Mixed news on subscriptions from the COC

scalpers_322A recent press release from the COC states that they have (so far) sold 9870 subscriptions for next season with 1368 of those being new subscribers.  The renewal rate is apparently 79%.  A quick bit of arithmetic suggests that this season there were 10762 (or very close to) subscribers and that therefore 2260 of them did not renew.  So new subscribers are lagging drop outs by around 900.  We can assume that subscribers who intend to renew have already done so as the deadline for keeping one’s seats was April 30th.  There’s still plenty of time to close part of that gap of course but it does suggest a decline in the subscription base that’s consistent with experience everywhere else that uses the subscription model.

The better news is that the introduction of “value” subscriptions seems to have been quite successful.  These are subscriptions that don’t guarantee the best seats in the section but are much cheaper than the regular package.  663 of these packages have gone to first timers so pretty much half of the new customers have gone that route.  That means only 215 went to renewers (two of those being K and myself!) so the cannibalization of the existing base seems to have been quite minimal.  That’s heartening and a bit surprising because the regular subscriber discount for some parts of the house was cut quite sharply.  The value packages are only half sold so maybe more newbies will pick them up before the new season in the fall.  They are a great deal actually.  For example $499 gets you a seat in Ring 3 for six productions.  $85 for a Ring 3 seat is a terrific bargain.  For the impecunious Ring 5 value packages are only $169 or less than $30/per.

Bottom line, the COC is, with some ingenuity, managing to maintain one of the highest subscription rates around but it’s still losing subscribers like everybody else.  There’s a really interesting marketing case in here somewhere.

Advertisements

2 thoughts on “Mixed news on subscriptions from the COC

  1. I personally will not be subscribing. The one thing the MET has done successfully this season is the new “Build your own season”. I like to package my operas together so I can book time off work or stay downtown instead of constantly commuting. Unfortunately COC doesn’t give me that option ( I can only pick 4). Will keep doing OUT+ until a more out of town friendly subscription service is created.

    • To be fair, you can, in practice, do build your own season. Pick any of the Select or Value packages and then change the dates to suit. You lose the “keep my seat” feature but otherwise it works.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s