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Pricing News Daily > 9/21/18

pricingnews-DailyPricing News Daily is a digest of top pricing strategy in the news, strategy expert and technology leader’s thought leadership, industry news and events, and resources for pricing professionals, business owners, creative professionals, and independent contractors.

 

This Edition is brought to you by:

 

Vistaar

Vistaar is leading SaaS software provider that enables companies to optimize pricing, promotion, configuration, and rebate management.  Our solutions are powered by predictive models leveraged by machine learning that deliver profitable growth and maximize shareholder value.  Our world-class customer base spans a broad range of industries throughout the Global 2000 and includes: manufacturing, beverage alcohol, retailers, and many others.

 

 

Headlines

New downloads of MoviePass have plummeted as the service has introduced unpopular features | Connecticut Post

New downloads of MoviePass have plummeted as the service has introduced unpopular features | Connecticut Post

Sharp declines corresponded with changes to the service (seen above). Downloads dropped from 330,000 in June to about 240,000 in July after MoviePass announced its unpopular surge pricing feature, in which users would have to pay extra for popular movies during busy showtimes. Downloads then dropped to 80,000 in August after MoviePass announced it would […]

 

Recondo Technology’s Chief Product Officer to Speak about Price Transparency and Payor/Provider Challenges at Becker’s 4th Annual Health IT + Revenue Cycle Conference | Markets Insider

Recondo Technology’s Chief Product Officer to Speak about Price Transparency and Payor/Provider Challenges at Becker’s 4th Annual Health IT + Revenue Cycle Conference | Markets Insider

DENVER, Sept. 18, 2018 /PRNewswire/ — In response to the recent IPPS Final Rule issued by CMS requiring hospitals to post their standard charges online, Recondo Technology is embarking on an educational initiative to inform providers how to provide authentic price transparency to patients. As part of this effort, the company’s Chief Product Officer, Heather […]

 

Ticketmaster Just Got Exposed For Using Secret Tactics To Trick Canadians Into Overpaying For Concert Tickets | Narcity

Ticketmaster Just Got Exposed For Using Secret Tactics To Trick Canadians Into Overpaying For Concert Tickets | Narcity

A CBC News and Toronto Star investigation has revealed something a lot of us have already suspected – Ticketmaster is ripping customers off huge. The two news outlets did some digging into ticket sales for Bruno Mars shows in Toronto over the last seven months and uncovered the shocking ways that the company has been […]

 

Got tickets to Saturday’s Bruno Mars show? The guy sitting beside you may have paid hundreds of dollars less | The Star

Got tickets to Saturday’s Bruno Mars show? The guy sitting beside you may have paid hundreds of dollars less | The Star

A seven-month Toronto Star/CBC analysis of box office sales for the show, part of Mars’s 24K Magic world tour, reveals the hidden tricks of the ticketing trade that allow manipulation of seat prices, create the appearance of scarcity and maximize revenues. The effect: fans pay more — or get left out entirely. The mysterious world […]

 

Sinemia’s $30 unlimited plan tries to fill a MoviePass-shaped hole | Engadget

Sinemia’s $30 unlimited plan tries to fill a MoviePass-shaped hole | Engadget

MoviePass attracted a lot of users with its $10 one-movie-per-day subscription plan, but as the last few months have shown, that price point was rather unsustainable. As its money troubles mounted, the company hit its subscribers with a number of sudden plan changes including surge pricing, limited film selections and, recently, a reduction to just […]

 

Why consumers find the iPhone irresistible despite its premium price | Marketing Interactive

Why consumers find the iPhone irresistible despite its premium price | Marketing Interactive

Apple recently unveiled three new iPhone models – iPhone XR, iPhone XS and iPhone XS Max, with all three steeply priced at US$749, US$999 and US$1,099 respectively. The news no doubt rattled consumers with some vowing not to switch iPhones unless malfunction occurs. Others pledged allegiance to Android phones, and some mocked Apple for jacking up […]

