and
    Yahoo!s of the world and media advertising revenues plummeted to 1950s
    levels. It was assumed that people would never pay for online content,
    which left publishers scrambling for new sources of revenue. Reality hit
    hard as many popular media houses folded.
  *A small handful of titles, namely Financial Times, New York Times and Wall
    Street Journal, took matters into their own hands and implemented basic
    paywalls for premium content. These companies saw a steady rise in revenue
    and, for the first time in years, growth in their respective subscriber
    bases. Their results speak volumes:

       *In 2012, the New York Times made more money from subscription and
         circulation revenue than advertising - for the first time ever;
       *At Financial Times, digital subscriptions exceeded print circulation
         for the first time and mobile now accounts for one quarter of all
         traffic to FT.com.

  *However, a simple paywall is just the first step. In order for the media
    industry to thrive in this new reality, some media companies have seized
    the opportunity to reinvent themselves in an increasingly digital and
    mobile world.
  *Reinvention of the media industry must start with strategies that help
    media companies extend, monetize and maximize subscriber relationships.
    With a Paywall 2.0 strategy, media companies have the opportunity to:

       *Increase their geographical reach;
       *Offer cross-title bundling;
       *Give subscribers richer, multi-device content experiences;
       *Extend products and offerings through creative content packaging and;
       *Build a predictable revenue model focused on subscriber
         relationships.

Z-Business for Media Enables Paywall 2.0

  *Zuora Z-Business for Media is a relationship business management (RBM)
    solution that enables media companies to solve growth challenges and to
    develop, monetize, and retain subscriber relationships.
  *The platform helps make Paywall 2.0 possible by delivering:

       *Pricing, billing and payments to support increased global reach
         including:

            *Multi-currency in over 200 currencies and;
            *Automation of global electronic payment processing.

  *Sophisticated subscription order management with support for:

       *Cross-title bundling of multiple items on a single subscription;
       *Consolidated billing for print, digital and other content formats
         and;
       *Ability to add or remove content items without disrupting
         subscriptions.

  *Support for multi-device and multi-channel experiences including:

       *Point-and-click tools for creating commerce Web pages;
       *Subscriber self-care that includes account and subscription
         management and;
       *Sample code libraries to enable faster time-to-market on multiple
         platforms.

  *Flexible product catalogs for creative content monetization with support
    for:

       *One time, recurring and pay-per-read charge models;
       *Creative time-based discounting rules and;
       *Multiple freemium pricing models.

  *Subscriber-centric analytics with support for:

       *Key forward looking metrics like MRR, ARR, renewals and churn;
       *Pre-built reports for insights into subscriptions, billing, cash,
         revenue and;
       *Ad-hoc reporting for real time access to multiple subscriber
         dimensions.

Industry leaders News International, Fairfax Media, Pearson and others have
embraced Paywall 2.0 through the implementation of Z-Business for Media across
their respective portfolios of leading publications.

Z-Business for Media is the latest example of the Zuora commitment to deliver
relationship business management (RBM) to customers across a variety of
industries adopting subscription-based models.

Customer and Industry Commentary

  *"We’ve seen a drastic drop in advertising revenue over the past five
    years. Putting a paid strategy around some of our digital content was a
    critical step in helping us to not only survive, but to thrive in today’s
    digital economy," said Andrew Lam-Po-Tang, CIO, Fairfax Media. "Z-Business
    for Media gives us deeper insight into our readers, helps us to forecast
    their behavior and ultimately helps us to create a better, more relevant
    customer experience."
  *"Customers are happy to pay for products and services they value. Our paid
    content strategy is no exception," said Katie Vanneck-Smith, CMO, News
    International. "Zuora is helping us take control of our customer
    relationships and, unlike other systems Z-Business for Media has been
    designed around the future of subscription models, not the past."
  *"The digital era has brought with it the opportunity for us to redefine
    our relationship with our customers and the developer community," said Tom
    Hall, VP Education Technology Partnerships, Pearson PLC. "Through our API
    datasets and our partnership with Zuora, Pearson has been able to make its
    content open and accessible to a whole new generation of partners."
  *"The media industry is fast waking up to the notion that it’s
    subscriptions – not advertising – that will drive revenue growth in the
    digital age," said Amy Konary, VP in the Software Research Group at IDC.
    "It is essential for these companies to give their customers flexibility
    in pricing, allow access of their content on both traditional and mobile
    devices, and to measure along the way. Media companies that rely on
    traditional models without recognizing the way readers want to consume and
    pay for content today will not be able to tackle the challenges of the
    rapidly changing media landscape."
  *"The reconstruction of the media industry started three years ago with a
    handful of pioneers validating the idea that people will indeed pay for
    high-quality content accessed across a range of devices from a trusted
    brand," said Peter Kreisky, media industry pundit and chairman of Kreisky
    Media Consultancy. "New tools like Zuora's are important enablers for
    media companies to compete more vigorously in the emerging digital
    economy."

Zuora Commentary

  *"As advertising shrinks as a source of revenue for magazines and
    newspapers, leading media companies know that subscriptions are the
    foundation to healthy growth," said Tien Tzuo, CEO, Zuora, who will be
    speaking at the Guardian Changing Media Summit in London. "The shift to
    the Subscription Economy has disrupted many business models across a wide
    range of industries, up-ending many media companies who capitalized on the
    opportunities of the digital age."

Additional Resources

  *Join the Future of Media event virtually at 3pm GMT / 11am EST on March
    20, 2013
  *Watch Zuora CEO speak at The Guardian Changing Media Summit 2013 on March
    21, 2013
  *Blog: The Opportunity for Media to Reinvent Itself
  *Z-Business for Media Web Page
  *Z-Business for Media Online Press Kit
  *Commentary from Zuora customers on YouTube

About Zuora

Zuora is the global leader in Relationship Business Management (RBM)
solutions. Zuora delivers the subscription commerce, billing and finance
capabilities that have become the industry standard to help companies
transition to the Subscription Economy. Enterprises and emerging companies
alike use Zuora's multi-tenant cloud solution to streamline key processes,
provide visibility into the metrics that matter most and serve as the
financial engine of the business. Zuora services innovative customers
including Informatica, Tata Communications, Box, Zendesk, DocuSign, Xplornet,
Ustream and Reed Business Information. To learn more about Zuora, please visit
www.zuora.com, like us on Facebook, follow us on Twitter, join us on LinkedIn,
hang out with us on Google+, or visit our blog, Z-Blog.

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Contact:

Zuora
Megan Golden, 415-728-2824
megan@zuora.com
or
for Zuora
Angela D’Arcy, 415-392-8282
zuora@theoutcastagency.com
 
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