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1.5 Million people still pay for AOL monthly service
| Milky field | 05/03/21 |
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Date: May 3rd, 2021 5:54 PM Author: Milky field About 1.5 million people still pay for AOL — but not for dial-up internet access
About 1.5 million people still pay for AOL — but now they get tech support and identity theft services instead of dial-up internet
PUBLISHED MON, MAY 3 20213:30 PM EDTUPDATED 2 HOURS AGO Alex Sherman @SHERMAN4949 Apollo Global Management is paying $5 billion for Verizon Media Group, which houses Yahoo and AOL. There are still 1.5 million people paying a monthly subscription service fee for AOL — but instead of dial-up access, these subscribers get technical support and identity theft software. The number of AOL dial-up subscribers is now “in the low thousands,” according to a source. In this article APEN +0.22 (+3.94%) APO +0.21 (+0.38%) After Hours AMEH -0.30 (-0.99%) After Hours American Online shirt, AOL from Urban Outfitters American Online shirt, AOL from Urban Outfitters Source: Urban Outfitters Amid the hodgepodge of Verizon Media assets that Apollo Global Management is buying from Verizon — Yahoo Finance, TechCrunch, advertising technology, Yahoo Fantasy — there’s one cash flow stream that will not die: AOL.
The famed internet company that once bought Time Warner for $182 billion and used to make billions of dollars annually selling dial-up modem access, still has a monthly subscription service called AOL Advantage.
In 2015, 2.1 million people were still using AOL’s dial-up service. That revenue stream has dried up. The number of dial-up users is now “in the low thousands,” according to a person familiar with the matter.
But AOL still has a fairly lucrative base of customers who pay for technical support and identity theft services each month. There are about 1.5 million monthly customers paying $9.99 or $14.99 per month for AOL Advantage, said another person, who asked not to be named because the information is private. If average revenue per user is $10 per month, conservatively, that’s $180 million of annual revenue.
Apollo announced Monday it’s paying $5 billion for 90% of Verizon Media. The private equity firm doesn’t have immediate plans to spin off or sell any of the Verizon Media Group assets, preferring to grow the collection through investment and management, said the people. Still, the long-term plan may involve finding different buyers for the collection of businesses after Apollo attempts to add value to the units, the people said.
Verizon agreed to pay $4.4 billion for AOL in 2015 and $4.5 billion for Yahoo in 2017.
While AOL has largely faded from popular culture, Yahoo still has about 150 million daily active users and nearly 900 million monthly active users.
A spokesperson for Apollo declined to comment. A spokesperson for Verizon Media didn’t immediately respond for comment.
WATCH: Cramer on Verizon’s deal to sell AOL, Yahoo to Apollo for $5 billion |
Date: May 3rd, 2021 6:03 PM Author: Motley shimmering toilet seat gas station Technical support for what? (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42394878) |
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Date: May 3rd, 2021 6:35 PM Author: soggy foreskin AOL chat rooms (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42395046) |
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Date: May 3rd, 2021 6:38 PM Author: Cruel-hearted histrionic whorehouse You get to ask them stuff like "I'm having trouble with the computer!!" and some Indian follows a script to try to figure out what the fuck you're on about (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42395059) |
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Date: May 3rd, 2021 6:39 PM Author: free-loading peach marketing idea you can still get aol dial up? holy shit i want it (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42395062) |
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Date: May 3rd, 2021 6:40 PM Author: Up-to-no-good aromatic trailer park my mom was so addicted to aol. I had to sit down and cancel it for her, which they make very difficult to do
no wonder so many boomers just keep paying for it |
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Date: May 3rd, 2021 7:46 PM Author: Milky field Occasionally I'll get an email from a boomer with an .aol email address and I'll laugh (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42395422) |
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Date: May 3rd, 2021 7:52 PM Author: Up-to-no-good aromatic trailer park one of my wealthier clients is about 50 yo and he has AOL. He’s a lawyer too
Inexplicable |
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Date: May 3rd, 2021 7:53 PM Author: Milky field Might be a genius tell if you want to "connect" with boomers (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42395469) |
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Date: May 3rd, 2021 7:55 PM Author: Up-to-no-good aromatic trailer park good point
he probably swindles old retired boomers in FL |
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Date: May 3rd, 2021 7:54 PM Author: Bistre painfully honest idea he suggested well worth it (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42395475) |
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Date: May 6th, 2021 5:46 AM Author: Milky field (http://www.autoadmit.com/thread.php?thread_id=4825589&forum_id=2#42410696) |