 

High drug prices: America’s migraine (and how to fix it) | The Philadelphia Tribune

High drug prices: America’s migraine (and how to fix it) | The Philadelphia Tribune

Americans go to the pharmacy a lot. We fill an average 12.6 prescriptions per year, and more than half of us regularly take medications—four, on average. Like covering rent or filling the gas tank, taking and paying for medicine has become part of our everyday lives. It’s not a stretch to suggest that the average […]

 

Hilton Bumps Up Award Night Costs | Simple Flying

Hilton Bumps Up Award Night Costs | Simple Flying

Hilton has made it a little more difficult to do so, through dynamic pricing (which means that the number of points you need to book a room is relative to the cash price for that particular room, which as we all know can change from minute to minute based on how many people are looking […]

 

Events and Resources

Webinar: Machine Learning & Data: The Latest Pricing Opportunity | PPS and Vistaar

Date: September 27, 2018

Time: 12:00 pm Eastern

In today’s ever-evolving world, data and software driven strategies are imperative to creating sustained commercial success. Good processes and experienced personnel are no longer enough. It is nearly impossible to rely on spreadsheets, custom software tools, and anecdotal experiences to properly manage the complexity of becoming a “data-driven business.” The good news?

Computers are more adept than humans at sorting through data with complex variables such as frequently fluctuating costs, rapidly evolving pricing models, and shifting customer priorities. Modern pricing software solutions, powered by advanced algorithms and machine learning techniques, enable businesses to constantly analyze data on an unparalleled scale and drive decision making based on data.

Please join Vistaar’s Director of Product Management, Dushyant Zutshi, in a new #PricingWebinar titled, “Machine Learning & Data: The Latest Pricing Opportunity” for a sneak peek of PPS Fall 2018 session content. Dushyant will discuss how advanced algorithms and machine learning techniques drive intelligent pricing and sales strategies for success in the data-driven world.

 

Fall Pricing Workshops & Conference | PPS

Date: October 23-26, 2018

Location: Renaissance Dallas Addison Hotel in Addison, TX

Please make plans to join us and well over 450 of your peers for the best event anywhere. We will be in Dallas, TX,October 23-26, 2018.

Don’t miss out on the Early Bird Discount (When 2 people from the same firm register at the same time (item of equal or lesser value), the 3rd registrant can attend FREE of charge). Offer expires September 14th!

 

14th Annual PPS European & Global Pricing Conference & Workshops | PPS

Date: November 28-30, 2018

Location: Mövenpick Hotel Amsterdam City Centre in Amsterdam, Netherlands

The Professional Pricing Society team and I are very proud to announce that we will be returning to Amsterdam for our next great event – The 14th Annual PPS European & Global Pricing Conference & Workshops held 28-30 November.

Conference keynotes, breakout sessions, and networking opportunities highlight the conference day on 30 November; While 28-29 November will be used for workshop days to help you enhance your pricing knowledge.

 

This blog series provides a forum for pricing professionals to share their insights and experience. Our guest bloggers share their knowledge about specific product or industry challenges, geographic complexities, strategies, tactics, and technologies.

 

 

Top Discussions

This blog category offers a collection of top pricing related conversations on LinkedIn or in the comments section of pricing related blogs and articles.

 

Pricing News LinkedIn Group

Join over 5,000 of your peers in the our LinkedIn discussion group. The group offers a place to share the latest pricing strategy and technology, news, events, resources, thought leadership, and discuss the latest pricing related successes and failures in the news.

 

Pricing Resources

Explore our collection of valuable pricing resources including:

 

The following is a daily-dose of pricing cartoons, quotes, and videos enjoy…

 

 

“There is scarcely anything in the world that some man cannot make a little worse, and sell a little more cheaply. The person who buys on price alone is this man’s lawful prey.”

     – John Ruskin

 

 

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